The crypto assets market has recently experienced a slight fluctuation, but subsequently demonstrated strong recovery power. Bitcoin (BTC) quickly rebounded after a brief dip below 113,000 and is currently striving to break through the resistance level of 116,000. This "second bottom test" can be considered relatively successful, as it did not create a new low; rather, it formed a relatively strong structure on the right side of the chart, indicating that it may continue to rise in the short term.



Ethereum (ETH) has performed more impressively, quickly rebounding after touching lows around 3,540, demonstrating stronger resilience than Bitcoin. If this upward momentum continues, its next challenge will be the resistance range of 3,750 to 3,800.

It is noteworthy that small-cap Crypto Assets (commonly known as "altcoins") have performed well in this market cycle, especially in the more speculative segments, where some tokens have begun to show signs of an increase. However, the market landscape has changed, with institutional investors gradually dominating the market, which is different from the past market driven purely by individual investors.

Nevertheless, we need to be cautious about so-called "meme coins". While they may experience short-term volatility, they are unlikely to become the primary focus of speculation in the future market. Investors should pay more attention to projects that have actual application value and long-term development potential.

Overall, the current Crypto Assets market is at a critical turning point. Although it may continue to face volatility in the short term, the overall resilience shown by the market and the increase in institutional participation have laid the foundation for robust development in the future. Investors should comprehensively consider technical analysis, market sentiment, and macroeconomic factors when making decisions, maintaining a rational and cautious attitude.
BTC0.59%
ETH7.81%
MEME5.37%
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TokenToastervip
· 08-08 05:07
Altcoin still has to look at old Ether.
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ProposalDetectivevip
· 08-06 14:50
Altcoin opportunity is here, stock up!
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DeFiAlchemistvip
· 08-06 14:49
*adjusts mystical charts* the liquidity transmutation speaks... protocol wisdom shows btc ready for ascension
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OnChainArchaeologistvip
· 08-06 14:48
Just do BTC.
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tx_pending_forevervip
· 08-06 14:23
Those who got out of positions early all fainted in tears.
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