Bitcoin (BTC) is currently at a critical support level. If it can hold the two key points of 113,466 and 113,841, it is very likely to continue rising tonight, aiming to break through 116,000. If it successfully stabilizes at 116,000, it is expected to challenge higher levels of 119,000 to 120,000 this week.



Analysis indicates that Bitcoin is likely to continue its upward momentum tonight. The overall trend for this week remains bullish, consistent with previous forecasts.

For investors, entering the market during a price pullback may be a wise strategy. However, it is important to note that we may currently be at the tail end of a bull market. At this stage, the risks in the spot market have significantly increased, making it difficult to accurately predict when a sudden reversal may occur.

It is worth emphasizing that the cryptocurrency market always carries a high level of uncertainty. Investors should remain alert and manage risks appropriately. Before making any investment decisions, it is essential to conduct thorough research and analysis, and to formulate a suitable investment plan based on individual risk tolerance.

Overall, while Bitcoin may continue to rise in the short term, the volatility and unpredictability of the market remain high. It is crucial to maintain a rational and cautious attitude, and never blindly chase after rising prices or panic sell.
BTC-0.33%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Share
Comment
0/400
wrekt_but_learningvip
· 19h ago
Writing another short essay about rise and fall.
View OriginalReply0
ProposalManiacvip
· 08-05 05:28
The charts are all blurry and you're still awkwardly hyping the price points.
View OriginalReply0
UncleWhalevip
· 08-04 07:51
The pattern is small, tonight will soar to 120,000.
View OriginalReply0
WalletDoomsDayvip
· 08-04 07:51
All in is the only way out!
View OriginalReply0
YieldChaservip
· 08-04 07:48
Gains that do not materialize are all in vain.
View OriginalReply0
MrRightClickvip
· 08-04 07:48
Suckers, hurry up and enter a position.
View OriginalReply0
CounterIndicatorvip
· 08-04 07:38
Predicting K-line again.
View OriginalReply0
PretendingSeriousvip
· 08-04 07:35
What is it? It's just a sucker harvesting machine.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)