Recently, the Crypto Assets market trends have drawn attention, with Bitcoin and Ethereum both facing technical pressure, and a pullback may occur in the short term.



Bitcoin has recently pulled back from a high of $123,200, currently trading around $118,700. The market has formed a short-term descending trend resistance line, now located around $119,200. If Bitcoin cannot break through this resistance, it may pull back to the support level near $115,300.

Regarding Ethereum, although it quickly surged from $2100 to a high of $3800, technical indicators suggest that the likelihood of breaking through the $4100 resistance in the short term is low. Considering the overbought technical indicators after the rapid rise, Ethereum may need to pull back to the $3150-$3300 range for adjustment.

Market sentiment remains high, but investors should exercise caution. In the short term, Bitcoin may fluctuate between $115,000 and $118,500, while Ethereum could oscillate between $3,580 and $3,820.

Overall, the crypto assets market may face pullback pressure in the short term, but the medium to long-term trend still needs further observation. Investors should closely follow market dynamics and manage risks appropriately.
BTC0.65%
ETH0.13%
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