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Recently, the crypto assets market has exhibited significant fluctuations, especially with Bitcoin and Ethereum, the two major mainstream tokens. Market analysis indicates that Bitcoin has seen a noticeable pullback around the $114,800 mark and Ethereum around $3,600. However, Bitcoin found a certain level of support at the $115,000 level, experiencing a rebound after several pullbacks.
From a technical perspective, the daily and four-hour moving average indicators show that Bitcoin faces short-term resistance around $118,100 and Ethereum around $3,720. It is noteworthy that the Bitcoin daily chart has shown bearish candles for three consecutive days. Although a long lower shadow appeared at yesterday's close, indicating support below, the overall trend remains bearish in the context of daily bearish candles.
Currently, the market focus is on whether Bitcoin can break through the key resistance level of $118,000. If it fails to break through, it may trigger a new round of pullback. Meanwhile, the trend of Ethereum is also worth paying attention to, with its upper resistance level in the range of $3,720 to $3,740.
For traders, the current market environment is full of opportunities but also carries risks. It is recommended to closely monitor market trends, especially the performance of Bitcoin in the range of $117,500 to $118,000 and Ethereum in the range of $3,720 to $3,740. If there are clear breakout or pullback signals, it may lead to new trading opportunities.
However, given the current high uncertainty in the market, investors should proceed with caution and manage risks effectively. The market may continue to exhibit wide fluctuations, making it crucial to adjust strategies flexibly. Whether opting for a long or short position, reasonable stop-loss levels should be set to guard against sudden reversals in the market.
Overall, the crypto assets market is still at a critical crossroads. In the short term, market participants should remain vigilant and closely monitor the price trends and trading volume changes of various mainstream tokens, as well as macroeconomic factors and industry news that may impact the market.