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Yesterday, the crypto assets market exhibited a fluctuating trend. Bitcoin (BTC) reached a high of $119,800 in the morning, and Ethereum (ETH) also broke through the $3,900 level, bringing positive signals to the market for this week. However, both experienced a phase of retreat afterward. After the opening of the US stock market, BTC fell to around $117,600, while ETH retreated to about $3,770.
Currently, BTC is fluctuating around the middle band of the Bollinger Bands on the 4-hour chart. If it can stabilize above 117,000 USD, the market is still expected to continue upward, with the next target possibly pointing to 120,000 USD. However, if it falls below this key support level, this round of increase may come to an end, and the pullback target may drop to around 116,500 USD.
In contrast, ETH has shown more activity recently, with frequent fluctuations of hundreds of points, providing traders with more opportunities. Evening trading can focus on the support level of $3750; if this level can be maintained, the next upward target may be $3900. However, if it falls below the support, this round of increase may come to an end, with a pullback target possibly dropping to around $3710.
For short-term traders, BTC can consider going long around $118,000, with a target of $120,000 and a stop loss set at $117,000. ETH can look for long opportunities in the $3,780-$3,800 range, with a target of $3,900 and a stop loss at $3,750.
It is worth noting that the Crypto Assets market experiences significant Fluctuation, and investors should operate cautiously and manage risks appropriately. At the same time, it is essential to closely monitor global macroeconomic conditions and changes in regulatory policies, as these factors can have a substantial impact on Crypto Assets prices.