The market quietly pumped overnight, with several crypto assets reaching short-term resistance levels. Particularly noteworthy is BNB, which broke its ATH, leaving investors thrilled. Recently, Bitcoin and BNB have alternated in reaching new highs over the past month, demonstrating the sustained appeal of these two projects.

Bitcoin is currently fluctuating within the daily horizontal range of $116,000 to $120,800. This range has a significant impact on the entire crypto assets market: when Bitcoin reaches the bottom of the range, other coins often decline accordingly; when Bitcoin approaches the top of the range, other coins also tend to rise. Therefore, short-term traders should pay close attention to the upper and lower boundaries of this range.

Today's Bitcoin market analysis:
After breaking through the first resistance level in the early morning, Bitcoin has begun to slightly pull back. $118,300 is the key position for today; as long as it remains above this level on the 4-hour chart, there is still hope for continued upward movement after a short-term pullback. The resistance levels to watch above are around $120,130, $120,955, and $122,030. If the 4-hour chart falls below $118,300, it may trigger a larger pullback, with support levels around $117,050, $115,700, and $114,730.

On the Ethereum side:
Similarly, after breaking through the first resistance level in the early morning, it began to correct. $3712 is an important level today; as long as it maintains above this level for 1-2 hours, all time frames can still maintain a bullish pattern, with the potential to continue upward. The resistance levels to watch above are around $3760, $3800, and $3857.

Overall, the market shows a positive trend, but investors still need to closely monitor key support levels and resistance levels, and manage risks appropriately.