Recently, the crypto assets market has experienced a pullback, with Bitcoin displaying strong resilience. Although it briefly touched the support level around 115000, it quickly rebounded, in line with previous trend expectations. Currently, Bitcoin and Ethereum are trapped in a narrow range of fluctuations around 119000.

In contrast, other Crypto Assets have shown relatively weak performance, easily experiencing significant declines due to minor drops in Ethereum, reflecting a lack of market confidence.

Overall, the market appears to be slightly weak. Although Bitcoin is performing reasonably well, Ethereum has formed a double top pattern on the 4-hour chart and has entered the important resistance zone of 3940-4000, making a pullback likely. If Ethereum cannot hold the daily closing level of 3740, it will likely test the 3500 level again. Similarly, if Bitcoin breaks below the previous low support of 114723, the next target may drop to around 110000.

It is worth noting that a large number of unlocked Ethereum staking tokens have started to flow back to exchanges, increasing the expectation of selling pressure. In addition, the uncertainty of the China-US tariff negotiations has also brought potential risks to the market.

The future market may show divergence, with Bitcoin relatively strong and Ethereum weaker. However, overall, the big trend is not yet over, and both major cryptocurrencies still have the potential to reach new highs after adjustments. Nevertheless, this process may be rather tortuous, and investors need to prepare psychologically and remain vigilant.