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This week, the Crypto Assets market has shown a complex trend, with Bitcoin and Ethereum as the market leaders, their performance has attracted much attention.
In terms of Bitcoin, although the upward momentum on the weekly chart appears somewhat unstable, it still maintains an overall upward trend. Investors should closely follow the key level of $118,000. If the price can hold this level during a pullback at the 1-2 hour level, the bullish trend is likely to continue, with the next target possibly being $119,520. However, if it breaks below $118,000, it may trigger a short-term correction, with support around $116,790.
Ethereum's performance has been stronger, showing a clear rebound trend last week. This week's important focus is on the $3750 level. If it can hold above this level during a short-term pullback, the bullish pattern will continue to dominate, with the next resistance possibly appearing at $3786. However, if it falls below $3750, it may trigger further pullbacks, and investors should pay attention to the support around $3715.
It is worth noting that the Crypto Assets market is rapidly changing, and investors should consider real-time market dynamics when making decisions and should not overly rely on a single analysis. At the same time, the market is closely following the potential impact of various external factors on coin prices.
As the market enters a critical moment, the trends in the next few hours could have a significant impact on the short-term trend. Investors need to stay vigilant and adjust their strategies in a timely manner to cope with potential volatility.