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Recently, the cryptocurrency market has shown significant fluctuations, with the main coins BTC and ETH displaying divergent trends. The BTC daily chart shows a bullish line with a long lower wick, indicating strong support around $116,000. Yesterday, BTC reached a high of $120,247 and a low of $116,128, with a fluctuation range of 4,119 points.
ETH is relatively weak, reaching a high of 3798 USD and a low of 3616 USD yesterday, with a fluctuation range of 182 points. It is worth noting that when ETH pulled back to around 3600 USD, BTC not only showed strong resistance to declines but also rebounded to around 120000 USD, indicating that the two major coins have not yet formed a synchronized trend.
From a technical perspective, both the four-hour and daily charts of BTC are in a state of fluctuation. If the support level at $116,000 is not broken, the possibility of a large-scale decline is relatively small. Time cycle analysis indicates that a key turning point signal may appear this week, and whether the $116,000 support can hold will become the core variable determining the future market direction.
For ETH, the support strength around $3600 is also worth noting. The performance of these two key price levels will largely determine the short-term trend direction of the Crypto Assets market.
Looking ahead to today's market, BTC has completed a rebound at the intraday level, and investors can pay attention to the pullback situation. The key intraday support level to focus on is around 116,000 USD. If the decline expands, it is necessary to closely monitor the support strength in the range of 114,000-115,000 USD.
Overall, the current Crypto Assets market is at a critical technical position, and investors should remain vigilant, closely monitoring the performance of the key support levels of BTC and ETH, as well as any potential breakout or reversal signals.