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The latest analysis of the Crypto Assets market shows that Bitcoin and Ethereum have recently exhibited some noteworthy technical characteristics.
Regarding Bitcoin, the recent trend has seen a pullback after reaching a new high. Currently, the key support level is around 111,800. If it can stabilize at this position, there may be a continuation of the upward momentum; however, if it falls below this level, it may further decline to the 108,000 level.
From a mid-term perspective, the Bollinger Bands indicator shows a rapid price pullback, but the KDJ indicator is about to form a golden cross near the zero axis, while the MACD indicator shows weakening bearish momentum. These technical indicators suggest that if Bitcoin can find support around 111,800, there is still a possibility of a rebound.
For Ethereum, the current market shows a similar trend. Investors can closely monitor the performance within the range of 4,080 to 4,150. If it can stabilize here, it may rebound towards the 4,300 to 4,350 area.
It is important to note that the Crypto Assets market is highly volatile, and investors should carefully assess the risks and manage them properly. At the same time, market conditions change rapidly, and investment decisions should be made based on the latest market data and individual risk tolerance.
Overall, the current market is at a critical technical position, and investors should remain vigilant, closely monitor market changes, and adjust strategies in a timely manner.