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Recently, the crypto assets market has shown a positive trend, with Bitcoin and Ethereum both exhibiting upward momentum. Although Bitcoin's performance is slightly inferior compared to Ethereum, its overall trend remains encouraging.
From a technical analysis perspective, Bitcoin is forming a robust upward structure. The 4-hour chart shows that the price is exhibiting a stepped rise between the middle and upper bands of the Bollinger Bands, having currently broken through the upper band. Various technical indicators show an upward trend, indicating that bullish momentum is continuing to accumulate.
For Bitcoin, the focus range is around 118,000, with support possibly around 117,400. If the current resistance is broken, the next target price may be between 120,000 and 122,000.
In terms of Ethereum, its strong performance is even more evident. Investors should pay attention to the key range of 4,200 to 4,170, as a breakout may challenge the highs of 4,300 to 4,380.
Overall, the current market shows a clear upward trend. Investors may consider looking for buying opportunities during pullbacks, but they should also be wary of potential short-term pullback risks. Both Bitcoin and Ethereum show further upside potential, but investors still need to operate cautiously and manage risks effectively.
It is worth noting that the Crypto Assets market is highly volatile, and investors should develop strategies based on their own risk tolerance and investment goals. Additionally, closely monitoring market news and regulatory developments is also a wise move, as these factors can have a significant impact on the market.