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Recently, the Crypto Assets market has once again shown vitality, with Bitcoin and Ethereum both exhibiting a Rebound trend. Bitcoin stabilized after being blocked at the 1170 dollar mark and then fluctuated upwards to around 1180 dollars. Ethereum, after stabilizing at a low point of 3099 dollars, climbed to a high point of 3158 dollars. This trend aligns largely with market expectations, providing investors with considerable profit opportunities.
From a technical perspective, the four-hour chart shows signs of a bottoming Rebound, and the market is currently in a consolidation range. The support level below is relatively strong, with each test accompanied by a certain degree of Rebound, indicating that in the absence of significant news stimuli, it is difficult to form an effective breakout in the short term. The three lines of the Bollinger Bands are parallel, indicating that the market is digesting the previous decline.
Nevertheless, the bullish trend still holds the advantage. Investors can continue to look for opportunities near the secondary highs while maintaining a cautiously optimistic attitude. For Bitcoin, one might consider looking for long opportunities in the range of $117,500 to $118,000, with a target around $119,500. Ethereum, on the other hand, can be positioned for long trades in the range of $3,100 to $3,130, with a target of about $3,220.
However, investors still need to be vigilant about market volatility risks and closely monitor various factors that may affect the market, including but not limited to regulatory policies, macroeconomic data, and the movements of large institutions. In this uncertain market, it is crucial to remain calm and rational.