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The Fluctuation of the Crypto Assets market has always been the focus of investors' follow. In the current market environment, whether in a downturn or a boom, it is crucial to maintain rational and strategic thinking.
Although the bear market can be frustrating, it actually provides valuable learning opportunities for investors. This is an ideal time to delve into market dynamics and refine investment strategies. Conversely, amid the frenzy of a bull market, it is equally critical to remain clear-headed and restrained. Taking profits at the right time can lock in gains and avoid excessive risk.
It is worth noting that investing in digital assets is not a shortcut to overnight wealth. On the contrary, it is more like a marathon that requires patience, wisdom, and continuous learning. By continuously improving their understanding of the market and strictly adhering to investment discipline, investors can gradually approach the goal of financial freedom.
Recent market trends indicate that Bitcoin has retraced after reaching a high of 119,258, dropping to a low of 118,119. Ethereum has also shown a similar trend, retreating from a high of 3,886 to around 3,820. Technical analysis suggests that despite the short-term pullback, the overall trend remains strong. The double bullish candlestick rebound followed by a pullback on the four-hour chart, along with the upward opening of the Bollinger Bands, supports this view.
From an hourly perspective, although there has been a two consecutive bearish retracement, the middle band of the Bollinger Bands provides strong support, slowing down the downward momentum. This indicates that the current retracement has not changed the overall upward pattern.
Based on the current market conditions, investors may consider establishing long positions near Bitcoin 118,000, with a target price of 120,500. For Ethereum, around 3,780 may be a good entry point, with a target price of 3,900.
In this market full of opportunities and challenges, maintaining a calm and rational investment attitude, along with continuous learning and adapting to market changes, will be key factors for success.