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In last night's crypto assets market, Bitcoin and Ethereum exhibited different trend characteristics. Bitcoin experienced a wave of first rising and then falling, reaching a maximum of 115686 points, and then retreating to around 114580 points. Currently, Bitcoin is struggling to bounce back, showing a rebound trend.
In contrast, Ethereum's performance has been relatively strong. After a brief pullback to 3661 points, it quickly rebounded and continued to rise, reaching a high of 3732 points in the early morning, demonstrating strong upward momentum.
From a technical perspective, Bitcoin has been continuously testing higher levels on the four-hour chart, but it has encountered resistance near the upper Bollinger Band. This indicates that the upside potential may be somewhat limited in the short term. Investors may consider cautiously placing short positions near the highs to seize potential adjustment opportunities.
The hourly chart shows that although Bitcoin experienced a three-day rebound, it subsequently encountered upward pressure and saw a slight pullback. However, the overall trend is still operating within an upward channel. A healthy market typically presents a rhythm of alternating rises and falls, so during the Asian trading session, investors may first observe the slight adjustments that may occur in the morning session before considering chasing higher.
For investors looking to participate in trading, attention can be given to buying opportunities for Bitcoin around 114500, with a target set near 116500. Ethereum can be considered for buying in the range of 3650-3670, with target prices between 3750-3830.
However, it is important to remind that the Crypto Assets market is highly volatile, and investors should operate cautiously and manage risks effectively. Market conditions change rapidly, making it crucial to adjust strategies in a timely manner. Additionally, a deep understanding of project fundamentals, attention to industry trends, and awareness of the global macroeconomic situation are all indispensable factors when making investment decisions.