Recently, the Crypto Assets market has shown a positive trend, with Bitcoin's price exhibiting strong upward momentum. In the latest round of rises, Bitcoin successfully broke through the key price level of 118,000, subsequently climbing to around 119,600, achieving the target level previously anticipated by analysts. Currently, Bitcoin's price is entering an adjustment phase around 118,600, and market participants are closely following the subsequent trends.

From a technical perspective, the hourly chart shows that the support at the 117,000 level is very solid. After multiple tests over the weekend, this support level has remained strong. More importantly, the price movement exhibits a typical rising wave structure, with both highs and lows gradually increasing, which is often seen as a signal of bullish dominance in the market in the short term.

For traders, the current market environment may present some potential opportunities. Considering the current technical formations, looking for long opportunities in the range of 118,000 to 117,600 could be a strategy worth considering, with an upper target set around 119,500. Meanwhile, Ethereum (commonly known as "二饼") also shows a similar trend, with potential long opportunities in the range of 2940 to 2910, and a target level to follow around 3020.

However, investors must keep in mind that the Crypto Assets market is highly volatile and carries significant risks. Before making any trading decisions, one should fully assess their risk tolerance and conduct a comprehensive market analysis. In addition, market conditions change rapidly, so it is crucial to adjust strategies in a timely manner.