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Recently, the Crypto Assets market has shown a positive trend, especially with Bitcoin's impressive performance. From the recent price movement, Bitcoin began to steadily rise after stabilizing around 118000. The price movement has exhibited a fluctuating upward trend, repeatedly breaking through important resistance levels, reaching a maximum of 123669 points, demonstrating strong pump momentum.
From a technical perspective, the middle band of the Bollinger Bands provides strong support for Bitcoin, driving the price to continue rising. Meanwhile, the MACD indicator shows that bullish strength is accumulating, which may indicate that the upward trend still has room for continuation. Overall, Bitcoin maintains a clear upward trend in the short term, with solid support levels and a complete bullish pattern. If the key support level can hold, further price movement upwards is expected in the future.
For traders, market corrections may provide better entry opportunities. However, it is important to keep in mind that the Crypto Assets market is highly volatile, and investors should remain rational, manage risks well, and avoid blindly chasing pumps or stubbornly resisting declines.
Besides Bitcoin, other mainstream Crypto Assets like Ethereum are also showing a trend of following the pump. The market generally expects that if the overall market atmosphere continues to improve, Ethereum is likely to challenge the target level of 4830.
In any case, while seizing market opportunities, investors should always remain vigilant and set reasonable stop-loss levels to ensure the safety of their funds. The Crypto Assets market is ever-changing, making it crucial to pay attention to market dynamics and adjust strategies flexibly.