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The latest market data shows that the crypto assets market is still in a fluctuating state. The Bitcoin 4-hour chart indicates that the market is still fluctuating within a range. Currently, the key support level is around 115,700, while the resistance level is around 120,950.
Market trends will depend on subsequent developments. If the MACD indicator shows a death cross and the price falls below the lower track, it is likely to test lower support levels. Conversely, if the price stabilizes at the middle track with an increase in trading volume, it may attempt to break through the upper resistance.
For traders, it is essential to closely monitor these key levels. Bitcoin may face selling pressure in the range of 118,500 to 118,300, with a potential downward target between 117,000 and 116,500, but caution is needed for a breakout above 118,800.
At the same time, Ethereum is showing a similar trend. It may face resistance in the range of 3,630 to 3,600, with a downward target between 3,500 and 3,450, but be aware of the potential rebound above 3,650.
Overall, the current market is still in a stage of high uncertainty, and investors should remain cautious, closely monitor changes in technical indicators and key price levels, and adjust their trading strategies in a timely manner.