Recently, the Crypto Assets market has been experiencing frequent fluctuations, and Bitcoin has entered a consolidation phase after reaching an all-time high, forming a converging triangle pattern. Despite multiple false breakouts and pullbacks in the market, as long as the key support level of 116,700 has not been effectively broken, the long positions pattern is still expected to be maintained.

Analysis shows that Bitcoin is expected to challenge multiple key price levels, including target levels such as 122,000, 126,000, and 135,000. However, investors need to remain vigilant, as misleading price movements may occur before a genuine breakout. It is recommended to patiently wait for increased trading volume and a breakout of the key resistance level before taking action.

The trend of Ethereum shows a high correlation with Bitcoin and has also gone through a period of consolidation. Although there were some divergence signals from technical indicators previously, after sideways consolidation, an ascending channel has formed, and the weekly level shows a potential bullish pattern.

Currently, the price of Ethereum is approaching a key breakout point. If it can successfully break through and hold, it will lay the foundation for further increases. Ethereum is expected to challenge the previous high of $3857 and is likely to test resistance levels such as $4000 and $4100, and even the possibility of breaking through the historical high of $4877 cannot be ruled out.

It is worth noting that there is a close correlation between Bitcoin and Ethereum. Typically, an increase in Bitcoin will lead to a rise in Ethereum, and vice versa. Therefore, investors need to pay attention to the price movements of these two major Crypto Assets when developing trading strategies.

Overall, the current Crypto Assets market is in a critical consolidation phase, and future trends will depend on the breakout situation at key price levels. Investors should remain cautious, closely monitor market movements, and wait for clear breakout signals before making decisions.