The current crypto assets market is experiencing a typical consolidation phase. The prices of mainstream tokens fluctuate repeatedly within a specific range, with bullish and bearish forces in a stalemate. In this market condition, blindly guessing the direction is very dangerous; investors should be more patient and wait for the market to choose its breakout direction.

From a technical analysis perspective, 118300 is a key central price level worth attention, which can be seen as the dividing line between short-term bullish and bearish. When the price operates above this position, the bulls have a slight advantage. At this point, investors need to closely monitor the important resistance level of 121000. Only by effectively breaking through this position can the start of a new round of upward trend be confirmed. If the breakthrough is successful, subsequent targets may point to 122000 and 123300.

On the other hand, if the price breaks below 118300, the market may test the support at the bottom of the range at 115700. If this support level is lost, it could trigger a larger-scale pullback, with the next important support level being around 110000.

Currently, the market is in a minor pullback trend. 3750 is the key resistance level to determine whether this pullback has ended. Only when the K-line entity firmly stands above 3750 can it confirm the end of the pullback and possibly start a new round of increase. If this happens, the upper targets may successively point to important psychological levels such as 3858, 3900, and 4000.

Before the breakout occurs, the market will continue to maintain a correction trend. Investors need to closely monitor the performance of support levels below, such as 3600, 3530, and 3470. The defense situation at these positions will provide important clues for the subsequent direction of the market.

In such a complex market environment, it is crucial to maintain patience and objective analysis. Do not be easily influenced by short-term fluctuations, but rather focus on long-term trends and key technical levels. At the same time, implement risk management and set reasonable stop-loss levels to protect your funds in this uncertain market.