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On the 24th, the Crypto Assets market exhibited a high-level fluctuation trend. Bitcoin ( BTC ) is currently challenging the resistance range of 119,000 to 119,300. If it fails to break through, it may face downward pressure. The key support level is at 116,800, and once it falls below this level, a short positions pattern may be established, potentially testing the levels of 113,500 and 111,500 thereafter.
Currently, BTC is likely to oscillate within the range of 117,300 to 120,000. Unless it can stabilize above 119,800 and show strong upward momentum, the possibility of breaking through the 120,000 resistance is low. If this occurs, it may challenge the previous high.
Ethereum ( ETH ) is also in a high-level wait-and-see state. Focus on the range of 3620 to 3660. If a top formation occurs within this range, such as a candlestick reversal or divergence, it may indicate a short positions trend. If it begins to fall back, the primary target is located at 3440 to 3460, with deeper support levels at 3100 to 3200.
If ETH fails to provide a clear pullback signal, it is likely to continue its oscillating pattern. Similar to BTC, the probability of ETH directly breaking through the upper resistance is also low.
Overall, the Crypto Assets market is at a critical position, and investors should closely monitor price trends and technical indicators, operate cautiously, and manage risks effectively.