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Late night market observations show that the Crypto Assets market has experienced an unexpected slight pump. However, whether this symbolic rise can be sustained remains questionable. Analysts believe that if the market cannot break through the key resistance level of 119200, market trends may turn downward.
In terms of Bitcoin, 117715 is an important support level worth attention. If the price stabilizes at this level, there is still upward potential in the short term, and investors can focus on resistance levels near 118300, 119200, and 120200. However, if it falls below 117715, it may trigger a pullback, at which point one should be cautious of support levels such as 116300, 114700, and 113000.
The trend of Ethereum is also facing a critical moment. 3743 is an important reference point. If it can hold this position, it is expected to continue rising, with subsequent resistance levels around 3780, 3811, and 3857. Conversely, if it fails to maintain 3743, it may trigger a pullback, and investors should pay attention to support levels such as 3695, 3640, and 3570.
It is worth noting that market fluctuations may be influenced by multiple factors. When making decisions, investors need to consider not only technical analysis but also a comprehensive array of information such as the macroeconomic environment and industry trends to better grasp market movements.