Recently, the Crypto Assets market has shown some Fluctuation. Bitcoin has experienced a slight pullback, but the overall pump trend remains evident, and the market generally expects it to reach new highs again.

Bitcoin recently broke through the key level of 117,900 and is currently in a short-term adjustment phase. Although some believe that the inability to solidly break 120,000 for half a month may indicate that a top is about to form, it is more likely that this is just a brief pause in the midst of the rise. It is expected that after this round of pullback ends, Bitcoin is likely to regain momentum and aim for new highs, after which the current mid-term rising trend may come to an end.

Technical analysis indicates that the pullback of Bitcoin has not yet ended, and it may dip into the range between 116,000 and 117,000. As long as it does not break below the key support level of 115,500, there is hope for a resumption of the rise after the pullback, which may accelerate and break through the resistance level of 123,000. In the short term, the market may need to further dip below 117,000 before a rebound occurs.

As another major Crypto Assets in the market, Ethereum has also seen a pullback and is currently in a consolidation phase. If it breaks the downward trend at 3,731, it may look for support between 3,650 and 3,700, and then is expected to continue to rise and challenge levels above 4,000 USD. Whether it can break the previous high of 4,107 still requires further observation of market trends.

Overall, the direction of the Crypto Assets market remains unchanged: the long-term and medium-term trends are still upward; although there is a pullback in the short term, the overall outlook remains optimistic. Investors need not be overly anxious and can patiently wait for the pullback to end and seize the potential pump opportunities. In this market full of opportunities and challenges, it is crucial to maintain calm and rational analysis.