Recently, the Crypto Assets market has shown new trends. Bitcoin has displayed a correction phase after a long positions breakout on the 4-hour Candlestick Chart, and the overall trend still holds upward potential.

Previously, the price had dipped to around $111,625, with short positions temporarily dominating. However, a strong bullish Candlestick quickly lifted the price to around $117,000, breaking through multiple resistance moving averages and signaling the temporary exit of short positions with a strong stance. This significant surge reflects the concentrated entry of long positions, laying the foundation for the subsequent rebound.

Subsequently, the market entered a correction phase. It is worth noting that the low points of the correction have always remained above the previous fluctuation platform, characterized by minor fluctuations, and trading volume gradually decreased, indicating that selling pressure is weakening. This adjustment resembles a buildup of strength after long positions taking profits, rather than a trend reversal.

From a technical perspective, the combination of "sharp rise + pullback consolidation" has basically formed. If the price can rise again after the pullback and break through the short-term resistance around $115,500, it is expected to initiate a typical long positions trend of "breakthrough → pullback → secondary rise". However, if it falls below the support of $114,000, one should be cautious of the risk of a false breakout.

Overall, the trend foundation established by the significant increase in the early stage remains, and the current pullback can be seen as a process for long positions to gather strength. As long as the key support levels are not broken, the upward expectations still exist. Therefore, trading strategies can consider buying on dips during the pullback.

For Ethereum, you can pay attention to buying opportunities around $4,800, with a target price looking towards $4,900.

It is important to note that the Crypto Assets market is highly volatile, and investors should operate cautiously and manage risks effectively.