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Recently, the crypto assets market has shown a continuous falling trend, accompanied by a slight rebound, forming a predictable fluctuation pattern. The price of Bitcoin has reached a new low again, while Ethereum is continuously testing the important support level of 4200 USD.
Market analysts point out that Bitcoin will focus on the key price level of $110,000 next. At the same time, Ethereum needs to closely monitor the support situation around $4,100. Given the current weak market trend, the possibility of further falls cannot be ruled out. Whether a larger decline will occur largely depends on whether there are positive market messages to stimulate prices.
Specifically, Bitcoin may encounter resistance in the range of 113,000 to 113,500 USD, with a support level near 110,000 USD. Ethereum may face pressure in the range of 4,280 to 4,310 USD, with a support area between 4,100 and 4,130 USD.
This continuous downtrend presents challenges for investors while creating conditions for traders looking for potential entry opportunities. However, in the absence of significant positive news, market participants should remain cautious and closely monitor the performance of these key price levels.
Despite the market sentiment leaning towards pessimism in the short term, long-term investors are still paying attention to the fundamental developments and technological innovations of Crypto Assets. As the industry continues to mature and the regulatory environment gradually clarifies, the future direction of the crypto market remains full of uncertainties and opportunities.