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The Crypto Assets market experienced a strong Rebound last night. Bitcoin (BTC) started to pump from around 114800 dollars and has risen to about 117400 dollars as of this morning, with an increase of nearly 2600 points.
From the hourly Bollinger Bands indicator, the market shows a clear upward trend: the Bollinger Bands are widening upwards, and the distance between the upper and lower bands is continuously increasing, indicating that the upward momentum of the market is strengthening in the short term. It is worth noting that the price has remained stable above the middle band for several consecutive hours, and the middle band is showing an upward slope, which not only confirms the effectiveness of the middle band support but also suggests that the short-term rebound momentum may continue.
Based on the current market trends, investors may consider looking for buying opportunities for Bitcoin in the range of $116,500 to $115,800, with target price levels around $117,700 to $118,500. For Ethereum (ETH), entry opportunities can be sought in the range of $3,680 to $3,640, with target price levels around $3,750 to $3,800.
It is worth mentioning that recently the trading volume of Ethereum has surpassed that of Bitcoin, and this change has attracted widespread attention in the market. This may indicate that the structure of the Crypto Assets market is undergoing some interesting changes, and investors should closely monitor the development of this trend and its potential impacts.
In such a market environment, investors should remain vigilant and manage risks effectively, while also closely monitoring market changes and adjusting strategies in a timely manner. Both Bitcoin and Ethereum have shown strong upward momentum, but market volatility still exists, so it is essential to consider multiple factors when making investment decisions.