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The crypto assets market today presents a complex technical pattern. In terms of Bitcoin, the short-term technical indicators are below normal, but the daily chart level has returned to normal, and it is expected to oscillate within the range of 116000 to 118500. Investors should closely follow the support level of 116000-116500 and the resistance level of 118000-118500.
Ethereum shows a more optimistic momentum. Both short-term and medium-term technical indicators have returned to normal levels, while the daily chart level has even entered the overbought zone, which may signify further upside potential. Traders need to pay attention to the support level range of 3650-3700, and breaking through the resistance level of 3800-3900 could trigger a new round of increases.
Although technical indicators provide us with important market insights, investors still need to act cautiously, taking into account fundamental factors and overall market sentiment. In this rapidly changing market, it is crucial to adjust strategies in a timely manner and maintain flexibility.