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In the latest developments in the Crypto Assets market, Bitcoin (BTC) and Ethereum (ETH) are showing completely different trends.
Bitcoin is currently showing a relatively weak rebound trend. Although it has stabilized around $11,600, the upward momentum seems to be slightly insufficient. In the short term, investors should closely monitor the breakout situation at the $11,700 level, as this may affect the subsequent trend. If it can break through, the next resistance level will be in the range of $11,950 to $12,000. For investors who are optimistic about BTC's prospects, they may consider establishing long positions around $11,550.
Meanwhile, Ethereum has once again demonstrated strong upward momentum, successfully breaking through previous highs and initiating a remarkable second rebound. Market analysts generally believe that ETH is expected to soon reach the $4,100 high set last year. Given that the cryptocurrency market typically experiences less volatility during the weekend, investors may not need to wait too long for pullback opportunities. For traders looking to enter the market, establishing long positions near $4,000 could be a strategy worth considering.
However, it is important to note that the Crypto Assets market is traditionally highly volatile, and investors should carefully assess risks before making any decisions, and develop appropriate trading strategies based on their own risk tolerance and investment objectives.