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The crypto assets market performed steadily today, with Bitcoin maintaining a sideways consolidation at a high level. However, as night falls, there is a slight pullback trend in the market.
For Bitcoin, $106,700 has become the key support level for tonight. If BTC can stabilize above this level in the next 1-2 hours, we can expect this minor pullback to come to an end, and the market is likely to re-enter an upward channel. In this case, we can set our sights on the earlier high of $108,240 reached earlier today. Once this level is broken, the market will face a series of resistance levels at $108,900, $109,700, and $110,330.
However, if the BTC price falls below $106,700, this may indicate an increase in upward pressure, and the market may continue to pullback. In this case, we need to closely monitor the support situation at $106,750. If this level holds, we might see a rebound in the short term; on the contrary, if this support level is breached, the market could further drop to support levels such as $105,740, $104,630, and $103,190.
Turning to Ethereum, tonight's key level is $2450. We can only consider the current minor pullback to be over if ETH stabilizes above this level within 1-2 hours, and the market will continue to move upward. In this case, we need to pay attention to resistance levels such as $2488, $2520, and $2546.
If ETH cannot stabilize above $2450, we may see a synchronous pullback on the 1-hour, 2-hour, and 4-hour charts. At this time, investors should pay attention to support levels such as $2416, $2388, and $2353.
Overall, the current market is at a critical turning point. Investors should closely monitor the changes in these key price levels, as well as the market's reaction at these positions, in order to formulate corresponding trading strategies. At the same time, considering the high volatility of the Crypto Assets market, investors should also be prepared for risk management and set reasonable stop-loss levels.