🎤 Cheer for Your Idol · Gate Takes You Straight to Token of Love! 🎶
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The Crypto Assets market has recently shown a high degree of Fluctuation, with various major coins performing differently.
Bitcoin (BTC) is once again attempting to break through the resistance range of $121,800 to $122,500 after a brief adjustment, but has not succeeded. Subsequently, the price has retreated to the support level of $120,000 and has shown a rebound. Currently, BTC is in a key area of contention between bulls and bears. In the short term, $120,000 remains an important support level; if this level is breached, it could further retrace to the range of $118,800 to $118,000, and may even test the support at $117,000. However, as long as the support level of $120,000 is not broken, the short-term trend still leans towards rising. The upper resistance level is in the range of $122,500 to $123,300. If this area is broken, BTC may challenge new highs in the range of $126,000 to $128,000.
Ethereum (ETH) has recently shown remarkable upward momentum. The price quickly rebounded after touching the support level of $4,613. Next, attention should be paid to the support range of $4,613-$4,560. If this range is broken, a further pullback to around $4,500 may occur. However, if it can hold steady in the $4,600-$4,560 range, ETH may attempt to rally again. The current main resistance level is at $4,800-$4,880, and once broken, the $5,000 mark may come quickly.
Solana (SOL) is also showing strong upward momentum, with the recent surge reaching a resistance level of $205. This price point will be key to whether SOL can continue to move upwards.
Overall, the Crypto Assets market is at a critical turning point. Investors should closely monitor the performance of various support and resistance levels, while also paying attention to changes in market sentiment and ensuring proper risk management.