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The current Crypto Assets market is showing a volatile trend, with Bitcoin prices retreating after reaching the important resistance level of $107,800. From a technical perspective, long positions momentum is weakening, and the MACD indicator on the short-term chart is showing a bearish divergence. These signs suggest that the pump momentum may have been exhausted, and the market could face a correction.
Based on the current market analysis, we believe that Bitcoin may have formed a short-term top. Investors should closely monitor the upcoming pullback market, especially the short-selling opportunities that may arise around the $108,000 resistance level. If this assessment holds, the Bitcoin price may fall to around $106,000.
At the same time, Ethereum is showing a similar trend. Around the $2,500 mark, market participants may consider establishing short positions, with an expected target price near $2,350.
However, we must emphasize that the Crypto Assets market has always been highly volatile. Investors should conduct a comprehensive risk assessment and establish strict risk management strategies before making any trading decisions. In addition, market conditions change rapidly, making it crucial to stay informed about the latest developments and changes in technical indicators.