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Recently, the Crypto Assets market has experienced significant Fluctuation, with Bitcoin briefly falling to 112000 this morning before showing a Rebound. It is noteworthy that most alts have demonstrated a clear Rebound momentum.
Analysis suggests that Bitcoin still has some room before reaching the top of this rebound. Investors should closely monitor the following key resistance levels: Bitcoin 116000, Ethereum 3530-3550, Solana 170.
Looking ahead to next week's market, two possible scenarios may occur:
1. The Asian market reached the aforementioned resistance zone ahead of schedule, and then under the influence of the decline in U.S. stocks, Bitcoin fell again to the important support level of 110000-109000. The subsequent trend will depend on the performance of this support level.
2. The Asian market fluctuates or slightly rises, while the US market experiences a V-shaped rebound due to increased expectations of interest rate cuts, driving Bitcoin to break through the resistance zone and retrace to the 118000 range.
Currently, the market tends to favor the likelihood of the first scenario occurring. Therefore, investors holding long positions at the bottom above 115000 may consider taking moderate profits.
In the long run, the market expects that the real bottom may appear around the end of August or early September this year. Investors need to be patient, closely monitor market changes, and adjust their investment strategies in a timely manner.