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The crypto assets market is experiencing fluctuations again. Bitcoin (BTC) briefly reached a high of $120,300 early this morning but failed to maintain the pump momentum, subsequently falling back to around $119,000. Currently, the BTC price continues to oscillate near the $120,000 mark, with significant pressure still evident above.
Market analysts indicate that if Bitcoin cannot firmly stabilize above $120,000, investors may consider a strategy of shorting at high levels and longing at low levels. Specifically, shorting could be considered in the range of $120,000-$121,000, with target price levels of $119,000-$118,000, and a stop-loss level set at $120,900.
Meanwhile, Ethereum (ETH) shows significant catching-up potential. Analysts suggest considering going long when ETH pulls back to the $3,650-$3,670 range, with a target price of $3,750-$3,800 and a stop-loss set at $3,600.
It is worth noting that the Crypto Assets market experiences significant Fluctuation, and investors should operate cautiously and manage risks effectively. Moreover, market conditions change rapidly, and investment decisions need to be made based on the latest market dynamics and individual risk tolerance.