Recently, the Crypto Assets market has experienced notable Fluctuation. According to industry observers, the current trend of Bitcoin (BTC) could have a significant impact on the entire Crypto Assets ecosystem.

Professional trader Eugene Ng Ah Sio pointed out that the BTC price is hovering between $112,000 and $120,000, which has become the focus of the market. He emphasized that Bitcoin needs to show strong momentum in the short term in order to maintain its current upward trend.

It is noteworthy that the momentum of other digital assets in the market is gradually weakening, which makes Bitcoin's performance even more critical. Analysis shows that if BTC can regain the $120,000 mark, it may drive Ethereum (ETH) to break through the $4,000 threshold, maintaining a BTC/ETH exchange rate of about 0.03.

However, if Bitcoin cannot break through the current range, the market may fall into a state of fluctuation, posing challenges for both long and short traders. It is particularly important to be cautious as a drop of BTC below the support level of $112,000 may break the long-term bullish market structure.

This analysis provides important decision-making references for investors and market participants. In the current uncertain market environment, closely monitoring the fluctuations of these key price levels will help to better grasp market trends and potential investment opportunities.

As the Crypto Assets market continues to develop, this meticulous price analysis and market insight becomes increasingly important. Investors need to weigh multiple factors, including technical analysis, market sentiment, and the macroeconomic environment, to make informed investment decisions.