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Recently, the Crypto Assets market has shown a new development trend. After three days of consolidation, the Bitcoin price has gradually broken free from the fluctuations and exhibited an upward momentum. Following a brief adjustment around $107,400, Bitcoin has made a strong push again, breaking through the $108,000 mark, and is currently consolidating at a high around $108,100. This price movement indicates that the market's bullish and bearish forces have once again switched.
From a technical perspective, the four-hour candlestick chart shows that the bullish trend has somewhat recovered. The price has retraced to $107,400 after reaching $108,500, but has not broken below the EMA15 trend support level. Although the MACD indicator has shown a decrease in volume, the DIF and DEA lines are still in a divergent state above the zero axis. If a golden cross forms, it may indicate a breakthrough of previous highs; conversely, a quick retracement cannot be ruled out.
For short-term traders, there are some key price levels to pay attention to in the current market. Bitcoin may face resistance around $108,500, with support below at $107,000. At the same time, Ethereum (ETH) also has potential resistance near $2,540, with support around $2,450.
Overall, the Crypto Assets market is at a critical turning point. Investors should closely monitor the price movement and changes in technical indicators, while weighing risks and making cautious decisions. As market sentiment continues to fluctuate, the trends in the coming days will have a significant impact on the short to medium-term trend.