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Recently, the Crypto Assets market has shown a volatile upward trend, with Bitcoin and Ethereum exhibiting distinct performances. From the four-hour chart analysis, Bitcoin has been slowly rising amidst alternating bullish and bearish conditions, reflecting intense competition between the bulls and bears. Although there has been a slight pullback, the overall trend remains near the upper band of the Bollinger Bands, indicating that the upward trend has not changed.
In comparison, Ethereum's overall performance appears to be stronger. From its four-hour chart, it can be observed that the Bollinger Bands are in an upward opening state, a technical indicator suggesting that bullish strength is slightly dominant. This phenomenon also aligns with the views of market analysts.
Based on the current market situation, investors may consider establishing long positions when the Bitcoin price approaches the range of 114200 to 114700, with a target price set near 116000. For Ethereum, entry opportunities can be sought in the price range of 3620 to 3650, with a target price aimed around 3720.
It is worth noting that Ethereum ETF products have performed well recently, showing net inflows for 12 consecutive weeks. This continued inflow of funds may have a positive impact on the price trend of Ethereum, and investors might consider this factor when formulating trading strategies.
However, the crypto assets market has always been highly volatile, and investors must be cautious when participating in trading, manage risks properly, and adjust strategies in a timely manner according to market changes.