Recently, the crypto assets market has shown a strong pump momentum, with major coins Bitcoin and Ethereum both reaching new highs. However, after breaking through historical peaks, the market has experienced a certain level of pullback and consolidation.



In terms of Bitcoin, there has been a significant pullback after reaching a new high. This adjustment shows characteristics of a volume contraction pullback, indicating that market selling pressure is not heavy. This can be interpreted as a natural correction process after hitting a new high, and the main funds may be digesting previous profit chips through fluctuations to build momentum for possible further upward moves in the future. However, investors also need to be cautious, as a break below key support levels could trigger a deeper pullback.

Ethereum's performance has been more active, showing a trend of breaking new highs after a range-bound fluctuation. After a brief dip, Ethereum quickly broke through the important resistance level of 4730 USD and once touched near 4800 USD. Although there was a pullback afterwards, the bottom support remains strong, indicating that it may continue to maintain a rising trend in the short term.

For traders, it is necessary to be particularly cautious in this market situation. Bitcoin can be considered for establishing long positions near specific support levels during pullbacks, but reasonable stop-losses should be set. Similarly, Ethereum can also be considered for going long when it pulls back to key support levels, but strict risk control is also required.

It is worth noting that the Crypto Assets market is highly volatile, and investors should always pay attention to market trends, manage risks appropriately, and avoid blindly chasing highs or using leverage. At the same time, one should be alert to sudden market movements and adjust strategies in a timely manner. In this market full of opportunities and risks, rationality and caution are always the keys to success.
BTC0.42%
ETH0.46%
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failed_dev_successful_apevip
· 45m ago
If you can't keep up with the market, just watch the show here.
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EthMaximalistvip
· 15h ago
The floor smells really good! Let's go go go!
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ZKSherlockvip
· 08-14 11:46
actually... market behavior perfectly aligns with nash equilibrium theory tbh
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CryptoCross-TalkClubvip
· 08-14 11:44
Suckers are played for suckers again after being harvested. The market makers have left, and only then do you come in.
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ColdWalletGuardianvip
· 08-14 11:43
Stop loss will only make you lose more!
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GasFeeNightmarevip
· 08-14 11:40
Both fall and rise, who can withstand it?
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MEVHunterXvip
· 08-14 11:37
Who is still taking the elevator? All in, charge!
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FromMinerToFarmervip
· 08-14 11:24
Feeling anxious, just waiting for the fall below the support line.
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