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As the US stock market is about to open, let us take a deep dive into the current trends in the Crypto Assets market and potential investment opportunities.
Bitcoin (BTC) is currently showing a relatively clear daily trend, oscillating in the range of 115,000 to 120,000. This price range provides investors with an ideal low buy and high sell opportunity. For those seeking to enter the market, 116,000 to 117,000 may be a better buying point, while setting the stop-loss at 115,000. If the market performs well, the target price can be set between 118,500 and 120,000.
Ethereum (ETH) has recently shown significant volatility, largely influenced by ETF approvals and the continuous influx of institutional funds. The market leaders seem to be conducting obvious wash trading, causing ETH to oscillate repeatedly within the range of 3,300 to 3,800, which can be seen as a normal market adjustment. Currently, 3,580 to 3,600 may be a relatively safe buying point, and it is recommended to set the stop-loss at 3,500, with the target price set between 3,700 and 3,800.
In the current market environment, adopting a left-side trading strategy may be wiser. This means boldly experimenting at low levels and considering increasing positions only after the right-side trend is confirmed. It is worth noting that once the market explodes, the potential returns could be quite substantial.
However, the Crypto Assets market is changing rapidly, and accurately grasping market signals is crucial. Only then can investors buy the dip at the right time and benefit from it. In this wave of potentially upcoming big market movements, staying vigilant and flexible will be the key to success.
Remember, market analysis and investment strategies are for reference only. Actual operations should also consider personal risk tolerance and real-time market conditions when making judgments. In a highly volatile market like Crypto Assets, it is always wise to remain rational and cautious.