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Today, an in-depth analysis was conducted on the market trends of Bitcoin ( BTC ) and Ethereum ( ETH ). Bitcoin has shown a rebound after a slight pullback, with a key resistance level currently at 113500. If it can break this level, it is expected to challenge the high point around 116000. Ethereum, on the other hand, shows a more positive trend, with a short-term trend turning. As long as the price remains above 4060, the upward momentum remains strong. The recent support level is around 4162, while the resistance above is expected at 4480.
Investors should keep a close eye on the important speech tonight that may impact the market. Although the overall trend of Ethereum is bullish, it is still necessary to be vigilant about the significance of the 4162 support level.
For Bitcoin, the current 112500 is a key level, and if it can effectively break through, the next target will point to around 115000. For Ethereum, 4210 and 4170 are important reference points, and after a breakthrough, it is expected to challenge the 4450 area.
Market participants should closely monitor these key price levels while considering macroeconomic information to make informed investment decisions. The cryptocurrency market is rapidly changing, and managing risk effectively is crucial.