Yesterday, the Crypto Assets market experienced some fluctuations. The Bitcoin price reached a peak of around 113,500/4,030 USD, and the market reacted to the expectations of interest rate cuts as anticipated, rising first and then falling.

In the early hours, after Bitcoin fell below the $110,000 threshold, the market saw active buying. Currently, the price has returned above $110,000, but the hourly chart shows a continued downward shift in focus. The head-and-shoulders pattern is basically complete, and there is limited upward space in the short term. Investors should closely monitor the support level at $110,000; if it stabilizes at this position, a reversal trend may occur.

The price of Ethereum is currently hovering around the Fibonacci retracement level of 38.2%. With the trading volume declining, the volume on the hourly chart has significantly shrunk. Current technical indicators show oversold conditions, indicating potential divergence risks. It is recommended to pay attention to the support near $3850. If the pullback does not break this level, consider buying on dips.

For Bitcoin, the pullback target range is $110,000 to $110,500, with the upward target being $111,500 to $113,000, and the important defense level at $109,500. As for Ethereum, the pullback target is $3,850 to $3,900, with the upward target being $4,000 to $4,100, and the key defense level at $3,820.

Investors should closely monitor market trends, reasonably control risks, and make investment decisions based on their own risk tolerance. The Crypto Assets market is highly volatile, and it is advisable to maintain a cautious attitude and participate moderately.