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#BTC# According to the latest Technical Analysis, the Crypto Assets market is showing positive pump signals. After the appearance of a doji Relay pattern on the weekly chart, the market continues to break new highs, indicating that the long positions trend is still ongoing.
In terms of Bitcoin, the current market structure supports a continued bullish outlook. The technical analysis shows that long positions are expected to further break through key levels, releasing more upward momentum. Investors may consider building positions within the range of 116500 to 117000, with an upward target price between 118000 and 118700.
Ethereum also shows a bullish trend. It is recommended to pay attention to buying opportunities between 3690 and 3670, with a potential target range of 3750 to 3800.
Overall, the market is still dominated by long positions, and long-term investors may consider following this trend for allocation. However, it is important to remind that the crypto assets market is highly volatile, and investors should carefully assess risks and allocate assets appropriately.
As market sentiment continues to improve, we may see more capital flow into the Crypto Assets space. However, investors should also pay attention to changes in the global economic situation and regulatory environment, as these factors could have a significant impact on the market.