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The Bitcoin market has recently shown strong momentum, breaking through the 120,000 mark again this afternoon, while Ethereum has even reached a high of 4,700. This trend undoubtedly encourages investors, but it is also important to remain calm and rational.
In terms of Bitcoin, the current price is approaching the key resistance level of 121,000. Investors should closely monitor this level and make corresponding strategy adjustments. Based on the current trend, it is recommended to look for long opportunities in the range of 120,200 to 119,800, with target price set between 121,400 to 123,500. If this range can be breached, there is potential to challenge 126,000. However, one should also be cautious of possible false breakout situations; if a pullback occurs, it is essential to focus on the support level between 118,600 to 117,700.
In terms of Ethereum, its performance is even more impressive, just a step away from its historical high. The trading recommendation for Ethereum is to seek long opportunities in the range of 4,650 to 4,578, with target prices set between 4,765 and 4,800.
Overall, although the market shows positive signals, investors still need to remain vigilant and manage risks effectively. Adopting a right-side trading strategy at key positions can capture potential upward opportunities while effectively controlling downside risks. Closely monitoring market trends and flexibly adjusting strategies will be a wise move in the near future.