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Recently, the cryptocurrency market has experienced a pullback, but it seems to have reached a key support level. Although the technical structure on the daily chart looks quite solid, the market may still see another minor high to confirm whether 123000 is a short-term top.
For Bitcoin, we need to closely monitor several important upward targets. These targets are 115000, 117500, 119000, and 123000 in order. Each price level could become an important resistance or breakout point.
Ethereum is also worth paying attention to, with potential upward targets including 3650, 3750, 3850, and 4000. These levels may play an important role in future trading.
Despite the market experiencing a pullback, the confidence of long-term investors seems to remain unwavering. The current price levels may present an attractive entry opportunity for those who believe in the long-term prospects of encryption.
However, investors should also be cautious of the potential impact of external factors on the market. For example, changes in geopolitical situations or policy adjustments in major economies could have a significant effect on the encryption market.
Overall, although there may still be fluctuations in the short term, the market seems to be preparing for the next potential upward movement. Investors should remain vigilant, closely monitor the performance of these key price levels, and develop their trading strategies in conjunction with the macroeconomic situation.