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Recently, the cryptocurrency market has seen new changes. The significant downward revision of US Non-farm Payrolls (NFP) has become a key turning point for the market, which directly propelled the rebound of US stocks and also boosted the positive performance of the cryptocurrency market. The market's expectation for liquidity easing has significantly strengthened, providing some favourable support for crypto assets.
In terms of Bitcoin, after a brief dip yesterday, it successfully rebounded and has filled the gap around $1130 at the Chicago Mercantile Exchange (CME). This indicates that Bitcoin may be entering a phase of stabilization.
For the operational strategy regarding Bitcoin, investors may consider establishing long positions in the range of $1122-$1135. Target price levels can focus on the range of $1155-$1165. If a strong breakout above $1165 occurs, the next target may extend to around $1180.
The performance of Ethereum is also worth paying attention to. Investors may consider establishing long positions in the range of $3520-$3565, with an initial target looking towards $3650-$3690. If this range is broken, it could further challenge the high point of $3720.
It is important to note that the crypto assets market is highly volatile, and investors should fully consider risk factors when making decisions, manage their positions reasonably, and pay attention to market dynamics and policy changes in a timely manner.