Recently, the Crypto Assets market has shown characteristics of a technical adjustment. The volume breakout on the weekly chart has brought considerable room for rise to the market, but due to the lack of sufficient correction process, it is quite normal to enter an adjustment period at this time.

The daily chart shows a shift from a continuous rise to a downward correction, which more indicates a temporary stagnation in the market rather than a trend reversal. Overall, the bullish trend still dominates, but the market may experience a period of volatility for several days.

In the short term, the rebound has not shown a significant pullback, indicating that the resistance above has not been fully validated. It is expected that there is still room for downside in the upcoming trading days. During this bullish correction and oscillation phase, investors may consider both long and short positions, but it is advisable to prioritize a long strategy that follows the trend during pullbacks.

For Bitcoin, consider establishing long positions in the range of $116,800 to $117,000, with a target price of $119,000. For Ethereum, the range of $3,680 to $3,710 may present a good buying opportunity, with a target price of $3,800.

It is worth noting that market trends are influenced by multiple factors, and investors should closely monitor market dynamics and adjust their strategies in a timely manner. At the same time, the Crypto Assets market is highly volatile, and investors must operate with caution and manage risks effectively.