Recently, the Crypto Assets market has shown a strong pump trend, particularly the performance of Bitcoin, which is noteworthy. Unlike previous short-cycle bull runs, this round of rise exhibits more persistent characteristics, without significant depth pullbacks.

From a technical analysis perspective, the daily chart shows that the price is forming a bullish trend with a large upward candlestick. The previous adjustment has ended, and we have now entered a clear bull phase. The trading volume is increasing, the moving averages are diverging upwards, and the bullish trend is evident.

The four-hour chart shows that the price channel continues to develop upwards. Although there was a brief pullback during this period, it did not change the overall upward trend. A breakout above the previous high will signal the start of a new rise.

Market analysts suggest that investors consider establishing long positions in the range of $123,200 to $123,600, with a short-term target price between $124,800 and $125,300. Looking further ahead, Bitcoin is expected to challenge the key price level of $130,000.

It is worth noting that the current market sentiment is generally optimistic, with Bitcoin performing strongly and other mainstream Crypto Assets also showing a phenomenon of rotating pump. Altcoins like Ethereum may also create new highs in the near future.

However, investors still need to be cautious and closely monitor market trends and potential risk factors. Although the current trend is positive, the high volatility of the Crypto Assets market still exists, making reasonable risk management strategies essential.