This Thursday, the crypto assets market showed strong pump momentum once again. Bitcoin (BTC) broke through the $119,400 mark during the Asian trading session, setting a new recent high. Meanwhile, Ether (ETH) also performed well, reaching a high of $4,378, demonstrating the solid performance of long positions.

From a technical perspective, BTC shows positive signals on the 4-hour chart. The MACD indicator maintains a golden cross status, and the medium-term upward trend remains solid. The Relative Strength Index (RSI) is as high as 89, in the strong buying zone, reflecting an optimistic market sentiment. However, investors should also be wary of short-term risks, as the MACD indicator on the 1-hour chart shows initial signs of a death cross, combined with profit-taking pressure, which may lead to fluctuations and adjustments in the short term.

Based on the current market environment, investors may consider adopting a range trading strategy and look for long positions during pullback opportunities. Specific operational suggestions are as follows:

For Bitcoin, look for entry opportunities in the range of $11,750 to $11,800, with a target price set at the $120,000 mark.

Regarding Ethereum, it is recommended to position long positions in the range of 4,330 to 4,350 USD, with target prices set at 4,450 to 4,500 USD.

It is worth noting that recent market fluctuations may be influenced by multiple factors, and investors should closely monitor the global macroeconomic situation and changes in regulatory policies to adjust their investment strategies in a timely manner. At the same time, remember the importance of risk management and set reasonable stop-loss levels to protect investment capital.

The cryptocurrency market is constantly changing. This analysis is for reference only and does not constitute investment advice. Investors should make careful decisions based on their own risk tolerance and investment objectives.