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Bitcoin fell from around $119,000 to $118,000 earlier today, then quickly rebounded, breaking through the $122,000 mark. Currently, Bitcoin is still maintaining a strong pump momentum, and the market is following whether it can break through the $123,000 level.
Analysts point out that Bitcoin is currently in a strong bullish phase and advise investors to follow the trend. In the short term, Bitcoin is expected to fluctuate between $121,000 and $121,500. If it can break through, it is likely to challenge the range of $123,000 to $135,000.
Meanwhile, Ethereum is also showing a positive trend. Analysts expect that Ethereum may seek support in the range of $3150 to $3230, and if it breaks through this range, the next target price could be between $3360 and $3500.
However, investors should remain cautious and closely follow market trends. The cryptocurrency market is highly volatile, and prices can experience significant fluctuations in a short period. It is recommended that investors thoroughly assess risks and conduct in-depth research before making any investment decisions.