The Crypto Assets market has recently shown a trend of consolidation and volatility. Bitcoin (BTC) quickly retreated to the support level of $117,000 after reaching a high of $119,200 yesterday, and now it has once again crossed the $119,000 mark. This repeated oscillation indicates that the market's long positions remain strong.

In the short term, if BTC can break above the resistance level of $121,000, it is expected to continue to create new highs. However, if it fails to break this key level, it is anticipated to continue consolidating within the current range. Investors may consider implementing a strategy of buying low and selling high between the upper and lower bands.

From the 4-hour chart, the BTC price is currently operating above the midline. Although it has tested lower levels multiple times, it has been able to effectively recover each time. This trend indicates that the long positions are still strong, and there is a gradual upward trend in price. However, the resistance above remains significant, and it is advisable to maintain a cautiously optimistic attitude in the short term, with a strategy focused on buying the dips.

For Ethereum (ETH), the current support range is between $3,580 and $3,630. If it breaks through, it may reach around $3,780 to $3,880.

Overall, the Crypto Assets market is currently in a critical consolidation phase. Investors should pay close attention to market trends and remain rational and cautious when making investment decisions. At the same time, it is also important to note that the global macroeconomic situation and regulatory policies may impact the Crypto Assets market.