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The crypto assets market is at a critical moment, and Bitcoin and Ethereum may soon face an important market turning point. Recently, Bitcoin has been testing the resistance level around $123,000, seemingly under pressure, but in reality, this may be the market maker assessing the strength of the resistance level. Large funds seem to be preparing for a future pump.
As the Consumer Price Index ( CPI ) data is about to be released on Friday, the market expectations may lean towards a bearish outlook. This could increase investors' bets on interest rate cuts. If a rate cut is indeed realized in September, the Crypto Assets market is likely to usher in a wave of pump.
For Ethereum, around $4,280 may be a good entry point. If a deeper pullback occurs, around $4,160 may provide a second entry opportunity. It is recommended to set the stop-loss at $4,050.
Accordingly, the entry points for Bitcoin may be around $1,108 and $1,088. Investors should consider a phased building strategy.
This bullish market may last until 2025, potentially becoming the last major pump wave. The target price levels for Bitcoin and Ethereum may approach or even surpass historical highs.
However, investors should keep in mind that the Crypto Assets market is highly volatile and risky. Before making any investment decisions, it is essential to conduct thorough research and risk assessment. At the same time, it is important to closely monitor changes in the global economic situation and regulatory environment, as these factors can have a significant impact on the Crypto Assets market.