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Today's Crypto Assets market dynamics are drawing attention. Bitcoin (BTC) experienced a pullback of about 3% as expected, with the price dipping to around $114,000, just touching the 30-day moving average. Ethereum (ETH) is also showing a similar trend, with the price approaching the $3,200 level.
This pullback has come quite timely, providing a potential entry opportunity for investors who have been on the sidelines. It is worth noting that despite the market adjustment, Bitcoin ETFs still recorded a capital inflow of $100 million, indicating that institutional investors' confidence remains strong.
However, market participants should be wary of potential fluctuations over the weekend. Since institutional investors are usually inactive on weekends, if retail investors engage in panic selling, the price of Bitcoin may further dip to around $110,000.
In the coming days, the market is likely to continue showing slight pullbacks and fluctuations. For investors who missed the entry opportunity earlier, this may be a rare chance. It is advisable to closely follow market stabilization signals and participate at the right time.
Overall, the current market environment is both challenging and full of opportunities. Investors should remain vigilant, analyze market trends rationally, and seize potential investment opportunities. At the same time, it is essential to always be aware of the high-risk characteristics of the crypto assets market and to manage risks effectively.