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As the new trading week begins, the Crypto Assets market shows positive signals. Bitcoin (BTC) is currently exhibiting a Rebound after experiencing a fall over the weekend. From the 4-hour Candlestick Chart, the previous downtrend has gradually faded, giving way to a potential upward breakout.
The price of Bitcoin has shown a robust rebound after touching the lower Bollinger Band, and is now steadily approaching the middle band, indicating preliminary upward momentum. Considering that the market usually requires a certain degree of correction after a continued fall over the weekend, the focus on Monday will be on observing the performance of the bullish forces.
For specific price targets, Bitcoin may look for support in the range of 112,600 to 113,300. If it breaks through this range, the next target price may be between 115,000 and 116,000.
Ethereum (ETH) also exhibits a similar pattern. It may look for support in the range of 3,400 to 3,450, and if it can break through this range, the next target price may be between 3,550 and 3,580.
However, investors should keep in mind that the crypto assets market is highly volatile, and price trends can change rapidly. Before making any investment decisions, it is essential to conduct thorough research and risk assessment.