This Thursday, the Crypto Assets market showed a volatile upward trend, with Bitcoin and Ethereum both demonstrating strong rebound momentum.

The intraday trend of Bitcoin initially declined before rising. During the Asian trading session, the price briefly dipped to around 105,000 dollars before quickly stabilizing and rebounding, then gradually recovering losses and standing firm at the 107,000 dollar mark. After the release of the US ADP employment data, Bitcoin's upward momentum accelerated, breaking through several key resistance levels, peaking at 109,700 dollars, before slightly retreating.

The trend of Ethereum is highly consistent with that of Bitcoin. The early session was mainly characterized by consolidation and fluctuations, while in the evening, buying pressure increased, leading to a continuous price surge, reaching a high of 2588 USD, with an intra-day volatility of about 200 USD.

From a technical perspective, the 4-hour chart shows that the Bitcoin price candlesticks have consecutively formed six bullish candles, strongly breaking through the middle band resistance of the Bollinger Bands, establishing a market pattern dominated by bulls. During the upward movement, the trading volume has significantly increased, indicating a rise in market participation, which provides support for the continuation of the trend. The MACD indicator shows that the green momentum bars are continuously expanding, with the double lines diverging upwards after a golden cross above the zero line, reflecting the strengthening of bullish momentum.

However, the RSI indicator has entered the overbought zone, suggesting that short-term market sentiment may be overheated, and investors should be wary of the risk of a pullback. In light of this, it is not advisable to chase prices blindly; it is better to wait for a price correction and stabilization before considering establishing long positions.

For interested investors, it is advisable to consider establishing long positions in the Bitcoin range of $108,300 to $108,500, with a target price set at $110,700. For Ether, attention can be focused on the range of $2,530 to $2,550, with a target price of $2,650.

Please note that the crypto assets market is highly volatile, and investors must manage risks carefully and operate prudently according to their own risk tolerance.