Recently, the Crypto Assets market has experienced significant fluctuations, with price movement resembling a roller coaster. After a brief fall, the market has rebounded, catching many investors off guard.

The latest market data shows that after a rapid surge, there has been a slight correction, and the market is currently in a narrow fluctuation state. This phenomenon is typically regarded as a normal adjustment process following significant fluctuations.

From a technical analysis perspective, although there has been a certain degree of Rebound in the short term, it is not enough to change the overall bearish price movement. On the daily chart, the Bollinger Bands have not shown any clear signs of turning, the highs are still declining, and it has failed to break through the previous highs. These factors all suggest that there is still downward pressure in the market.

The four-hour chart shows a typical "W" shape, facing significant pressure on the upper side. At the same time, the short-term moving averages are showing a downward trend, and the KDJ indicator has also begun to turn downwards. These technical indicators all suggest that the market's upward space may be limited in the short term.

According to the current market situation, if there is significant fluctuation in the coming period, the possibility of a downward movement is relatively high. Investors can pay attention to 1130 as the first important support level. If it falls below this level, it may further probe down to around 110,000. For investors looking to enter the market, they can consider seeking opportunities around 1170.

As the US stock market is about to open, the market may face new variables. Investors should closely monitor the price movement of US stocks for potential impacts on the Crypto Assets market, while remaining cautious and managing risks.