Recently, the crypto assets market has experienced a period of fluctuation. After hovering at high levels for nearly two weeks, Bitcoin has seen a slight pullback influenced by the performance of U.S. stocks and policy news. The Ethereum market, on the other hand, experienced a more severe fluctuation, resulting in losses for both long and short positions, with long orders getting liquidated amounting to as much as $810 million, while short orders faced liquidations of $140 million.

This pullback is viewed by many analysts as a normal adjustment in the early stages of a bull market, aimed at clearing short-term speculative positions in preparation for the next round of increases. Nevertheless, the overall market trend is still considered healthy, and investors should not develop excessive pessimism about it.

Market participants need to closely monitor the following important events: the release of the weekly unemployment benefit data in the United States, and the planned visit of a key political figure to the Federal Reserve. These events may have a short-term impact on the market.

From a technical perspective, the Bitcoin daily chart shows a recent trend of fluctuation, with prices oscillating around the 7-day moving average. The 4-hour chart indicates that prices are still operating within the Bollinger Bands, with multiple candlesticks showing lower shadows, suggesting some buying support. The Bollinger Bands are exhibiting a narrow range, with various moving averages intertwining near the middle band, and this range-bound fluctuation pattern has not yet been broken.

For short-term traders, it is advisable to continue monitoring the Bollinger Bands range on the 4-hour chart as an operational reference. Although there have been some signs of market reversal, the current fluctuation trend is still testing investors' patience. It is recommended that investors maintain a range trading strategy while also being mentally prepared for potential trend changes.

It is worth noting that the market sentiment indicator shows that it is currently in a state of greed, with the long to short ratio on the 4-hour chart being close to balanced, slightly leaning towards the short side. This indicates that market participants have differing views on the short-term trend.

In terms of hot news, an organization called The Ether Machine holds about 170,000 Ether, surpassing the well-known exchange Coinbase, becoming the fourth largest institution in terms of Ethereum holdings. Meanwhile, a large asset management company is revising its Bitcoin ETF application to allow for physical redemptions and creations, which could impact Bitcoin's liquidity.

Overall, although the market may continue to fluctuate in the short term, the long-term trend is still considered upward. Investors should remain vigilant, paying attention to important support and resistance levels, while closely monitoring macroeconomic events and policy changes that may impact the market.