Recently, market sentiment has been positively influenced by expectations of a Fed interest rate cut, leading to a rise in the crypto assets market. The speech by Fed official Daly has become a key factor, as she clearly stated that interest rate cuts will start soon and hinted that there may be multiple cuts within the year. This signal resonates with the resignation of Kugler, further boosting market confidence.

Bitcoin has performed impressively, stabilizing around a price of 1150 USD and entering a phase of high-level consolidation. The technical indicators show that Bitcoin is in a fluctuating upward trend, breaking through several key resistance levels. The daily chart presents positive signals, with short-term momentum strengthening; the 4-hour chart shows that the upward channel remains intact, and bearish sentiment has eased somewhat. Currently, the 1-hour level shows that the price is building momentum below the strong resistance of 1158 USD. If it can break through the strong resistance near 1168 USD and hold above it, the rebound trend is expected to continue, re-establishing the upward trend.

Ethereum also performed excellently, with the moving average system forming a golden cross, and the price strongly breaking through the key resistance level of $3685 on the daily chart. Investors need to closely monitor the performance of the support level at $3673. If the price holds steady in this support area on the four-hour chart, it will further confirm the continuity of the short-term bullish pattern, laying the foundation for further upward movement.

For Bitcoin, it is suggested to consider going long around $1145, with a stop loss set at $1135 and a target price around $1155. If it breaks above $1160, further upside can be expected.

It is worth noting that Binance CEO Zhao Changpeng (CZ) warned that major economies that fail to keep up with establishing encryption reserves may face competitive disadvantages. This view reflects the growing importance of Crypto Assets in the global financial system.

Overall, the current Crypto Assets market shows a positive trend, but investors still need to operate cautiously and closely monitor market changes and potential risks.