The crypto assets market has been in turmoil recently, and the trends of Bitcoin (BTC) and Ethereum (ETH) have garnered widespread attention from investors. According to the latest analysis, BTC seems to be facing the possibility of dipping again to $118,000. If it falls below this price level, it may initiate a new bottoming process, followed by a potential rise led by long positions. However, market sentiment remains cautious, and even experienced traders are hesitant to engage in shorting to avoid potential rebound risks.

In day trading, the key support levels for BTC are $118,088, $117,188, and $116,088, with $117,188 considered a relatively strong support point. It is worth noting that $116,088 was the starting point of a significant previous rise, which may have important psychological significance. On the upside, $120,000 and $121,300 are seen as important resistance levels.

Meanwhile, ETH is also facing similar price challenges. $4,208 is seen as a potential short-term low point, while $4,088 is a key level that has yet to be reached. Lower support levels include $3,968 and $3,500, but for the latter, market participants seem generally cautious and are unwilling to easily adopt aggressive buying strategies.

Overall, the current Crypto Assets market is at a critical technical position, and investors need to closely follow the changes in these key price points to seize potential trading opportunities. However, given the high volatility of the market, maintaining rationality and caution remains crucial.