Recently, the Crypto Assets market has once again experienced a strong pump, attracting the attention of investors. Bitcoin has seen a pullback after a brief peak and is currently hovering around the price of $11,770. Although short positions have attempted several times to break through the downward channel without success, from an hourly perspective, the current price is running near the lower band of the Bollinger Bands, and a clear resistance has formed above, which is a typical technical pattern during a consolidation process.

The inability to sustain the upward momentum during the night period indicates that the bullish forces are currently in a temporary accumulation phase. This consolidation is seen as a necessary process before breaking through the previous resistance, accumulating momentum for potential future upward movement. Investors need to closely follow whether there will be a breach of the key support level.

For Bitcoin, the recent target price is around $12,000, while Ethereum has a short-term target of $3,750. The market generally believes that with the strength of Bitcoin, it may drive the rise of other Crypto Assets, forming what is known as "altcoin season".

However, investors should remain cautious and closely follow market trends and potential risks. The Crypto Assets market is highly volatile, and price movements can change rapidly. It is advisable to conduct thorough research and risk assessment before making any investment decisions.