Market Forecast
The strong resistance for Bitcoin is between 119000-120000, with support at 116000-117000. The US will release CPI data next Tuesday, and the expected turning point is on Tuesday. Any price fluctuations before this are likely due to large player bets.
Personally, I remain bullish because of the interest rate cut expectations and the recent aggressive surge of Ethereum. It’s unlikely that after such a rise, it will drop back to 3000 immediately; the market hasn't fully settled yet, and the main players' costs are not low. Buying Ethereum around 4100 is still advisable, with a stop loss at 4050.
For Bitcoin, the appropriate buying range is 116000-117000, with a stop loss at 115500. If it breaks the strong resistance at 120000, it could rise above 128000. Whether this market movement occurs depends on the confirmation of an interest rate cut in September, so we will wait for next Tuesday's data for a potential turning point.
#ETH走势分析 #特朗普允许401(k)投资加密货币
The strong resistance for Bitcoin is between 119000-120000, with support at 116000-117000. The US will release CPI data next Tuesday, and the expected turning point is on Tuesday. Any price fluctuations before this are likely due to large player bets.
Personally, I remain bullish because of the interest rate cut expectations and the recent aggressive surge of Ethereum. It’s unlikely that after such a rise, it will drop back to 3000 immediately; the market hasn't fully settled yet, and the main players' costs are not low. Buying Ethereum around 4100 is still advisable, with a stop loss at 4050.
For Bitcoin, the appropriate buying range is 116000-117000, with a stop loss at 115500. If it breaks the strong resistance at 120000, it could rise above 128000. Whether this market movement occurs depends on the confirmation of an interest rate cut in September, so we will wait for next Tuesday's data for a potential turning point.
#ETH走势分析 #特朗普允许401(k)投资加密货币