[Market Analysis and Outlook]

BTC experienced a deep pullback during the day, quickly rebounding in a V-shape after dropping to 110,000, indicating strong support from bulls. An effective support zone has formed in the 110,000-112,000 range on the four-hour chart, which was also a key area tested for rebounds multiple times last week. Although the price attempted to rise to 117,500 last week, it failed to maintain above the important resistance level of 118,000, and the overall structure remains in a weak oscillating pattern.
This week, focus on the breakthrough of the pressure range of 116,000-118,000. If it stabilizes above 118,500 with increased volume, it is expected to open up upward space, with targets aimed at 120,000-122,000. Coincidentally, as the monthly line closes, there is a rebound.
Whether the momentum can continue to strengthen will become the focus. ETH performed strongly, rising sharply from 4200 last week, consecutively breaking through the 4600 resistance and reaching a new all-time high. The weekend market maintained a high-level fluctuation, with a bullish and bearish divergence appearing on the four-hour chart.
Divergent pin formation.
This week, 4600 can be viewed as a key support level (previous resistance turned support). If it stabilizes in the 4660-4600 range and breaks through 4850 again, it is expected to open up a new wave of upward movement, with a target range of 5000-5300.
If you have any questions or need real-time strategy assistance, feel free to communicate at any time, and I will be here to answer your confusion! #ETH创历史新高# #美联储7月会议纪要# #加密市场反弹#