The market reversal caught the bulls off guard. This also reminds everyone that trading is like driving; you can't be too confident and must always be mindful of risks.

Let's first look at Bitcoin:

- Long-term (weekly) still shows an upward trend, starting from 49000, with targets of 150,000 to 200,000, which could continue until January 2026. Holding onto spot assets long-term shouldn't be a problem.

- Medium-term (daily) the upward trend may be nearing its peak. It's still uncertain whether 123218 is the top; the key is whether 112000 can hold. If it holds, there may be another push for a new high; if it doesn't, there could be a drop to below 100,000 in August-September, with a possible rise above 150,000 after October.

- Short-term, the 4-hour level is currently declining, focusing on the support at 112000. The 1-hour level is also declining, and if it can't break through 117500, the downward trend won't stop. The next two to three days are crucial; if the bulls want to turn the tide, the daily must quickly rise above 117500.

Now let's look at Ethereum:

- Slightly stronger than Bitcoin, currently oscillating at the 1-hour level. If it holds above 3570, a rebound towards 4000 is possible; if it breaks down, the pullback may intensify.

- The daily upward trend is very likely not over; as long as it doesn't drop below 3000, the possibility of a pullback is low. However, if Bitcoin experiences a major drop on the daily, Ethereum may continue to rise with some altcoins and then synchronize later. In the short term, it needs to hold above 3500; otherwise, maintaining strength will be difficult.

Overall, the trends across various cycles are a bit chaotic: the weekly is upward, the daily is still rising but nearing the end, the 4-hour and 1-hour are downward, and the 15-minute may rebound tonight but it depends on the strength. For the bulls, they need to put in more effort in the next couple of days; otherwise, the market may become even less favorable. $BTC $ETH $SOL #美国加征关税 #加密市场回调