Recently, the price of Bitcoin has continued to decline, dropping to around 112,700 at one point in the early morning, while Ethereum briefly fell to 3,431. From a short-term perspective, this wave of decline may last a few more days, but the likelihood of a 'direct drop below 100,000' that everyone is worried about is low.

According to the current trend, before the daily level decline of Bitcoin ends, there may first be a rebound, potentially reaching 118,000-120,000, and it is even possible to break through 123,218 again. In the short term, in the next couple of days, it may first rebound to 116,000-117,000, after which it will likely drop again, with an overall target around 112,000. A new rebound may occur in the latter half of next week.

Looking at Ethereum, there are opinions that it is highly likely to reach a historical high by the end of this year, breaking through 4,800 or even 5,000. On one hand, technically, it has attempted to break through 4,000 multiple times without success, but each rebound has managed to return to the vicinity, and after repeatedly testing the resistance level, the probability of breaking through is very high; on the other hand, institutions bought in large amounts in July, and if a staking ETF is launched by the end of the year, the 3%-6% annualized return will attract more funds, aligning with institutional expectations.

In the short term, Ethereum has fallen below 3,500, and it may pull back to 3,100-3,300, but as long as it holds above 3,000, there will still be opportunities to challenge 4,000 later. In the short term, the focus is on a rebound to 3,600-3,700, after which there may be another drop.

Overall, the weekly and daily trends of Bitcoin and Ethereum are still upward, but the 4-hour level is in a downtrend (which will last for a few days), while the 1-hour and 15-minute levels have already started a short-term rebound. $BTC $ETH $SOL #美国加征关税