比特财经阿杰
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Bitcoin in a Thrilling Plunge! Breaking Through the Key Defense Line, Where Will the Crypto Market Go?
Market Deep Analysis on August 4, 2025
Under the tranquil facade of the US stock market's weekend closure, the cryptocurrency market surged with a wave of decline last night. This drop seems to be a prelude to the inertia of the US stock market's downward trend after opening and reveals the underlying forces behind this cryptocurrency market crash — US stock players, especially the deep involvement of American capital.
In this downward trend, during the early hours, the price of Ethereum plummeted like a waterfall, falling below the $3,400 mark, reaching a two-week low. Bitcoin was no exception, dropping below $112,000. This is not only a simple breakthrough of Bitcoin's previous week's low but also approaches a crucial price defense line — $110,000. This figure of $110,000 is not just an ordinary psychological barrier; it is a price point that Bitcoin has struggled to break through multiple times. After breaking through, it transformed into a solid support level within the new price range, and its strategic significance is evident.
Under the tranquil facade of the US stock market's weekend closure, the cryptocurrency market surged with a wave of decline last night. This drop seems to be a prelude to the inertia of the US stock market's downward trend after opening and reveals the underlying forces behind this cryptocurrency market crash — US stock players, especially the deep involvement of American capital.
In this downward trend, during the early hours, the price of Ethereum plummeted like a waterfall, falling below the $3,400 mark, reaching a two-week low. Bitcoin was no exception, dropping below $112,000. This is not only a simple breakthrough of Bitcoin's previous week's low but also approaches a crucial price defense line — $110,000. This figure of $110,000 is not just an ordinary psychological barrier; it is a price point that Bitcoin has struggled to break through multiple times. After breaking through, it transformed into a solid support level within the new price range, and its strategic significance is evident.
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