It feels like a more challenging time period is approaching.
Bitcoin and Ethereum have started to diverge.
$BTC looks dangerous but is actually not unsafe at all.
From a trend perspective, Bitcoin should not fall below 110,000, but it can still dip below that. Last night, it tested the support around 112,800 again.
If it can be validated here in the short term, it may brew a period of significant bullish momentum, with bullish expectations still at the previously mentioned 117,500-118,500.
And $ETH seems safe, but the space below is indeed a bit large. In extreme cases, it could return to around 2,950 this month for a retest.
In the short term, it has already formed a viewpoint or consensus among everyone that "Ethereum is stronger."
Then in the future, the whales can also cultivate some ideas about a fluctuating trend, completely shaking up the market with ups and downs.
In the short term, the volatility has already approached 400 dollars! It can continue to test around 3,750 above, while there is support in the area of around 3,350 below.
August is destined to be not too easy; be steady and then steady again. Don't forget the past two years.
