Evening Operation Insights on August 7, 2025

The afternoon market accelerated upward. How are all the short-side friends doing? Let's discuss tonight's ideas, hoping to provide some reference for everyone. The data at 8:30 PM and the performance of the US stock market may play a decisive role in the subsequent market movements.

Suggestions:

For Bitcoin, watch the range of 118000-118800 on the upside, as there may be a pullback pressure; on the downside, pay attention to the range of 115700-116700. If it consolidates here, it may continue to rise. If there is an extreme drop (waterfall), watch the support level at 113200. If the upper limit of the consolidation range is broken, consider the possibility of returning to the round number of 120000.

For Ethereum, be wary of the potential M-top pattern, which may be accompanied by a risk of pullback. Watch the range of 3850-3885 on the upside, as there may be pullback pressure; on the downside, focus on the range of 3720-3760. If it rises after consolidation, the target could be seen at 4000-4150. If there is an extreme drop (waterfall), watch the support level at 3400. $BTC $ETH