BTC stands above 119,000, ETH holds above 4,200. Is the institution going to surge again this Monday?

BTC has recently been fluctuating in the range of 114,500 to 117,000, but today it broke through directly. In addition to the continuous capital inflow from ETFs, the expectation of an interest rate cut by the Federal Reserve in September has also contributed.

On the ETH side, it just broke the 4,000 resistance a few days ago, and the momentum is still there. There are constant reports of institutions accumulating—BitMine alone has acquired 966,000 coins, with a market value exceeding 3.5 billion USD.

In the short term, both sides have good momentum, but we also need to be wary of a pullback, especially for ETH, which has just broken through; it can easily be shaken out. To put it bluntly, the capital enthusiasm is still there, but whether it will surge or not is also the time when the most divergence is likely to appear.

Do you think this wave will directly break the previous high, or will it take a step back before going up?