Key Highlights:




  • Bitcoin is finding support at lower levels but could face heavy selling between $120,000 and $123,218.


  • Spot Ether ETFs saw record net inflows of over $1 billion on Monday, indicating strong institutional demand.




Bitcoin’s sharp rejection near its all-time high of $123,218 suggests that sellers are not ready to give up control easily. This failure to break higher triggered a pullback in several altcoins, though a few have rebounded strongly.



Some analysts have turned cautious. ZAYK Charts noted on X that, based on the Wyckoff method, Bitcoin may have entered a distribution phase — a scenario that, if confirmed, could push prices down toward $95,000.



In contrast, Ether has shown resilience. Data from Farside Investors shows spot ETH ETFs posted their largest-ever net inflows on Monday at $1.01 billion.



The question now is whether Bitcoin can break higher, or if Ether will take the lead in driving the next leg of the altcoin rally.






Bitcoin Price Outlook




Sellers blocked an attempt to push BTC to a new all-time high above $123,218 on Monday.




  • Daily chart: The 20-day SMA ($116,779) is flat, reflecting a balance between supply and demand, while the RSI remains in positive territory, favoring the bulls. Holding above the 20-day SMA could set up another attempt to clear $123,218, potentially sending BTC toward $135,000. Falling below the 20-day SMA may trigger profit-taking, dropping the price to the 50-day SMA ($114,366) and possibly into a range. A break under $110,530 would tilt control toward sellers.


  • 4-hour chart: BTC has rebounded from the 20-SMA, with upsloping moving averages and a positive RSI favoring buyers. A breakout above $123,218 could lead to $127,735 and $135,000. If sellers push the price below the downtrend line, BTC may consolidate between $123,218 and $111,920.







Ether Price Outlook




ETH began a new leg higher on Tuesday after breaking $4,366.




  • Daily chart: Upward-sloping moving averages and an overbought RSI suggest continued bullish momentum, with the next target at $4,868. The key downside support is $4,094 — a break below this could pull ETH to the 20-day SMA ($3,833).


  • 4-hour chart: ETH bounced from the 20-SMA, showing buyers are stepping in on dips. The next targets are $4,500 and $4,868. A drop below the 20-SMA could send ETH to $4,094, where bulls may try to establish strong support. A break under $4,094 could deepen the pullback.







BNB Price Outlook




BNB has been consolidating between $792 and $827 for the past three days.




  • Daily chart: A break above $827 could lift BNB to $861, and clearing that may pave the way to $900. A fall below the 20-day SMA ($787) could start a deeper decline toward $761 and $732. A breakdown under $732 could signal a trend shift.


  • 4-hour chart: Upward-sloping moving averages support the bulls, but the RSI is showing signs of bearish divergence. A drop below the 50-SMA would favor sellers. A close above $827 would resume the uptrend toward $861.







Chainlink Price Outlook




LINK surged after breaking above $18 on Thursday.




  • Daily chart: After surpassing $22.70 resistance on Tuesday, LINK could target $27, with potential to extend to $30 if bulls break through. A reversal below $20.83 could drag the price to $20 or even $18.


  • 4-hour chart: The pullback found support at the 20-SMA, with buyers still in control. The first key supports are $22.70 and $21. A close under $21 could lead to a drop toward the 50-SMA.







Uniswap Price Outlook




UNI rebounded from its 50-day SMA ($9.05) on Aug. 3, signaling strong demand at lower levels.




  • Daily chart: UNI is facing resistance at $12 but has held firm, suggesting bullish expectations for another leg higher. Clearing $12 could push the price to $15. A drop below the 20-day SMA ($10.19) could pull UNI to its 50-day SMA. Falling below that level would hint at a short-term trend shift.


  • 4-hour chart: Bulls are defending the 20-SMA. A breakout above $12 could trigger a rally to $14 and $15. If sellers push UNI below the 50-SMA, it could decline to $10 or $9.50, potentially forming a range between $8.50 and $12.






This is market commentary, not investment advice. Trading involves risks, and independent research is essential before making decisions.