Bitcoin's rise is slow, while Ethereum is strongly pushing for new highs

Bitcoin retraced to a low of 118055 last night, without breaking 118000, which was as expected. Driven by favorable CPI data, it has returned above 120000 today. The one-hour level rise is not yet complete, and it is expected to continue pushing above 123000, with an overall bullish outlook towards around 126000. However, Bitcoin's pace is relatively slow, mainly due to fund flows into Ethereum, which is in a following-up state, requiring some patience.

In the short term, the 15-minute level can still rise, initially looking at around 122500; the one-hour level may directly break 123000 or may first oscillate before rising.

Ethereum is performing strongly, having reached 4700 today, and is expected to touch above 4800. The one-hour level is showing a strong upward momentum, with clear institutional strength. It is expected that after breaking 4800, there will be a retracement but will not break below 4500, followed by a push towards the 5000-6000 range. As early as August 2nd, it was indicated that Ethereum would break 4000 and push towards 4800, and currently, institutional positioning is strong, with the expectation of reaching 12,000 by the end of the year.

In the next week, valuable altcoins may perform, but caution is advised for worthless altcoins.

All timeframes are trending upwards: weekly, daily targets remain unchanged, with a bullish outlook of 126000 in the 4-hour timeframe, and continuous rises in the 1-hour and 15-minute levels. $BTC $ETH $SOL #以太坊创历史新高倒计时