Bitcoin opens a callback, Ethereum still has room to rise

Bitcoin fell below 120,000 last night, dipping to 117,200, signaling the end of the previous 4-hour increase that started from 112,000. It has now entered a new 4-hour decline, with an initial target of 110,000 to 111,000. If it breaks below 110,000, or if a second high appears in September, it may trigger a daily-level correction, targeting 90,000 to 98,000, with expectations of rising again in October towards 150,000 to 200,000 (targeting around 180,000 in January 2026).

In the short term, the 1-hour level is still declining, likely retracing to 116,000 to 117,000, with a rebound expected to 121,200 over the weekend or early next week (if it doesn't break 123,000, it will drop again). The 15-minute level shows a decline followed by consolidation, then a surge above 120,000.

Ethereum's performance is not synchronized; the 4-hour trend is still upward, targeting 5,000, with a possible correction to around 4,000 in the latter half of next week, and a potential surge above 6,500 by the end of August. In mid-September, it may undergo a daily correction to just over 3,000, with another rise in November, and there is hope for it to break 10,000 in February 2026 (needs to be assessed as it progresses).

Institutions are buying Ethereum heavily above 3,000 because they confirmed its value after the trend became clear, rather than missing opportunities at low levels. Investment requires a step-by-step approach; after a short-term correction, Ethereum is likely to surge again above 5,000, with the 15-minute level first retracing to around 4,400.

Trend across cycles: Weekly is upward; Daily shows signs of ending the increase; 4-hour, 1-hour, and 15-minute levels for Bitcoin are downward, while Ethereum remains relatively strong. #加密市场回调 $BTC $ETH $SOL