The current rebound window has reopened, and attention should be focused on Bitcoin's 117,000 level during the midnight period—this is both the starting point of yesterday's rebound and a key support level.

For Ethereum, the 4,400 level is an important support below recently, and close attention is needed. If this level is effectively broken, the pullback trend is expected to extend to 4,200; if no effective breakout occurs, focus should shift to the resistance level around 4,670 during the daytime.

#美国7月PPI年率高于预期