BTC is currently a bearish market, and the weekly level is also leaning bearish. The increase on Thursday night has almost retraced 60% over the weekend. If it tests 112,000 three times soon, the risk of a valid breakdown is high, and the support around 110,000 is not strong. The main strong support below is around 106,000. Since we focus on short-term contract trading of ETH and SOL, BTC is only used as a reference for the overall market direction. Considering the pullback before the end of the month to September 4th, we need to observe after the bulls finish on next Wednesday.

Although ETH and SOL are temporarily trading independently, they may still be easily pulled down at key points. Therefore, the last week of this month is likely to be a short-term fluctuating upward trend, with more short-term news information available.