Ethereum is currently leading the market. Has the cottage season that we have been looking forward to last month really arrived? Bitcoin has entered a sideways state after a strong surge to 100,000, which means that long liquidation has basically been completed and the market selling pressure has eased. In the future, the market will most likely fluctuate between 100,000 and 9.9w to digest yesterday's spike market. After sufficient accumulation, it is still bullish. I am confident that Bitcoin will break through 110,000 next week. In a bull market, callbacks mostly appear in the form of spikes, and there will not be a large-scale wash market in August, September, and October. However, spikes may still occur once or twice a month. Everyone must do a good job of strategic planning and position management.
BTC
Bitcoin has rebounded very rapidly this time, catching short-sellers off guard. As I mentioned yesterday, the pullback in Bitcoin is a good time to buy, and blindly shorting carries significant risks. From the current hourly perspective, if it can stabilize above 101566, subsequent resistance levels to watch are 103700, 105900, and 107000. If the closing price tomorrow morning is below 101500, it may pull back, and key support levels to watch below are at 99460, 97500, and 95550. Once these support levels are touched, shorts may consider taking profits, while longs can enter at the right time.
ETH
Ethereum has increased its on-chain issuance by 1 billion today, with favorable funding driving its price to continue climbing. Following this trend, it is likely to break new highs in the next couple of days. If the daily closing price can stay above 4000, the market will remain bullish, with resistance levels above at 4042 and 4123. If the daily closing cannot stabilize above 4000, a correction may occur, with support levels below at 3945, 3837, and 3780, where there may be short-term buying opportunities.
SOL
Despite Ethereum and Bitcoin both rising, Solana ($SOL) seems calm at the moment, but I am firmly optimistic about its potential for further increases. Once it begins to rise, it is expected to break past previous highs. On the daily chart, watch if the closing price can stay above 240; if it does, resistance levels above are near 247 and 256. If it cannot close above 240, support levels below are at 231, 224, and 219, and if the price dares to break these support levels, consider building positions in batches.
DOGE
Dogecoin ($DOGE) is showing a good trend, clearly in an upward trajectory, with insufficient downward momentum. If it can break through and stabilize above 0.437 this evening, key resistance levels to watch above are 0.453, 0.466, and 0.474. If it closes below 0.42 at 8 AM tomorrow, key support levels below are at 0.407, 0.39, and 0.37, where buying on dips and holding until next month's favorable news is advisable.
