The large pancake has been fluctuating for 5 days, and the previously anticipated upward opportunity may come this week. Currently, it has adjusted between 115,000 and 122,000 and is preparing to surge upward, starting from this morning's 116,467. The key point is to see if it can exceed the previous high of 123,218. If it breaks through, we will first look at 126,000, and then possibly up to around 130,000.
In the short term, the 15-minute level is experiencing a slight pullback. As long as it can hold above 116,700, the upward momentum remains relatively healthy, and there is hope for a new high.
Ethereum's performance is even stronger, rising from 2,940 to over 3,800, an increase of 30% and still going, heading towards 4,000. Its upward momentum is very stable, and it is likely to have a slight adjustment before hitting the 3,900 to 4,000 range. As long as the short-term pullback does not break 3,700, it can continue to rise, but there is resistance between 4,000 and 4,100, so attention is needed. After reaching a high, there may be a slight pullback, but there should still be upward space afterward.
Overall, whether on the weekly, daily, or 4-hour charts, the overall trend is still upward (Bitcoin's weekly target is above 150,000). Right now, the focus is still on seizing the opportunity for upward surges, but it is also important to note that the daily upward structure of Bitcoin is nearing completion, and there may be a pullback in August. #稳定币监管风暴 #Strategy增持比特币 $BTC $ETH $XRP