Ethereum $ETH and other currencies have adjusted downwards from their high positions as expected. Today marks the third day, and the decline is not significant. Last night there was a small rebound upwards. Currently, it seems to be at an hourly level, and overall it remains relatively strong, although there are no signs of ending the adjustment for now. The probability of Bitcoin continuing to rise is relatively high, which is a good thing.~

In terms of news, after July, there is hope for 2-3 rate cuts from the end of the year to early next year. Whether this can push the market into a frenzy remains to be seen.~

Bitcoin in the #BTC 12W-12.3W range remains a significant resistance zone, with short-term signs of recovery. Support is at the 11.5-11W range.~←

Ethereum #ETH has short-term support in the 3550-3650 range, with resistance above at 3800/4000~