The crypto market today is showing mixed signals as investors digest the Federal Reserve's decision to keep interest rates unchanged. In this context, $BTC has shown incredible resilience, holding firm above the key support level of $118,000, while $ETH also maintains a strong position above $3,800.
Bitcoin Technical Analysis: "The Calm Before the Storm"?
Data from Binance shows that despite some minor selling pressure, the trading volume of $BTC remains stable, indicating that investors' long-term confidence has not wavered. The $118,000 level has become a crucial psychological support point. If $BTC can break and consolidate above the $120,000 resistance, we could witness a stronger rally in the coming days.
The Bright Spot from Ethereum and Breaking News
Meanwhile, $ETH continues to attract significant attention thanks to the boom in Layer 2 applications and the anticipation of institutional capital from ETF flows. Notably, the latest reports from major financial institutions also show a substantial growth in the crypto derivatives market, especially in futures contracts based on $ETH.
Trading Strategy in the Current Environment:
* For $BTC: The $118,000 support level is the key point to watch. A strong recovery from here could be a long entry opportunity.
* For $ETH: With positive news surrounding the ETF and the utility of its network, $ETH could be a potential option, but always manage risk carefully.
The market is always changing, and the information above is for reference only. What are your thoughts on the upcoming trends for $BTC and $ETH in these final days of July? Feel free to leave a comment below!
#bitcoin #Ethereum #MarketAnalysis #CryptoToday #BinanceSquare
