BTC & ETH Today's Market Analysis and Trading Strategy (August 1, 2025)

Current Market Dynamics

BTC: Currently at $115,730 (24-hour drop of 1.75%), has broken key support at $116,000, short-term trend is slightly weak.

ETH: Currently at $3,691 (24-hour drop of 3.13%), has lost support at $3,700, short-term pullback pressure is increasing.

📈 Key Level Analysis

BTC:

Support Level: $115,000 (psychological level) → If broken, may test $113,000.

Resistance Level: $117,000 (EMA50 dynamic support) → If broken, may rebound to $118,500.

ETH:

Support Level: $3,650 (previous low) → If lost, may drop to $3,550.

Resistance Level: $3,800 (short-term selling pressure zone) → If stabilized, may rise to $3,900.

Today's Trading Strategy

BTC:

Short-term Long: If it stabilizes after a pullback to $115,000, consider going long, target $117,000, stop loss at $114,500.

Short-term Short: If it rebounds to $117,000 and meets resistance, consider going short, target $115,500, stop loss at $117,500.

ETH:

Short-term Long: If support at $3,650 holds, consider going long, target $3,750, stop loss at $3,600.

Short-term Short: If it rebounds to $3,800 and faces pressure, consider going short, target $3,700, stop loss at $3,850.

Risk Warning

Non-farm data impact: To be released at 20:30 (UTC) tonight, if data is stronger than expected, it may increase market volatility.

ETH liquidation risk: There is currently $2.885 billion in long liquidation pressure around $3,650, caution against flash crashes.

BTC institutional holdings: There are still 15,000 BTC pending liquidation on exchanges, which may sell off or suppress rebounds.

Summary

BTC: Short-term is slightly weak, focus on the breakout direction of the $115,000-$117,000 range.

ETH: If it holds above $3,650, it may still rebound, otherwise, it may further pull back.

Best Strategy: Trade cautiously before the data release, set strict stop losses, and follow the trend after breaking key levels.

(Interaction: Do you think BTC/ETH will rebound today or continue to pull back? Feel free to leave comments for discussion!)