As of August 1, 2025, the cryptocurrency spot market is experiencing a period of consolidation and potential recovery following recent price fluctuations. Bitcoin #BTC has shown signs of testing support levels, with analysts observing a potential rebound from the $USDT 108,000-$USDT 110,000 range, which aligns with previous breakout zones and Fibonacci retracement levels [1] [2]. This suggests a healthy bullish structure, with a confirmed daily close below$107,000 being a key indicator for a deeper correction [2]. Ethereum (ETH) has dipped below $USDT 3,700, hinting at a pullback towards the $3,500 psychological level, influenced by broader market sentiment and economic factors

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