The rebound of Bitcoin is still ongoing, currently experiencing a one-hour level rebound, targeting the range of 116,000 to 117,000.

Regarding the two questions everyone is concerned about:

First, has the daily level uptrend of Bitcoin ended? It's hard to say at the moment. Although breaking below 112,000 may trigger a daily correction, there is currently a triple top trend, and there is still potential at the four-hour level. Even in the worst-case scenario, a secondary high may occur, potentially even challenging 126,000. The possibility of a daily correction in September still exists; it just may be delayed.

Second, if Bitcoin peaks, will Ethereum and other altcoins plummet? Not necessarily. If Ethereum performs strongly, it may break away from Bitcoin and create an independent market, first challenging historical highs, and then correcting alongside Bitcoin. The previous three failed attempts to break 4,000 do not guarantee that it won't succeed in the future.

Looking at the short-term trend: the one-hour rebound of Bitcoin has not ended; if it can break through 117,500, it may end the four-hour correction and even set a new high above 123,200; otherwise, it may fall back to around 112,000. There is still one wave of rebound at the 15-minute level, and the key is whether it can break through 117,500.

The one-hour rebound of Ethereum has also not ended; breaking 3,740 may mean no further corrections, otherwise, it will pull back to 3,300. Currently, the daily trend is healthy, with no top divergence. The probability of a rate cut in September has risen to 89%. If it can break 4,100 before mid-August, it is expected to challenge 5,500 - 6,700, but caution is needed until a breakthrough occurs.

In terms of trends across various cycles: the weekly and daily levels continue to rise; the four-hour level is still declining, and breaking 117,500 is crucial; both the one-hour and 15-minute levels are on the rise. $BTC $ETH $XRP #加密市场反弹