BTC: As of August 11, 2025, the current price of BTC is $121,600; yesterday's closing pattern was a "small bullish candle," and trading volume increased compared to the previous day, indicating a strengthening of short-term bullish momentum.

On-chain data shows that the price increase over the weekend has slightly boosted the turnover rate, mainly due to profit-taking from recent low-position builders, while other holders remain on the sidelines. It is worth noting that CPI data will be released on Tuesday, and the current market has a cautious outlook on inflation, which may bring some risk-averse sentiment in the short term.

According to URPD data, 1.464 million bitcoins are accumulated in the $103,500-$108,500 range; 1.608 million bitcoins are accumulated in the $93,500-$98,500 range.

Overall, Bitcoin has once again touched the $120,000 mark. Although it has not fully stabilized, $117,000 has been regarded by the market as a new support level, while the range of $112,000 to $116,000 has become a relatively safe chip area. Technical structure shows that Bitcoin is oscillating within a price channel, with key support below around $117,000 and primary resistance above around $125,000. If it successfully breaks through and stabilizes above this position, the next target may directly aim at $137,000; if it fails to break through, it may fall back to around $117,000 to seek support again.

ETH: Still maintaining a fluctuating upward trend, with a retreat and advance pattern, there is a high probability of new highs in the future.