What is this back-and-forth fluctuation brewing tonight?

First, let's look at the BTC trend: Last week, it dipped to a low of 111,850, then fluctuated upward. Compared to Ethereum, the increase is limited, and there have been repeated liquidations. Today, after a surge to 122,450, it faced continuous pressure. Currently, it is still holding steady at the crucial support zone of 119,000-118,000. The sharp drop in the evening only indicates that the range fluctuation is likely to continue at the beginning of this week.

Why the fluctuations? Two major events this week are key variables: Tuesday at 20:30, the U.S. July unadjusted CPI data (inflation 'bomb', directly affecting market expectations for monetary policy); on Friday, the 'Special Trump Meeting' will draw global attention (Putin's visit to the U.S., the direction of the war, or escalation of conflict will all affect market sentiment).

However, the long-term logic remains unchanged: the main direction is still bullish. Bitcoin's pressure at 122,000 and Ethereum's pressure at 4,400 are merely adjustments. Specifically for BTC, in the short term, 118,000 is the dividing line for bulls and bears—rising from 111,850 to 122,450 constitutes the first wave of increases. If there is a rebound around 118,000 this week, it is expected to trigger a second wave of upward movement. If this level holds, there is no reason to be bearish.

Therefore, the BTC strategy is clear: buy on a pullback to 118,500-118,000!

Now looking at ETH: Tonight's extreme liquidation saw fluctuations of 150 points up and down, repeatedly testing market sentiment. However, reviewing the operations, the profits of several hundred points gained last week at 3,930 and over the weekend at 4,160 are enough to prove the validity of the bullish logic. So, after the one-hour level correction is complete, still be bold to go long; if the short side is hard to grasp, firmly wait for the long.

ETH strategy in sync: buy at 4,150-4,100!