On the last day of July, the daily chart of Bitcoin (BTC) and Ethereum (ETH) showed concerning signs, which is seen as an important market signal.

Currently, the cryptocurrency market has shifted from its previous volatile state to a downward trend on the daily chart. Next, we may see prices fluctuate between the daily chart and weekly chart lifelines. This change indicates that market sentiment is shifting, and investors should closely monitor this trend.

Despite potential pullbacks in the short term, the market still has upward potential in the long run. Analysts predict that we are likely to see new highs in the remaining time this year. Therefore, for investors holding spot positions, exercising patience may be a wise choice.

It is worth noting that this pullback is not expected to last long. The possibility of the market directly breaking below the weekly trend is relatively small. This means that although there may be some fluctuations in the short term, the overall trend remains relatively stable.

For investors, this is a time to remain vigilant but not overly panicked. Keeping a close eye on market trends while maintaining a long-term investment perspective may be a rational strategy to cope with the current market environment.

As the market continues to evolve, we will keep a close eye on the trends of BTC and ETH, providing investors with timely and accurate market analysis. In this rapidly changing cryptocurrency world, it is crucial to remain calm and rational.