Chuangjin Community - Analysis on August 1, 2025

This week, the fluctuations of Bitcoin are about to end, and there is no expectation of interest rate cuts in macroeconomic news this year... The daily chart for Ethereum is in the final phase of the trend: gradually transitioning to short positions while running, with short-term support for long positions, and Bitcoin is expected to deeply retrace to 110,000...
On the day: Bitcoin continues to show fluctuations, currently not pursuing short positions in the real market... As for the rotation of cryptocurrencies, if Bitcoin can maintain a long-term stability in the range of 11500 to 114000, the top 10 by market cap will see a bottoming out of [BCH-XRP-TRX-ETC--UNI]... there will be a period of rotational gains...
Wait for the correction at the beginning of the month to restart Bitcoin...
Resistance levels: 3740, 3810, 1171000, 118300 Support levels: 3550, 3430, 112000, 110800
Ethereum today: after dropping to the support level, it slowly moves up a bit. Current price is over 3680 for long positions, buy or add at 3660, 3650 for long positions... stop loss at 3630, take profit at 3760, 3780.
3760, 3780 short position observation zone. It would be better if it can reach 3820-3810. Take profit at 3650, 3660, and the second defense to prevent a deep pullback to 3580, 3550.
On the day of Bitcoin: there may be a large-scale pullback to short, no long position setup, the current price of 115100 will go up a bit, take profit for long positions at 117200 and 118200.
Observe short positions at 117200, 118200……[This time, all long positions are fully withdrawn……] Take profit at 114500, 115100, 113200, 110300