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Market Dynamics
Technical Analysis: BTC has fallen below 118,000 USDT, testing support at 111,800-107,000 USDT, with a pullback after three consecutive daily gains, and RSI has dropped to 65; ETH has fallen below 3,600 USDT, with an RSI of 87 indicating overheating, likely consolidating between 3,200-3,300 USDT in the short term.
Market sentiment: BTC bullish comments account for a ratio of 1.9:1 on X, and the altcoin season expectations remain strong after ETH's pullback.
Key events: ETH ETF net inflow of $570 million, BTC ETF inflow of $1.25 billion; Pectra upgrade supports long-term value of ETH; Trump's tariff policy on August 1 raises concerns about volatility. #BTCÐ Launchpool收益超3%# #成长值抽奖12期开启# #白宫加密报告发布#