The Bitcoin market is exhibiting the anticipated short-term pullback, but still maintains an upward trend. Currently, Bitcoin may initiate a new round of hourly Rebound. If the price does not fall below $118,000 tonight, it is expected to continue moving upward. Although some viewpoints suggest that a secondary high point may occur, leading to a daily chart pullback, the current upward trend has not been broken, and the possibility of further rise still exists.

In the short term, if Bitcoin breaks through the $120,000 mark, it is likely to trigger a new round of rise, with a target price around $126,000. However, if it falls below the $118,000 support level, the downtrend may continue. Currently, the 15-minute chart shows that three waves of pullback structure have been completed and it is attempting a new rise, with the key being whether it can break through the $120,000 resistance level.

The performance of Ether has exceeded expectations, quickly rebounding after multiple pullbacks below $4,200, and has now broken through $4,400, showing a unilateral pump trend. The next target price is $4,800. If it does not fall below the support level of $4,330, it may directly hit $4,800 before undergoing a pullback; however, if it breaks this support level, it is very likely to start a hourly pullback. Within this month, Ether is expected to reach the range of $5,000 to $6,000.

It is worth noting that the current market is not a period of comprehensive rise for small coins. There may be opportunities for small coins by the end of the year, but investors should not have overly high expectations for the rise of small coins. In the current market environment, mainstream cryptocurrencies remain the focus of investors.