The recent digital money market is eye-catching, especially the performance of Bitcoin (BTC). Starting from July 45, BTC has initiated the fifth wave structure on the daily chart, with an expected rise target between $12630 and $12780, with the extreme possibly reaching around $13200. It is worth following that this month may witness Bitcoin creating new historical highs, thus completing the entire structural cycle.



This pump may break through the trendline formed by the first wave and the third wave, but ultimately it may fall back to the starting point of $7450 or lower. The characteristics of this terminal wave are worth following closely by investors.

At the same time, we should also reassess our views on the second coin (ETH). The previous target of 4630 has been reached, and if it can continue to follow BTC's strong performance, the new target may break the historical high and reach around 5400 USD. However, if it cannot maintain a synchronized rise with BTC, the current position may have already hit the target, and investors need to be cautious about potential risks.

For day traders, important technical levels include the upper resistance level of $12,180 and the lower support levels of $11,880 and $11,730. Long-term investors may choose to hold on, but they should always follow market trends.

Overall, the current cryptocurrency market presents a complex and promising situation. Investors need to comprehensively consider the impact of technical analysis, market sentiment, and external factors when making decisions. Whether for short-term trading or long-term holding, maintaining a cautious and flexible attitude is crucial.
BTC-1.69%
ETH-4.76%
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SchroedingerMinervip
· 08-13 06:40
suckers in the crypto world earn a little after a year of hard work.
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BagHolderTillRetirevip
· 08-13 03:51
Don't say that, even the trap underwear is gone.
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OnChainDetectivevip
· 08-13 03:50
At four in the morning, suspicious large orders were found again, with abnormal backend data. Be alert for Large Investors pumping and dumping.
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DefiVeteranvip
· 08-13 03:48
Who says suckers can't make money?
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AirdropHarvestervip
· 08-13 03:34
The airdrop information collector across the entire network and the trend chart

I only trust the spot long order trend
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BasementAlchemistvip
· 08-13 03:34
All in, see you in the next life.
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BearMarketSurvivorvip
· 08-13 03:34
Just go all in and that's it!
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