BTC Trend Analysis

Technical Analysis: BTC is currently oscillating in the range of $106,000-$108,900. A breakthrough above $108,900 requires a single-hour trading volume exceeding $2.5 billion; if successful, it may trigger a short squeeze and push up to $110,900. Support levels are located at $105,500-$106,000 (institutional accumulation cost zone), with a break or pullback to $103,300 as strong support.

Policy Catalyst: Hong Kong accelerates the approval of stablecoin licenses, and Vietnam's legislation on crypto assets, along with the expectation of a Federal Reserve interest rate cut in September (probability 78%), may drive liquidity reconstruction, with a mid-term target pointing to $115,000.

ETH trend analysis

Short-term momentum: The ETH price is consolidating in the range of $3,500 to $3,600, with the 4-hour level showing a weakening bullish momentum in MACD, but RSI is neutral (51.77). The support level below is $3,500, and a breakout above $3,650 may trigger a rebound.

Institutional Accumulation: Institutions such as BlackRock continue to buy ETH spot ETFs, with a position size reaching 1.51 million coins, coupled with the tokenized asset scale surpassing $5 billion. The long-term bullish target points to $3,000-$3,600.

Risk Warning

Geopolitics: The situation in the Middle East (such as attacks from Iran) may trigger fluctuations in risk aversion sentiment.

Policy Node: Pay attention to the granting of the first batch of stablecoin licenses in Hong Kong and the voting results of the U.S. "GENIUS Act".
#Michael Saylor暗示增持BTC#