Bitcoin (BTC) market analysis

Current price: $118,568.36, 24-hour increase 0.44%, market value $2.36 trillion.
Recent trend:
- On July 21, the price fluctuated in the range of $117,000-$118,610, slightly below the historical high of $123,000.
- Market sentiment indicates a possible short-term pullback due to a surge in BTC inflows to exchanges (81,000 coins in a single day), with miners and whales cashing out at high levels.
Key Support and Resistance:
Support levels: $118,000 (short-term key support), $110,000 (potential pullback target).
Resistance level: $123,000 (previous high), after breaking through may challenge $180,000-$250,000 (long-term forecast).
Market Sentiment:
- 43% of social media discussions are centered around BTC, which may peak in the short term due to FOMO (fear of missing out) sentiment.
- Institutional funds continue to flow in, with cumulative net inflows of over $13.7 billion for spot ETFs.

Ethereum (ETH) market analysis
Current price: $3,770, 24-hour increase 3.04%, market value exceeds $45.5 billion.
Recent Trends:
- On July 21, reached a new high of $3,825 for 2025, with a cumulative increase of 51% in July, far exceeding BTC's 12%.
- Institutional funds have significantly flowed in, with a weekly net inflow of $2.18 billion for spot ETFs, setting a new historical record.
Key Support and Resistance:
Support level: $3,530 (key support for pullback), $3,131 (deeper pullback level).
Resistance level: $4,000 (psychological barrier), after breaking through it may accelerate to $4,400.
Market sentiment:
- Institutional holdings have increased significantly, with SharpLink holding 280,706 ETH, valued at over $493 million.
- The technical aspect is overbought (RSI close to 75), a short-term pullback may occur, but the medium to long-term outlook is bullish.

Overall market trend
Bitcoin dominance: decreased to 60.1%, showing that funds are flowing towards ETH and other altcoins.
Policy Impact: The passage of U.S. legislation such as the GENIUS Act and other crypto regulations may attract $50 billion in institutional funds.
Risk Warning:
- BTC may temporarily pull back to $110,000, and ETH may retreat if it fails to break through $4,000.
- The market leverage is high, and the open interest in derivatives has reached a new high, necessitating caution against severe fluctuations.

Investment advice
Long at around 118,000 USD for Bitcoin, target 120,000 USD.
Long around 3800 USDT for Ethereum with a target of 3880 USDT
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