Bitcoin ETH: In the early hours of 8/7, the current market is in a low volatility range oscillation pattern. Technical signals show a certain bullish tendency, but the extreme shrinkage of Trading Volume undermines the reliability of this trend signal. The golden cross of short-term moving averages and the bullish engulfing pattern have created a positive technical resonance, but the price increase has not been accompanied by an expansion in Trading Volume, making the price-volume relationship unhealthy, with a high risk of false breakouts.

In terms of the external environment, market sentiment is neutral, and macro factors have not provided significant directional pressure or support. Although the rebound of certain crypto assets and institutional expansion bring positive news, regulatory warnings and issues with the economic benefits of DeFi create negative pressure, resulting in a complex pattern of mixed signals overall. Therefore, the external environment has limited impact on the short-term trend of BTC, and the market may continue to fluctuate within key support and resistance ranges. Current Bitcoin price: around 115000 short, short-term target around 113000, if it breaks down, watch for around 112000.
Ethereum current price: can short near 3650, short-term target around 3580, below that look for around 3520 #加密IPO热潮# #比特币算力再创新高# #Gate ETH 挖矿年化收益 5%# #以太坊ETF连续12周净流入#