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Market sentiment
Bullish factors:
BTC breaks through 120,000 USDT, ETF inflows and whale liquidations of short positions boost market confidence.
ETH consolidates above 3000 USDT, with Pectra upgrades and ETF demand driving expectations for altcoin season.
The favorable regulations in the US and corporate adoption provide fundamental support for the market.
Caution Factors:
BTC may face resistance near 122,000 USDT, having not seen a significant pullback in 50 days, so caution is needed for short-term fluctuations.
Macroeconomic uncertainty (such as Trump's tariff policy on August 1) may trigger volatility.
Conclusion
Today, BTC rose by 0.83%, ETH rose by 1.70%, and market sentiment remains bullish. Bitcoin has broken through 120,000 USDT, entering a new price discovery phase, with the next resistance level at 122,000 USDT; Ethereum solidified its breakthrough at 3000 USDT and may test 3200-3300 USDT. Investors are advised to seize the potential of the ETH altcoin season, pay attention to the ETH/BTC ratio, while being cautious of short-term pullbacks and security risks.