Gu Yue: Bitcoin morning market analysis, brief decline, will rebound again.

CN
谷月
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19 hours ago

The following is an analysis of Bitcoin (BTC) and Ethereum (ETH) market trends based on the latest market data, incorporating price movements, technical indicators, market sentiment, and macroeconomic factors:

### Bitcoin (BTC) Market Analysis

1. Current Price and Trend  

   - As of July 30, 2025, the price of Bitcoin is $116,978.80, down 0.35% for the day, showing a weak consolidation pattern in the short term.  

   - Recently fluctuating in the $117,000–$120,000 range, failing to effectively break through the key resistance level of $120,000, with pullbacks following multiple attempts.  

2. Technical Indicators  

   - MACD & RSI: The daily MACD has formed a death cross, and the RSI is approaching the oversold area, indicating significant short-term downward pressure, but a rebound correction may be forthcoming.  

   - Support and Resistance:  

     - Support Levels: $116,000 (20-day moving average), $115,000 (Bollinger Band middle line), $112,500 (50-day moving average).  

     - Resistance Levels: $119,500 (psychological level), $120,000 (historical high), $122,500 (breakout target).  

   - Bollinger Bands Narrowing: Indicates a potential breakout in the short term, requiring attention to the direction of the move.  

3. Market Sentiment and Liquidity  

   - A recent $47.5M liquidation led to a price drop, highlighting the vulnerability of the high-leverage area ($118,000–$119,000).  

   - Institutional fund inflows are weak, with a net outflow of $59M from Bitcoin ETFs in July, while Ethereum ETFs saw a significant inflow of $4.67B, indicating a rotation of funds into altcoins.  

4. Impact of Key Events  

   - Federal Reserve Policy Meeting (announced on July 30): If dovish signals are released, it may boost risk assets.  

   - U.S. Cryptocurrency Policy Report: Expected to be released today, potentially involving Bitcoin reserve plans, affecting market confidence.  

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### Ethereum (ETH) Market Analysis

1. Current Price and Trend  

   - Ethereum is currently priced at $3,760, down from the July high of $3,941, but the cumulative increase in July still reaches 53%.  

   - The short-term trend shows a downward fluctuation, with technical indicators indicating a bearish advantage.  

2. Technical Indicators  

   - MACD Death Cross: The green momentum bars are expanding, indicating increased bearish pressure.  

   - RSI: Below 50, market sentiment is weak, but nearing the oversold area may trigger a rebound.  

   - Support and Resistance:  

     - Support Levels: $3,700 (short-term psychological support), $3,650 (Bollinger Band lower line).  

     - Resistance Levels: $3,900 (middle line), $4,000 (historical psychological level).  

3. Institutional Fund Inflows  

   - Ethereum ETFs saw a cumulative inflow of $4.67B in July, far exceeding Bitcoin, indicating institutional optimism for ETH in the long term.  

   - BTCS Inc. increased its holdings by 14,240 ETH, bringing total holdings to 70,028 ETH (approximately $270M), strengthening market confidence.  

4. Market Risks  

   - Short-term Overbought: RSI reached 76, caution is needed for potential pullback risks.  

   - Deepening "Death Cross": The short-term EMA line has fallen below the mid-term line, further confirming the downward trend.  

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### Comprehensive Outlook  

- Bitcoin: If it breaks through $120,000, it may initiate a new round of increases to $125,000–$130,000; if it falls below $116,000, it may test $112,500.  

- Ethereum: Short-term pullback pressure is significant, but long-term institutional support is strong; if it stabilizes above $3,700, it may still challenge $4,000.  

Trading Suggestions

Go long on Bitcoin around $117,000, targeting $120,000.

Go long on Ethereum around $3,750, targeting $3,900.

There are many types of investments; choosing the right one for yourself is important. There are many paths, and selecting the right guide is crucial. I am Gu Yue, interpreting global economic news, analyzing major global investment trends, and providing daily market analysis to offer you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.

This article represents personal views only and is for reference only, not to be used as a basis for actual operations. Market conditions are volatile, and profits and losses are at your own risk. For the latest trading strategies, follow the public account: Gu Yue KOL.

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