Gu Yue: The bottom support test was unsuccessful, and the bulls are making a comeback.

CN
谷月
Follow
19 hours ago

As of July 31, 2025, the market trends for Bitcoin (BTC) and Ethereum (ETH) have shown different trajectories, influenced by macroeconomic factors, technical indicators, and market sentiment. Here is a comprehensive analysis:

Bitcoin (BTC) Market Analysis

1. Current Price and Trend

- Bitcoin's price is hovering around $117,800. From last night at 11 PM to this morning, the price of 30,000 Bitcoin dropped by 3,000 points, testing the $115,000 support level. If this support holds, it may continue to rise back above $117,000.

- Technical analysis shows that BTC is in a symmetrical triangle convergence pattern, which may lead to a breakout in the short term. Key resistance is at $118,700, and support is at $117,000.

2. Key Influencing Factors

- ETF Fund Flows: In July, Bitcoin ETF saw a net outflow of $59 million, while Ethereum ETF had a net inflow of $4.4 billion during the same period, indicating a potential shift of funds from BTC to ETH.

- Market Sentiment: The MVRV (Market Value/Realized Value) ratio for Bitcoin is nearing historical highs, suggesting that the market may be approaching a temporary peak.

- Macroeconomic Events: The Federal Reserve's interest rate meeting, U.S. GDP data, and adjustments in tariff policies may impact short-term trends.

3. Future Trend Predictions

Bullish Scenario: If it breaks above $120,500, it may test $121,664, or even challenge the $125,000-$130,000 range.

Bearish Risk: If it falls below the $116,000 support, it may trigger a waterfall decline to $112,500.

---

Ethereum (ETH) Market Analysis

1. Current Price and Trend

- Ethereum's price is reported at $3,805, having spiked from around $3,800 to $3,673.05 yesterday. After recently soaring from $2,800 to $3,850, it is now facing resistance in the $3,800-$3,940 range.

- Technical indicators show short-term overbought conditions (RSI 79.69), which may lead to a pullback.

2. Key Influencing Factors

ETF Fund Inflows: In July, Ethereum ETF saw a net inflow of $4.4 billion, far exceeding Bitcoin, indicating institutional preference for ETH.

ETH/BTC Ratio: If it breaks the key resistance at 0.039, it may drive ETH prices to the $8,000-$15,000 range by 2025.

Short-term Pullback Risk: If it falls below $3,709 (Supertrend support), it may retreat to $3,516 or $3,300.

3. Future Trend Predictions

Bullish Scenario: If it stabilizes above $4,025, it may push towards $4,250, or even $4,465.

Bearish Risk: If it falls below $3,700, it may test the $3,550 support.

Trading Suggestions

Go long on Bitcoin near the current price of $117,800 with a target of $119,000.

Go long on Ethereum near the current price of $3,800 with a target of $3,900.

There are many types of investments, and it is important to choose the one that suits you. There are many paths, and it is crucial to choose the right guide. I am Gu Yue, interpreting world economic news, analyzing 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. It should not 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.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Bybit:白拿50U新人礼+5000U充值返利,真实到账,羊毛稳稳薅!
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink