Trader Eugene: BTC rebounds to $120000, ETH is expected to break through $4000

According to BlockBeats, on July 26th, trader Eugene Ng Ah Sio published an analysis of the Bitcoin market, stating that BTC needs to demonstrate strength for a limited period of time to continue this upward trend. At present, BTC is fluctuating between 112000 and 120000 US dollars, and the momentum of other assets in the market continues to weaken. As a bullish investor, I hope to see BTC regain its position at $120000, so that ETH is expected to break through $4000 (maintaining a 0.03 exchange rate). In this situation, the crypto party will continue and long trades will be easy. If it cannot be achieved, both bulls and bears will face volatile market conditions. If BTC falls below $112000, we will no longer be optimistic about the long-term bullish structure