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By carefully observing the encryption currency market, we can make some predictions about the future trends of Bitcoin (BTC) and Ethereum (ETH).
For BTC, the current key support level is around $100,000. If support can be established in the range of $102,000 to $107,000, it is likely to break upwards again. The high for this year is expected to be between $120,000 and $130,000, and it may even touch $150,000. However, if BTC falls below $102,000, it may drop to the $90,000-$95,000 range, followed by a strong rebound that challenges the $110,000 to $130,000 area again.
As for ETH, there are two possible trends. The first scenario is that ETH may first pull back to the range of $3,200-$3,400, then rebound to $3,600 to form a peak, after which it may drop back to the range of $2,800-$3,000. This would be considered a bullish signal. The other possibility is that ETH directly probes down to the range of $2,600-$2,800 before the end of August, and may even briefly fall below $2,600 to the range of $2,500-$2,600. After that, ETH may experience a strong surge in the second half of the year, with the potential to break through $5,000.
It is worth noting that this surge in ETH may drive up other small cryptocurrencies (commonly known as "altcoins"). It is expected that some altcoins may see increases of 2-3 times or even higher. However, this does not mean that all cryptocurrencies will experience tenfold or even greater increases. The market may show divergence, with certain coins performing significantly, but overall, it is unlikely to replicate the frenzied bull market scenario where all coins rise sharply.
Overall, the cryptocurrency market is still full of opportunities, but it also comes with high risks. Investors need to stay vigilant, closely monitor market trends, and manage risks effectively.