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The recent market trend of Bitcoin has attracted widespread attention. The price has finally reached the previously expected level of 112,000, becoming the new focus for both bulls and bears. Last night, Bitcoin initiated a four-hour level rebound, in line with previous analysis — as long as it does not drop to zero, there is a possibility of a four-hour level rebound from the zero axis.
The current market is facing a pullback demand at the 15-minute and 1-hour levels, and it is expected to be dominated by fluctuations during the day. Investors should closely follow whether the key position of 118,000 can be effectively broken through. If it cannot be broken, a slight pullback may occur. After the fluctuations during the day, there may be another attempt to break upwards. The support range below is between 110,000 and 109,600.
In terms of Ethereum, the market outlook remains optimistic. From the beginning of the year to now, the performance of Ethereum and Solana has been highly关注. Currently, Ethereum is experiencing a rebound from the four-hour level to the daily level, and the bullish trend has not yet ended. However, $2820 has become the current important resistance level, and only by breaking through this position can further upward space be opened. After the breakthrough, $3100 will become the next important threshold.
During the day, Ethereum may fluctuate in the range of $2800 to $2820 to gather strength for the next upward move. Daytime trading will mainly be characterized by fluctuations, with support levels at $2726 to $2685 and resistance at $2820.
It is noteworthy that the release of the Federal Reserve's June meeting minutes may have an impact on the cryptocurrency market. Meanwhile, Binance is celebrating its eighth anniversary, which could also bring some market movements. Investors should closely follow the potential impact of these factors on the market.