The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. However, its charm lies in the fact that it never looks at your past report card. Stop saying "I'll enter the market when it stabilizes"; opportunities in the crypto world never lie in "stability." The real dividends always belong to those who dare to position themselves amid uncertainty. Market volatility is not a risk; not understanding the trend is the biggest risk.
As of the morning of July 31, 2025, Bitcoin (BTC) and Ethereum (ETH) prices are both in a critical technical battleground, with market volatility significantly converging, indicating a directional breakout in the short term. Bitcoin experienced a sharp decline early this morning, dropping from around 118,000 to 115,700, and the current price has rebounded to around 117,400, in a high-level oscillation of long and short positions. This significant high-level oscillation may have been influenced by the Federal Reserve's interest rate cut not meeting expectations and Powell leaning more towards a hawkish stance, leading to this wave of volatility in the cryptocurrency market.
Currently, Bitcoin is priced around 117,400, continuously constrained within the symmetrical triangle oscillation range of 117,000-118,700.
From a technical indicator perspective, the K-line has reached the lower Bollinger Band, but the opening trend of the Bollinger Band has quietly formed. The KDJ is currently in a three-line convergence state, near the 50 moving average. However, the upward trend of the bulls is evident, and the price may experience another wave of increase in the short term.
Long position operation range suggestion: Go long at 117,000-117,500, targeting 118,500-118,800. Stop loss at 116,500.
Short position operation range suggestion: Go short at 118,500-119,000. Target 117,500-117,300, stop loss at 119,500.
Ethereum briefly dropped to 3,670 early this morning, then rebounded to the current price of around 3,750. Currently, the support level below 3,650 remains strong, while the resistance level above 3,850 is also suppressing the price from breaking through, continuously constrained within the oscillation range of 3,650-3,850. Looking at the current situation, today's market may be similar to yesterday, remaining in a slight oscillation between 3,700-3,800. Personally, I am not optimistic about entering the market around the 3,750 level. The main market movement is likely to occur in the evening.
Long position operation range suggestion: Position long near 3,700, stop loss at 3,650, add positions if breaking through 3,800.
Short position operation range suggestion: Position short near 3,780, stop loss at 3,820, target 3,700-3,720.
Due to the timeliness of price points, there may be delays in post review; specific operations should still be based on real-time market conditions. The above operation range analysis is for reference only. The cryptocurrency market is highly risky, so please manage your risk well and make cautious decisions when investing. If you are interested in specific indicator analysis or the impact of new market dynamics on prices, feel free to scan the QR code for the public account in the article below. You are welcome to visit.
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