The Bitcoin market has always followed a rule: the low point of the fourth wave of falls usually does not go below that of the second wave. Based on this rule, the extreme support level for this round of decline may be around 100,000. Although it is still uncertain whether it will fall to this level, I personally see this area as an opportunity to get on board in medium term batches.

Regarding Ethereum, although the overall development direction is correct, the recent trend appears slightly slow. Previously, it was expected to break through the $3950 mark and possibly hit new highs; however, although there was a brief breakout at the beginning of last week, altcoins failed to follow suit, leading to a rapid change in market sentiment. Currently, the short-term pressure facing Ethereum is still around the $3950 mark, and if it cannot effectively break through, it may pull back to the $3200-3300 range before attempting a new round of upward movement.

August is a critical period for Ethereum. If it can stabilize above $4000, it is very likely to perform better by the end of the year. However, if it fails to break through, the market may enter a phase of sideways fluctuation. In this case, investors need not only insight but also patience. Bull markets are never achieved overnight; slow rises are not frightening, the key is to be in the right direction.

As investors, we need to remain calm and rational, closely monitor market trends, and be prepared for long-term holding. The volatility of the cryptocurrency market is significant, but in the long run, quality projects are still expected to bring considerable returns.