Germany's July seasonally adjusted manufacturing orders month-on-month

At this stage, the price of Bitcoin is fluctuating around $110,000, but market data shows that over 91% of holders are still in a profitable state. This data suggests that despite the short-term adjustments in the market, we are far from reaching a "Depth correction". Compared to past market cycle bottoms, such as the 80% plunge in Bitcoin prices in 2018 or the over 30% losses in holdings due to the collapse of cryptocurrency projects in 2022, the overall health of the current market is significantly higher. This is mainly attributed to the lower average holding costs of institutional investors and long-term holders, as well as the increasing number of steadfast long-term investors, which alleviates the selling pressure in the market. Historically, such "shallow pullbacks" often provide investors with good entry opportunities. The current market adjustment resembles more of a "technical consolidation" rather than the beginning of a new bear market. It is worth noting that the Bitcoin halving event is approaching, which may have a significant impact on future market trends. Investors should closely monitor market dynamics, analyze cyclical patterns rationally, and prepare for potential market surges. However, the cryptocurrency market is highly volatile, and investors should carefully consider and thoroughly assess risks before making any investment decisions. At the same time, it is important to continuously monitor changes in regulatory policies and the macroeconomic situation, as these factors can significantly impact Bit prices.

Ethereum (ETH) recent market performance has attracted investor attention. From a Technical Analysis perspective, ETH is currently showing a downward trend, with multiple technical indicators clearly indicating bearish signals. Market participants should closely follow the performance of the key support level at $4270.99, as this level may become an important turning point for future price movement. However, in the short term, there is still the possibility of a rebound for ETH. Although the long-term trend is bearish, the short-term moving averages are showing an upward trend, which may bring temporary upward momentum to the market. Investors need to weigh the short-term rebound opportunities against the long-term downside risks. From a macroeconomic perspective, the current market pressure on ETH is relatively limited. Various positive news and negative factors are intertwined, resulting in a neutral external environment. In this context, the price movement of ETH in the short term may primarily be influenced by technical factors. Given the complexity of the market, investors should remain vigilant and closely follow changes in technical indicators and breakthroughs at key price levels. At the same time, it is also important to pay attention to external factors that may affect ETH prices, such as changes in regulatory policies and fluctuations in market sentiment. When making investment decisions, it is crucial to consider a wide range of factors.

$SOL - Expecting something like this for the month of September.

The cryptocurrency market has always been volatile, and each new investment trend may become a turning point in the industry's development. Recently, a striking piece of news has sparked widespread discussion in the cryptocurrency circle: Yunfeng Financial Group has purchased 10,000 Ethereum (ETH) in the open market to use as the company's reserve assets. This move signifies that traditional financial institutions are officially stepping into the encryption currency field, especially by choosing Ethereum, a mainstream encryption asset, which undoubtedly has far-reaching significance. As a seasoned market observer, I believe this trend is worth noting. The entry of traditional large institutions into the encryption currency market often has a significant impact on market sentiment and price trends. Looking back, when Tesla announced its purchase of Bitcoin, the price of Bitcoin surged significantly, as this action boosted market confidence and attracted more investors' attention. The investment decision by Yunfeng Financial may very well signal that more traditional enterprises are about to follow suit, injecting new vitality into Ethereum and even the entire cryptocurrency market. This could not only lead to short-term price fluctuations, but more importantly, it reflects the gradual recognition of blockchain technology and digital assets by the traditional financial sector. However, we also need to maintain a rational perspective. While institutional investment can bring liquidity and confidence to the market, the long-term development of encryption still depends on technological advancements, expansion of application scenarios, and changes in the regulatory environment. In the future, we may see more news of similar institutions entering the market. This is undoubtedly a positive signal for the maturity and stability of the encryption currency market. However, at the same time, investors should also carefully assess risks, avoid blindly following trends, and make wise investment decisions based on their own situations. As the situation develops, we will continue to pay attention to the chain reactions brought about by Yunfeng Financial's investment in the market, as well as any new trends that may emerge. In this rapidly changing field, it is crucial to remain vigilant and continue learning.