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At the beginning of July, the crypto assets market welcomed a promising start. Bitcoin (BTC) today broke through the 120,000 yuan mark, reaching a peak of 122,000 yuan. From recent trends, since July 5th, BTC has been showing a rising trend. Market analysis suggests that once BTC breaks through 110,000 yuan, it is likely to continue challenging the 120,000 to 130,000 yuan level, and now the 120,000 yuan mark has been successfully surpassed.
In the short term, BTC's support level is expected to be around 106,000 yuan. However, Ethereum (ETH) is still hovering around the 3,000 yuan position and has not managed to break through in sync. Other small-cap tokens have also not shown a comprehensive upward trend. However, the market expects that as long as BTC maintains sideways fluctuations, ETH is likely to start making up for gains. Once ETH breaks through the 3,100 yuan mark, it is very likely to further challenge 3,500 yuan.
It is worth noting that tokens such as Pengu and Bonk in the Solana ecosystem may continue to rise. For the currently held tokens like Neiro, Moodgeng, Punt, Goat, Ban, Pepe, Doge, and Swarms, investors are advised to remain patient and wait for further market developments.
Despite the current positive market performance, investors should remain cautious, closely monitor market trends, and manage risks appropriately. The Crypto Assets market has historically been highly volatile, and investment decisions should be based on thorough research and rational analysis.