Trader Eugene: BTC Back above $120,000, ETH Set to Break $4,000

BlockBeats News, July 26th: Trader Eugene Ng Ah Sio posted an analysis of the Bitcoin market, stating that "BTC needs to show strength within a limited time to sustain this current upward trend. Currently, BTC is fluctuating between $112,000 and $120,000, while the momentum of other assets in the market continues to weaken. As a bull, they hope to see BTC reclaiming $120,000, which would potentially allow ETH to break $4,000 (maintaining a 0.03 exchange rate). In this scenario, the crypto party will continue, and bull trades will be smooth sailing. If this cannot be achieved, both bulls and bears will face a ranging market. If BTC falls below $112,000, the long-term bullish structure will no longer be favored."