ETH breaks through the $3800 mark

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9309732027 BTC: Due to the impact of the interest rate meeting last night, the market experienced a significant decline. However, the daily line ultimately closed at a high level, and the long-term support angle at the bottom of 117000 did not fall below the important support position at the bottom. The deep squat correction was only a short-term washing action, and after a long-term adjustment of the trend, the probability of breaking through and reaching a new high in the large pie increased. We need to wait for the bottom support within the range of 117000-116500 after a short-term pullback. The pressure level above is 120000, and it is only a matter of time before 120000 stabilizes at a new high. ETH: Ethereum has maintained a strong upward trend in recent times. Yesterday, it experienced a significant decline due to the absence of news, but remained within the regular retracement range. The hourly adjustment channel did not break below the level. On the contrary, the subsequent closing line will maintain the position of the adjustment channel centerline. After confirming the support, for a strong breakthrough in the hourly level channel, it is only necessary to wait for a pullback and increase within the day. The bottom support point of 3800 is the upper edge pullback point of the adjustment channel, and the upper high point can be seen at 4050. It is also necessary to pay attention to whether the short-term stability above 4000 is maintained. From a long-term perspective, there will be a final breakthrough in the market in the near future, and if it stabilizes, it will continue to rise strongly and reach a new high. Failure to break through and stabilize will result in a significant decline. Tencent Meeting Number: 930 973 2027 QQ group: 123116768 Join the Fuxi Community and enjoy a variety of service offerings 1. Conduct market analysis for daily open courses and develop plans for matching orders and solving problems. 2. Join the member group to enjoy live streaming with orders in the evening; Fixed weekly technical course content. 3. Multiple market analysis and strategic trading within the day. 4. "Price Behavior Trading", "Breakthrough ABC Trading Law", "Four Line Battle Method" 5. Use tactics such as "Gann's Angle of Power", "Fei's Wave Number Example", and "MACD" to deduce the future direction. Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.

According to a report released by Galaxy Research on Thursday, enterprise cryptocurrency finance companies including Strategy, Metaplanet, and SharpLink have accumulated a total of $100 billion worth of digital assets. The report points out that Bitcoin finance companies hold the vast majority of shares, with over 791662 bitcoins on paper worth approximately $93 billion, accounting for 3.98% of the circulating supply. Ethereum Finance Company holds 1.3 million Ethereum tokens worth over $4 billion, accounting for 1.09% of the Ethereum supply. However, according to previous reports from The Block, the cumulative total value of ETH treasury reserves of 64 entities has exceeded $10 billion, including reserve assets of listed companies, cryptocurrency exchanges, DeFi protocols, non-profit organizations, and the federal government.

Foresight News reported that OFA Group (NASDAQ: OFAL), a comprehensive construction and technology company, announced that it will accept cryptocurrency payments for its construction services and AI driven construction tools. This plan is an extension of the company's previously announced $100 million Bitcoin funding strategy. Its payment system will support mainstream cryptocurrencies such as Bitcoin, Ethereum, Solana, and stablecoins, and all transactions will be processed through institutional level security protocols. This service is mainly aimed at cryptocurrency asset holders, real estate developers, and technology enterprise clients.

According to a report by Golden Ten, the number of initial jobless claims in the United States for the week ending July 26th was 218000, with an expected 224000 and a previous value of 217000.

According to BlockBeats, on July 31st, the annual core PCE price index for June in the United States was 2.8%, with an expected rate of 2.70%, and the previous value was revised from 2.70% to 2.8%. (Golden Ten)