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Recent trends in the crypto assets market have attracted attention. After Bitcoin broke the 120,000 mark, 123,000 and 125,000 became new resistance levels. In the short term, 132,800 seems difficult to reach, and it may have to wait until the interest rate cut cycle in September for a chance.
Currently, investors should focus on the performance of Ethereum, Solana, and Litecoin. After major tokens like Ethereum reach their previous highs, we will further assess the target price levels for Solana and Litecoin. For spot holders, maintaining patience is a wise choice.
In terms of altcoins, PENGU still has room for growth. PUMP is worth a small position to participate, waiting for the Binance announcement. In the Ethereum ecosystem, Compound and SushiSwap may have opportunities for chasing gains. In the meme coin sector, NEIRO, PNUT, and MOODENG are worth following, as they not only have rebound potential but may also be listed on the Binance exchange.
This week there are several important events worth following: First is the Federal Reserve's interest rate decision, which is expected to not lower rates, but Powell's speech and the dot plot may reveal future rate cut space. Secondly, the non-farm payroll data, as the market worries it may show signs of economic recession risk. In addition, if the tariff policy deadline on August 1 is not postponed, it could have a significant impact on the global manufacturing supply chain.
Additionally, this week, American tech giants (such as Apple, Amazon, Microsoft, etc.) will release their earnings reports, which may impact the trend of US stocks and, in turn, affect the market sentiment of Crypto Assets.
Investors should closely follow the developments of these events and adjust their investment strategies accordingly. However, regardless of how the market fluctuates, maintaining rationality and a long-term perspective is always a wise choice.