In terms of the overall trend, from August 6, 2024, to January 20, 2025, it is the first weekly level pump, taking 171 days, with an increase of around 61,000. From April 9, 2025, to August 14, 2025, it was originally thought to be the third weekly level pump, taking 128 days, with an increase of 50,000. Previously, there was discussion about how this one is shorter than the first one, but it seems that it is not yet completed. While it is not completed, we need to see if the third one can reach the longest (requiring a supplementary rise of more than 15,000 points, which would be around 140,000). In the smaller levels, 118 has become a very important position, which can be said to be the lifeline for both bulls and bears.

Currently, there are three views: 1: The trendline at the weekly level. First of all, I believe it is very difficult to reach this position because the point at 108 has risen rapidly, and it is no longer in a downward trend. Compared to the weekly downward trendline, I believe the target's third segment, which is the longest at 140,000, will be reached first, and then we will go for the fourth segment's pullback to touch the trendline. 2: The range's midpoint (touching around 108 again or a downward spike). I also think this pattern is almost impossible because 114 is the starting point of this month's rise. Observing historical data from October, combined with such a strong bullish trend previously, there may not be enough time to drop to 108 and then pull back to a new high. 3: 118. I currently believe that the most likely pullback point is here, and it still requires a drop.

Regarding Ethereum, it was mentioned yesterday that it has always been starting from five digits. If Bitcoin reaches 118, Ethereum will be at 4250. Pay attention to the potential head and shoulders bottom, which is a historically significant bottom. In terms of smaller levels, both Bitcoin and Ethereum have not yet stopped falling. It remains to be observed whether it will continue to decline in a consolidation phase or have a small rebound followed by further declines. Currently, there are no signs of a small level rebound.