Today's market dynamics interpretation and operation ideas are as follows:

Trends of Bitcoin and Ethereum:

1. **Bitcoin**: Yesterday's spot ETF inflows showed that institutions are optimistic about the market. Despite the panic selling, some whales took the opportunity to liquidate some Ethereum pledges and may continue to liquidate other positions. Currently, an important support level for Bitcoin is around $56,500, indicating that the market may see a wave of rebound. However, short-selling pressure may be seen again at the end of the month. Although Bitcoin has not completely fallen below the bottom of the descending channel, there are subtle signs of change, and it is possible to form a double bottom pattern. It is recommended to pay attention to the rebound near $58,000. If it falls back to below $54,000 again, a solid double bottom pattern may be formed.

2. **Ethereum**: There are reports that Ethereum may be traded online through a spot ETF on the 8th or 15th, which may attract billions of dollars in capital inflows. Although the market is facing multiple negatives, including the Mentougou incident and capital outflows from major financial institutions, market sentiment has been very depressed. Ethereum has fallen nearly 28% from its peak to now, a decline of nearly 110 days. If it falls further, the support level may be around $46,000. At present, Ethereum may show a rebound, but there may be a pullback afterwards.

Overall, Bitcoin's lower support level is $55,600 and its upper resistance level is $57,000; Ethereum's lower support level is around $2,800 and its upper resistance level is around $3,100. Investors are advised to remain cautious during market fluctuations and wait for clearer trend signals

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