Dear followers and Gate users, the SteadyGrowth team welcomes you.

Our team would like to provide an overview of the current market situation and give a forecast.

Why the Market Is Correcting?
Bitcoin and Ethereum are pulling back after a strong bullish run — and that’s a normal market behavior. Here’s what’s behind the current dip:

-Profit-taking after hitting all-time highs
-Overbought signals (RSI indicated an overheated market)
-Regulatory uncertainty (pending GENIUS & CLARITY Acts in the U.S.)
-Rising bond yields — capital partially shifts to safer instruments

When Could the Next Move Up Begin?
BTC: Potential rebound in August after correction to the ~$110–114K range
ETH: Likely bounce after cooling off, supported by growing interest in ETH-ETFs and DeFi activity
Key catalysts:
— Approval of new ETFs
— Fed policy shift (pause or rate cuts)
— Ethereum 2.0 and L2 ecosystem developments

What Should Traders Watch?
Watch volume, RSI, and the $114K support zone for potential BTC re-entry.
The market remains bullish long-term, but short-term discipline and risk management are essential.

Stay ahead — trade with data, not emotion!