Recently, the cryptocurrency market has experienced some fluctuations, but professional analysts believe this may be a "bear trap" behavior, suggesting that investors remain calm. Currently, Bitcoin's short-term support level is around $115,500, and although it has dipped, it has not fallen below this key level.

Analysis shows that Bitcoin is expected to reach a new high range of $126,000 to $130,000 in the upcoming market, while Ethereum may rise to the range of $3,900 to $4,100. Other cryptocurrencies may also rise accordingly, but the increase may be influenced by multiple factors.

It is worth noting that the Federal Reserve will announce its interest rate decision at 2:30 AM Beijing time on July 31. Currently, the market expects the interest rates to remain unchanged, which may not have a significant negative impact on the market. However, the non-farm payroll data set to be released on August 1 may affect the interest rate expectations for September, thus determining the height of this round of upward trend.

For investment strategies, some analysts suggest considering a moderate reduction in holdings when Bitcoin approaches $130,000 to guard against potential risks. Overall, holding and waiting currently seems to be a wiser choice.

The market trends are constantly changing, and investors should closely monitor various economic indicators and policy trends, while also carefully assessing their own risk tolerance to make rational investment decisions.