10x Research: BTC and ETH are approaching key breakout levels, and the trend may accelerate.

Odaily News On August 7, 10 x Research released an analysis stating that Bitcoin quickly rebounded to $117,000 after dipping to $111,643, reaching the key breakout retest target mentioned in previous reports, reigniting trading interest. The current market faces challenges such as volatility compression, seasonal weakness, and insufficient macro drivers. Trump's recent push for 401(k) investments in encryption and increased attention on gold may bring about a change in sentiment. The number of active Ethereum addresses has reached a new high, with prices rising, but this is more dependent on narrative drivers. Both are at critical technical junctures and may either experience higher trade volumes breakthroughs or sharp pullbacks.