Market Insights The key reaction at the resistance level of 112,000 will determine the next moves. Currently, Bitcoin has hit the critical level of 112,000, and the reaction here will dictate the upcoming direction. We built positions in SOL on dips yesterday, and we are currently seeing good profits, looking forward to SOL continuing to lead the way. The logic behind SOL is primarily based on the SOL/ETH exchange rate (which many are discussing) having already dropped to its limits, with SOL whales defending this level. Additionally, with ETH approaching its peak and facing high selling pressure, funds have shifted towards SOL, which has less resistance. Finally, the expectations for October's ETF have led "smart money" to jump ahead and build positions in the market. If the thesis for SOL is correct, we should see SOL at 260 USD before mid-September, although we expect some turbulence around 220. AVAX is also following SOL today and is about to test the upper resistance again; if it breaks through, there should be a period of catch-up. Note that AVAX is also an ETF-related coin. Currently, short-term BTC is facing resistance at the 112,000 support-resistance switch; the post-market NVIDIA earnings report will determine whether BTC can break through. If NVIDIA's report is positive, the U.S. stock market is likely to continue rising (6,600 is the target), and if BTC breaks through, then SOL and AVAX have reasons to climb higher. If BTC breaks above 112, the short-term resistance levels are at 113,600 and 114,500. Conversely, if NVIDIA's report is negative, BTC may need to drop and consolidate further, taking SOL and AVAX down with it. In that case, we will need to wait for BTC to find support below (whether it tests 108 again or drops to 105) before SOL and AVAX can regain upward momentum. If Bitcoin can break and hold above 112 here, the probability of testing 105 in the short term will be very low, and the likelihood of continuing upward will be higher. If it can break and hold above 112, we will need to assess whether it will face resistance again at 115-117 before potentially dropping.