Today, the Bitcoin market has shown a 1-hour level Rebound as expected, and this rising trend is still ongoing. Investors should focus on the price range of 116,000 to 117,000.

Regarding whether the daily rise of Bitcoin has come to an end, it is currently difficult to make a clear judgment. Although we previously believed that breaking below 112,000 might indicate a pullback at the daily level, there is still a possibility of forming a triple top in the market. From a technical indicators perspective, the daily level has not yet shown a top divergence, the 2-day line has shown a top divergence, and although the 3-day line has crossed bearish, no divergence has been observed. Despite the poor performance of the indicators, the possibility of another upward surge cannot be ruled out. In addition, there is still a potential third buying opportunity at the 4-hour level.

Through comprehensive analysis, we can determine that even in the worst-case scenario, Bitcoin could form a secondary peak. If the market performs well, it is possible to approach our expected level near 126,000 again. However, this does not mean that Bitcoin will not experience daily-level pullbacks during the period from the end of August to the end of September. If the market trend is weak, it is possible that we are already in the process of a daily-level pullback, which will only end after forming a secondary peak. If the market trend is strong, the daily-level pullback may be delayed and only begin after another surge.

As for whether Ethereum and other cryptocurrencies will plummet following the end of the Bitcoin daily rise, the answer to this question requires further observation of Ethereum's independent performance. Although there is market interconnectivity, various cryptocurrencies may exhibit different trend characteristics. Investors need to closely follow the unique performance of each coin, rather than simply assuming they will completely follow the trend of Bitcoin.