The current blockchain market is at a critical period, with Bitcoin prices likely fluctuating between $112,900 and $113,400, and the next target range possibly being $111,800 to $111,000. Ethereum is also facing a similar trend, expected to oscillate between $4,250 and $4,280, with target price levels possibly between $4,190 and $4,150.

At the same time, the economic situation in the United States is complex and variable. Although the S&P 500 index has risen nearly 10% this year, this performance does not fully reflect the overall economic situation. In fact, the annualized growth rate of real consumer spending in the first half of 2025 is only 1%, and the growth rate of real GDP continues to slow.

It is worth noting that there is a significant difference between the performance of the stock market and the real economy. Although the stock market performs well, the issue of insufficient economic growth momentum still exists. This contradictory situation has raised concerns in the market about the economic outlook.

According to a survey of economists by Bloomberg, the average probability of the U.S. economy falling into recession in the next year is 35%. This data reflects the cautious attitude of professionals toward the economic outlook and highlights the current uncertainty in the economic situation.

In this complex economic environment, investors need to be more cautious and consider various factors comprehensively, including the trends in the cryptocurrency market and changes in macroeconomic indicators. In the coming period, the market may continue to face fluctuations and challenges, requiring investors to remain vigilant and adjust their investment strategies in a timely manner.