#打榜优质内容#

Today's focus
1. Can "Red September" come to an end? Historically, September has often been a bearish month, but strong ETF inflows, institutional allocations, and favorable policies may reshape the cyclical logic.
2. Bitcoin is driven by both technology and capital: Technically breaking above $112k, capital flows are active, and it is expected to continue to rise in the short term.
3. Ethereum's upward momentum strengthens: Supported by whale funds and expected breakthroughs, ETH stands out among mainstream assets.
4. The Fusaka upgrade process draws attention: Ethereum is about to welcome the Fusaka upgrade, which is expected to enhance network scalability and transaction fee efficiency, adding to its ecological appeal.
5. Be cautious of excessive optimism: The market is gradually building structural consensus, but overall sentiment remains cautious. It is essential to be wary of fluctuations in macro policies and the market.

Market Structure Interpretation
•Short-term structure: BTC has technically broken through, and ETH has strong funding support, driving the formation of a market with dual dominant forces.
Mid-term structure: Funds continue to flow from BTC to ETH, coupled with favorable upgrades, which are expected to build a mid-term upward foundation for ETH.
Risk Warning: Over-reliance on Whale movements or upgrade expectations may lead to a squeeze; macroeconomic and regulatory changes remain unstable factors.