Bitcoin is currently testing support near $117,000 after a sharp decline from $124,474. A bounce off the 20-day exponential moving average (EMA) could signal strong buying interest, and if successful, BTC might rise to $135,000. Conversely, a drop below $110,530 could suggest a bearish trend. Ether has faced selling pressure around $4,788 but may find support near $4,094 for a potential rally toward the $5,000 mark. Traders are also closely monitoring XRP, BNB, Solana, Dogecoin, Cardano, Chainlink, Hyperliquid, and Stellar for significant support and resistance levels, indicating varying potential for price movement across these altcoins. Key levels include BNB's 20-day EMA support at $794 and ADA potentially rallying to $1.17 if resistance at $1.02 is broken. Overall, the market shows mixed signals as traders assess conditions ahead of a possible altcoin season in September.

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