Gate today's market analysis: BTC is still mainly fluctuating in the short term, while ETH's relatively strong market share has risen to 11%.

Bitcoin (BTC) rebounded over the weekend, currently reported around $119,300 during the Asian afternoon session on the 28th. The short-term market may still be dominated by fluctuations. Ethereum (ETH) has shown relatively strong performance, with its market share rising to over 11%.

BTC has found support near the middle band of the Bollinger Bands on the daily chart, oscillating upwards over the weekend to around $119,000. The short-term market is likely to remain dominated by fluctuations, with BTC's market share slightly dropping to around 60%. Last week, BTC spot ETF experienced net outflows for three consecutive days, but on Thursday and Friday, it achieved a net inflow for the week.

(Source: Gate)

ETH is performing relatively strong, currently consolidating around $3,850, and overall remains in an upward trend. ETH's market share has risen to 11.8%, nearing this year's high. ETH ETF saw a weekly inflow of $1.8 billion, indicating that institutions are continuously increasing their holdings of ETH.

Altcoins: Mainstream altcoins have generally risen, and the top 100 altcoins by market capitalization have outperformed BTC in the short term; additionally, the Fear and Greed Index shows that market sentiment remains optimistic, and short-term structural rotation may continue.

Macro: On July 25, the three major U.S. stock indices collectively rose, with the S&P 500 index up 0.40%, reporting at 6,388.64 points; the Dow Jones index rose 0.47%, reporting at 44,901.92 points; the Nasdaq index rose 0.24%, reporting at 21,108.32 points. Last week, the Dow Jones index had a weekly increase of 1.26%, the Nasdaq index had a weekly increase of 1.02%, and the S&P 500 index had a weekly increase of 1.46%. As of July 28, 10:00 AM (UTC+8), the spot gold price was temporarily reported at 3,333 dollars per ounce, with a 24H decline of 0.11%.