After the US-EU tariff disputes returned to normal, Trump first denied the 3 billion investment, then announced 2.5 billion in asynchronous reserves. On the first US stock trading day, I checked BTC in the early morning, and it didn’t make a new high, still fluctuating around 109. This week, pay attention to PCE and NVIDIA earnings for any new trade agreements that might ease the tariff sentiment, but of course, the more important factor is still Trump's rhetoric, which revolves around these issues.
Bitcoin (BTC)
BTC attempted to rise but did not break through key resistance. As long as it doesn't break through, the short-term strategy is to short. Recently, contract positions have begun to decrease as the price rise has cleared out many short sellers, leading to market pullbacks. Now, short sellers have raised their liquidation price to above 111000, meaning a large number of short users will only be cleared after breaking the upper triangle resistance. It is expected that the market will pull back to around 107000 in the next few days.
There are two possibilities ahead:
1. After the market pulls back to 107000, it finds support and continues to rise, breaking through the triangle resistance, possibly reaching 112000. ETH will follow the rise, but other altcoins will have limited gains.
2. The market will pull back to 107000, then rise to 109000, and then break below the lower edge of the triangle range to 105000. If it breaks below 105000, we might see 100800.
This is my prediction for BTC this week. Let's see how the market plays; the volatility is high, and improper operations can easily lead to liquidity.
Ethereum (ETH)
ETH found support at 2520 yesterday and rose to just below heavy resistance at 2720. This position has been suppressed by strong sell orders three times already. To achieve further upward movement, the resistance at 2720 must be broken. The 4-hour chart shows signs of exhaustion, with support at 2580. When the market declines, there are many open contracts for ETH, and long positions outnumber short positions. Yesterday's rise was mainly driven by contracts.
I think it's time to clean up the long positions, at least down to around 2580-2550. The market is currently volatile, ranging between 2720-2500, and both long and short positions have their reasons and justifications.
Ethereum is returning to the main trend? In my opinion, ETH is at least currently just a side project where major funds are teaming up to harvest profits. Overall, a bullish trend halts when good news doesn't lead to a rise, and a bearish trend halts when bad news doesn't lead to a fall. Has it reached this point? As for the direction:
1. Last November-December, the big coin covered the retreat of altcoins.
2. It's still a weak pullback, and after horizontal consolidation, there will be a wave of seasonal trends.
It's still uncertain now; I can only say to watch as it goes, and all I can do is operate at key game positions.
The TRB I recommended yesterday is now at the top of the rise list.
Spot trading has a maximum profit of 50 points, and there are still nearly 40 points of profit left. Both contracts and spot can take some profit. Set stop-loss at the opening price for contracts, and set stop-loss for the remaining spot at 33. If it doesn't get stopped out, hold on a bit longer. For specific strategies, please message me.
And Trump
I clearly stated to wait for a pullback around 12.5u to enter, but it was directly pulled up to 13.28, which also brought great profits.
Of course, this coin can't have a fixed pattern. It rose almost 40% and then started to crash after the meeting. It came from where it went, and I mentioned in the internal group that I shorted on the day of the dinner, and sure enough, it dropped directly by 30% to 12.3, which was very perfect.
Ethereum Mascot ETHCHAIN
This dog trader definitely has obsessive-compulsive disorder; the 1-hour K-line is the most regular I’ve seen among all the dog coins! Tokens rise daily while washing out positions.
Lastly: there are rumors of significant actions in Hong Kong in August, which will correspond to a wave of topics in the crypto sphere, including domestic public chains like CFX, ACH, and QTUM, etc.
Everyone knows that Cetus is a scam. Many people are affected by this and that, not realizing it's all orchestrated by the market makers. However, Cetus could become a victim in this event, also known as a rocket head.
What does everyone think?
