On this night, a total of 134,932 people were liquidated in the global market, with a total amount of $324 million. Long positions were liquidated for $2.34 million, and short positions for $89.9696 million.
Starting today, significant macro news from the U.S. will be released continuously.
Including PCE, unemployment rate, major non-farm payrolls, U.S. stock earnings reports, and the White House's digital asset report on Thursday. The most anticipated events are the Federal Reserve's interest rate meeting and Powell's speech at 2 AM on Thursday, which will significantly impact market confidence and expectations. The market is looking forward to good news. Additionally, the Ethereum Foundation sold off recently; will the Ethereum 10th anniversary conference still decline?
The market trends during this super macro week have become particularly important. Bitcoin has been in a high position of sideways consolidation, waiting for a direction to emerge. This will determine whether Ethereum and altcoins will continue to rise in a third wave or face a deep correction in a fourth wave.
It's hard to judge the short-term market, which fluctuates up and down. Do you want to act during this period of turbulence but don't dare?
My followers have been feasting since last week. In the bull market wave driven by Trump’s crypto policy and interest rate cut expectations, black swan events are merely noise to scare people off. Following the strategy and managing positions well can lead to steady results.
Patience is the core of a hunter; time is the greatest chip for retail investors. Anticipate market changes after this week. Currently, market sentiment is low, with no FOMO atmosphere. We have not yet reached the stage where everyone is making money and outsiders are flooding in. The market share of Bitcoin and the altcoin season index still have considerable room for growth. Historical experience shows that when most people feel 'if I don't go all in now, it will be too late,' that is the real peak, and we are far from that stage.
Market Analysis
BTC
Since Bitcoin temporarily peaked at 123,000, it has been oscillating between 119500-116500, fluctuating $3000 back and forth for 15 days. It will either be a short at 119500 or a long at 116500, without getting involved in between, just oscillating back and forth.
Yesterday, at 117500, there was a large-volume drop without action. In the early hours, at 117250, a volume reversal and secondary pullback occurred. Entering at this time could yield profits; there's no need to regret missing out, as last night's DOGE at 0.222 and ETH at 3770 are already profitable.
Today: Focus on the support level 115500, which has been oscillating in the range of 116411-119200 for nearly 20 days, providing enough space to grasp profits.
ETH
In the past three weeks, Ethereum's ETF has seen a crazy net inflow. It is important to know that its clients are mainly hedge funds and large asset management companies, which do not engage in short-term trading and usually hold for the long term.
Last night, long positions at 3770 or 3748.5 were not added because the average price was too close to 3725. To guard against breaking 3725, additional positions were added at 3645. Although there was a brief drop below 3725 in the early hours, it quickly recovered within 10 minutes. It has now risen to 3810, with 3770 long positions making a profit of $40 and 3748.5 long positions making a profit of $61.5, which is enough to take profits. (Strictly follow the strategy, do not act blindly, currently taking profits at 80%, with the bottom position set to break even, easily covering today's expenses.)
Today: Focus on support levels 3605/3486/3339, no resistance level set for now (everyone knows the resistance level), first observe the strength of intraday rebounds.
Operational Suggestions:
In terms of contracts, it is not recommended to participate in small coins. In the spot market, it is advisable to moderately allocate 1-2 small coins, but not too many; during unstable market conditions, the primary principle is to seek stability; when the market is good, high-risk operations can be attempted appropriately. Operations must change with market conditions!
The core of speculation is to speculate on expectations. The main theme of market expectations in August revolves around stablecoins.
Projects associated with Sun have recently started to become active; in fact, he has taken actions early on. What the market makers are most worried about is that no one participates, and they can only stage their own plays - although TRON has been listed on NASDAQ, trading volume remains sluggish and the price has not shown a clear trend.
There is a saying in the futures market: 'Don’t touch the categories of the Zhengzhou Commodity Exchange'; a similar saying circulates in the crypto world: 'Don’t touch the projects of Sun'. This indicates that Sun's projects, like those of the Zhengzhou Commodity Exchange, belong to high-risk areas.
Don’t know which to buy for bottom-fishing in a downturn? Just buy these leaders:
ETH Ecosystem: ENS
New Public Chain: SUI
DEX Spot: UNI
DEX Contract: HYPE
RWA Track: ONDO
Chain Game: PIXEL
NFT: PENGU
DEFI Lending: AAVE
MEME: BONK
BSC Series: LISAT
Stablecoin: ENA
L2: ARB
Platform Token: BNB
AI: TAO
POW: BCH
Ethereum Staking: LDO
Cross-Chain DEX: COW
Oracle: LINK
