The early morning crash pierced through 11,700! ETH plummeted with a 'hell spike,' scaring countless people to cut losses, but did you know? Just as panic spread, the main force quietly accumulated at the bottom, pulling off a beautiful V-shaped rebound!
This is not a market crash, but a typical 'position washing + testing' tactic! Combined with the latest Federal Reserve stabilization, the White House digital asset report, and the strong US GDP employment data, along with on-chain data of whale funds shifting to ETH, smart money has quietly completed its layout!
The current market appears to be fluctuating, but in reality, it is brewing a big opportunity. Will you continue to be a bag holder, or are you ready to buy low and get on board? This wave of the market may determine your profit opportunities for the next month...
What exactly happened? The news + technical analysis unveils the logic behind the speculation.
Technical Analysis:
115,000 and 3680 were last night's key support levels; the spike just pierced through and then recovered, aligning with the main force's logic to wash away panic positions.
Subsequently, 15 consecutive K-lines rose, with moderate volume increase; it wasn't retail investors pushing up hard, but institutions slowly accumulating.
RSI rapidly rebounded after briefly falling below 30, and MACD shows bottom divergence signals, indicating clear signs of short-term strength.
After 2 AM, Bitcoin and Ethereum began to plunge, dropping to around 115,000 and 3670 (note this position is the important support zone analyzed by Lao Zhu yesterday), then rapidly rebounded, with a sharp rise directly hitting 118,000 and 3860, retracting small profits, forming a short-term box pattern. (Specific points can be seen in Lao Zhu's article analyzing Bitcoin and Ethereum yesterday.)
In conjunction with the news, the market first digested the bad news and then began to speculate on the good.
Don't be scared by that spike—it’s not a crash, but rather a test, a trap to induce shorts, and space for the main force to exit and reposition.
Let's take a look at the news behind this spike:
1: The Federal Reserve's interest rates remain stable, meeting market expectations: This marks the fifth consecutive time of holding steady; although there was no explicit signal for a rate cut, the market has already 'digested the bad news'—the panic sentiment is gone.
2: Both US GDP and ADP employment exceeded expectations, showing strong economic resilience: liquidity is not expanding, but the market is stable, risk appetite is warming, releasing space for risk assets like ETH.
3: The White House released a digital asset report: Although there were no substantial updates on Bitcoin reserves, the regulatory logic is clearer, stating 'to promote the US's global leading position in digital assets,' which is a long-term positive.
4: Whales have reduced their BTC holdings and increased their ETH holdings within two weeks: Santiment data has made it clear—ETH is being heavily accumulated by institutions!
Next, pay attention to these three things, which may determine your earnings this week!
The non-farm payroll data (NFP) to be announced tomorrow, if it comes in below expectations, will ignite rate cut expectations.
Immediately after, at 2:30, Powell will hold a press conference.
Hong Kong's (Stablecoin Regulation) officially implemented on August 1.
Lao Zhu summarizes:
This spike in the early morning was not an accident, but a premeditated operation of 'main force washing positions.'
The news is stable with a slight warming trend: the Federal Reserve is not raising interest rates, economic data is off the charts, the White House has clarified regulatory paths, plus whales are shifting to ETH, and ETF inflows continue... Smart money has already shown its stance with actions—the market is brewing amidst fluctuations, and trends reverse in panic!
ETH is no longer just BTC's little brother, but has truly been pushed to the position of 'mainline asset.'
The current market does not lack signals; it only lacks someone who understands the charts and dares to enter at the right moment!
In the next few days, once Bitcoin (the big pancake) stabilizes above 11,920, it will not just be a fluctuation, but the starting point of a new round of major upward wave.
Non-farm payroll data, Powell's meeting, Hong Kong's stablecoin implementation... and more signals are approaching.
Are you ready to position yourself ahead of the market's official takeoff?
If you also want to position yourself for the next wave of explosive coins, stop hesitating to buy the dip and follow the main force's rhythm, you might as well pay attention to Lao Zhu!
Daily market analysis in the morning and evening, strategy points directly provided, deep dives into hidden gem coins, the most practical content on the internet is all here!
Those who are still waiting are the retail investors; those who prepare in advance are the harvesters!
Like, follow, share, Lao Zhu will take you to profit without detours!