Precise Market Analysis at Noon:
Good afternoon, brothers. August has begun.
Looking back at July, the U.S. cryptocurrency ETFs attracted $12.8 billion, setting a new historical high. As we enter August, it remains uncertain whether this trend of capital growth can continue; if it does, a return of BTC to previous highs is not out of reach.
Historically, August and September are often months when BTC performs relatively weakly throughout the year. If August lacks new favorable policies to drive the market, it is highly likely that the market will enter a consolidation phase, and the situation may not be as optimistic as we expect. Additionally, with the current U.S. stock market at a high level and Trump continuing actions on tariffs and international conflicts, it may bring some negative effects to the market.
There are no particularly key economic data releases this week; in August, our strategy will focus on defense, suggesting to hold spot positions while waiting for the U.S. to introduce more policies regarding Bitcoin reserves.
It is worth mentioning that qwatio, known as the "insider trader," made a profit of $12 million on its short position two days ago, but has now completely given back that profit. This case also reminds us that greed and fear are always part of the trading process.
If there is a significant correction next, there is no need to panic; if BTC rebounds to new highs in August, we should reduce some positions and avoid greed.
Currently, the varieties that can still be positioned include: $BTC , $BNB , $SOL . It is advisable to buy fewer other altcoins to avoid suffering larger declines when BTC drops.
