$BTC Life and Death Tribulation! $ETH Bull and Bear Nuclear Explosion! Countdown to Tariffs, Igniting a Million Liquidations?
The current cryptocurrency market is being squeezed by both policy risks and technical adjustments, with short-term fluctuations in BTC and ETH full of uncertainty, compounded by SEC regulation and whale sell-offs.
Let's talk about BTC first. The upgrade of SEC regulation and the delay of Trump's tariff policy pose major risks. However, coupled with the early warning of the sale of 12,000 BTC by whales, if the key level of $117,500 cannot be regained within 3 days, it may drop to the liquidation zone of $115,000, while also needing to be wary of the risk of volatility in the US stock market.
The ETH ecosystem is facing dual pressure from plummeting staking yields and SocialFi competitors diverting funds. Although the tenth anniversary NFT event attracted 780,000 addresses to participate, it has not provided support for the price.
In terms of operations, BTC has been hovering around $114,200, with a core resistance level at $116,400. One can consider a light short position nearby, waiting for a pullback to the 50 or bottom divergence signals before considering a low buy. The resistance level for ETH is $3,575; if it breaks through, a light long position can be pursued with a target of $3,620. If it encounters resistance, wait for a low buy opportunity near $3,455. If it later rises to $3,700, a light long position can be considered nearby.
Particular attention should be paid to the time window for Trump's tariff decision on August 7, and it's advisable to reduce positions or hedge to avoid black swan risks.
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