Last week, Bitcoin briefly fell below $115,000, hitting a low near $111,900. Although I was startled in the short term, I actually remained quite calm.
The reason is simple: The macro data since July has been bearish, but if the US stock market doesn’t create more chaos, then BTC’s current adjustment may have already ended. After adjustment comes a new starting point, not a panic ending.
I have always emphasized – buying on dips is the golden rule in a bull market.
Don't know how to choose coins? Then just buy BTC and ETH. Can choose coins? Remember to prioritize those leading altcoins with clear narratives and announced storage plans. The market often doesn’t require many signals to start; by the time you see everything clear, the profits may have already been distributed.
(Don't know how to choose coins, refer to the pinned short message)
ETH has stopped falling; a turning point in the market may have appeared.
Yesterday, I observed ETH from the four-hour and daily charts and found that the daily chart showed a stop-loss signal at 8 AM, and the price also regained above 3500. Although the bullish candle didn't have high volume, being able to stabilize near support is already a crucial signal.
Next, there will probably be some oscillation at high positions, but this round of correction is not like last year's volume-driven plunge; this time it is a small bearish candle with reduced volume + a healthier bullish structure, and there is no need to blindly compare K-line charts.
The value of this ETH increase is actually higher than many people think.
Did altcoins fall back to pre-liberation? The opportunity might rather be here.
After this round of adjustment, many altcoins have basically dropped back to the lows of early July, almost completely reversing the previous gains. But this is exactly what I mean by the altcoin rhythm: mainstream rises first, altcoins lag behind and catch up, hotspots rotate quickly, and the sense of rhythm is strong.
In the face of such a market, a rolling penetration rotation strategy comes into play. In the second half of the year, I am particularly focused on two types of projects:
Narrative-driven, such as the RWA sector, with clear expectations for Coinbase’s launch;
On-chain capital accumulation type, such as L2 ecosystem projects with rapidly rising TVL.
For example, #ENA is a typical case. The price returned to 0.61, with a market cap of 9.2 billion. The perpetual contract negative fee rate reached -0.036%, indicating that most people are still bearish on it. However, the core data behind it is quite impressive: USDe TVL surged by 23% in a single week, reaching 9.45 billion, rising to sixth place on DeFiLlama. This is not a pump-and-dump coin; it's genuine on-chain capital embrace.
It is important to note that on August 5, ENA has a major unlock of 100 million, accounting for 2.7% of the circulation. Will the bearish news turn into a buying point? Keep an eye on the market reaction.
Meme sector: Old Ma’s call, who dares to ignore it?
Although the on-chain heat hasn't fully returned, a tweet from Musk in the evening can still ignite specific sectors. For example, the AI trio he promoted yesterday (#ani , $Rudi, and #BADRUDI) all surged over 50%. #Valentine even doubled directly from the bottom, and #Fartless's deployment has also given the meme sector a bit of a boost.
Today I have my eye on the newly emerging #emmm , which feels like the leading quality in memes. The market has been adjusting and consolidating for a long time, and it could break out at any moment.
Still the same: On-chain memes do not consider fundamentals, only tweets + momentum + sentiment.
Altcoin rhythm review
$DOGE : It has risen over 17% this month, breaking through a wedge structure, and combined with the five-wave structure and RSI golden cross, the bullish trend is not over. Although there is a short-term pullback, market attention and momentum are still online.
$LINK : The technical aspect is extremely strong. Stabilizing above $20 will open up upward space towards 31/42. The 0.618 support is solid, and after the previous double bottom breakout, it is climbing along an upward channel; a volume breakout is key.
$SNX : Although it has risen above 0.57, the momentum is weak, Bollinger Bands are narrowing, and RSI is neutral to bearish. The key for the market is to hold the support and steadily rise. The project team has decided to retain the L1 mainnet and abandon L2, indicating a trend towards conservative stability.
August is not the time to run away; it is the best window for laying down positions.
Many people will think that the interest rate cut in September means all good news has been priced in. But I want to remind you, most retail investors are the type to 'dash in when they see good news'. If you can see the interest rate cut rhythm ahead of others, you are already ahead of 90% of people. The real climax is not on the day of the interest rate cut, but during the 30-day funding frenzy after the cut.
So, if you hold on a bit more and lay down a bit more in August, you might find yourself on the winning side in September and October.
Remember this phrase: The brave are the first to get rich.
The article ends here! If you are confused in the crypto world, consider planning and harvesting with me!
