August 5 Market Highlights
1. BTC Faces Downward Pressure: Current price is clearly under pressure from the formation, facing heavy resistance, and the overall trend has shifted from strong to diverging, with selling pressure in the spot market being the main suppressive factor.
2. ETH Shines Bright: The daily chart is close to a 'V-shaped' rebound and recovery, market sentiment is improving, and with whales continuously accumulating coins, the financial support is relatively strong. It is recommended to watch for layout opportunities on pullbacks below 3600 in the short term.
3. Changes in Market Structure: Bitcoin's market capitalization share has slightly decreased by 1.18%, the CMC Altcoin Index currently reports 43, indicating a certain switch of funds between mainstream and altcoin varieties.
4. Tariff Deadline Warning: A tariff policy deadline is approaching on August 7, and if relevant negotiations fail to reach a consensus, it may negatively impact market sentiment, necessitating caution against potential volatility.
5. Federal Reserve Policy Expectations: According to Federal Reserve observation data, the probability of a rate cut in September has risen to 94.4%, and expectations of easing are forming support for mid- to long-term market sentiment.
#BTC #ETH #bnb
1. BTC Faces Downward Pressure: Current price is clearly under pressure from the formation, facing heavy resistance, and the overall trend has shifted from strong to diverging, with selling pressure in the spot market being the main suppressive factor.
2. ETH Shines Bright: The daily chart is close to a 'V-shaped' rebound and recovery, market sentiment is improving, and with whales continuously accumulating coins, the financial support is relatively strong. It is recommended to watch for layout opportunities on pullbacks below 3600 in the short term.
3. Changes in Market Structure: Bitcoin's market capitalization share has slightly decreased by 1.18%, the CMC Altcoin Index currently reports 43, indicating a certain switch of funds between mainstream and altcoin varieties.
4. Tariff Deadline Warning: A tariff policy deadline is approaching on August 7, and if relevant negotiations fail to reach a consensus, it may negatively impact market sentiment, necessitating caution against potential volatility.
5. Federal Reserve Policy Expectations: According to Federal Reserve observation data, the probability of a rate cut in September has risen to 94.4%, and expectations of easing are forming support for mid- to long-term market sentiment.
#BTC #ETH #bnb
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BTC
115,136.32
+1.13%
