Bitcoin's highest yesterday was 115,720, lowest 114,107, with a volatility of 1,613 points. Ethereum's highest yesterday was 3,736, lowest 3,490, with a volatility of 246 points. Over 100,000 people were liquidated across the network within 24 hours, with a total liquidation amount of nearly 1.8 billion. Today's fear & greed index is 61, greedy.
Today's hot opportunity:
1. The probability of the Federal Reserve cutting interest rates in September soared to 94.4%! Goldman Sachs predicts: three consecutive rate cuts starting in September, each by 25 basis points, exceeding market expectations!
2. Verb Technology teams up with Kingsway Capital to establish a TON financial strategy company with 558 million USD in private placement, Ton coin price rises and then falls!
3. BONK burned 300 billion coins, worth 8.05 million USD, strongly boosting market confidence!
4. CEX altcoins fluctuate with the major market, ENA, magic, red lead the charge, Binance's new coins, spk, kernel, newt perform brilliantly!
5. On-chain craze! Troll's FDV is nearly 100 million, Lizard, chillhouse, gor, aura, tokabu are stirring up overseas enthusiasm!
6. The crypto party is about to begin! Towns and Prove are launching B安, Lizard skyrocketed 10 times, and an epic market trend is brewing!
BTC
Bitcoin macro favorable, but under pressure in the short term, needs to break through the resistance at 116,000. Yesterday's daily line closed positively, standing above 114,784, touching the bottom of the fluctuation box, which helps to form a bullish AMD pattern, but the bullish candlestick body is small, and the trading volume is low, with insufficient momentum. The 6-hour Vegas channel (114,635 USD) provides support, with 4-hour resistance at 115,700 USD.
The current market is at a turning point, with two possible trends:
1. If it falls below the support level, the market structure will change, and it may retest the bottom to 113,800 USD (this position is both the 50% retracement level and the previous head-and-shoulders bottom neck line). If it holds here, you can increase your position.
2. If it stabilizes at the support level and re-establishes above 116,000 USD or even higher, it will form an AMD pattern; if a double bottom structure appears, the upward momentum will be stronger.
Strategy: Those who are aggressive can wait for a pullback to increase their position. The conservative can directly hold spot or contracts and accept short-term volatility.
ETH
Ethereum's rebound momentum is strong, yesterday's daily line closed with a large bullish candlestick and increased trading volume, with the price stabilizing at the key level of 3,699 USD, showing obvious bullish signals. The one-hour trend is clear, and a slight pullback today is normal. If it breaks the previous higher low, the market framework will change, and Ethereum may follow with a pullback, with support at 3,543 USD (Fibonacci level, also the small head-and-shoulders bottom neck line).
Operational suggestion: If you don't want complicated operations, you can firmly hold and wait for a surge to 4,000 USD. Once it breaks through, market sentiment will be extremely exuberant, and the targets of 5,000 USD or even 10,000 USD will be hot topics, at which time you can take profits in stages.
Altcoin
Altcoins generally follow the major market, with a few performing strongly, such as ENA, magic, red, and Binance's new coins spk, kernel, newt, etc. The altcoin market is increasingly resembling the stock market, where those without value will continue to decline, while those with value will appreciate with the overall market. Quality coins like BTC, SOL, BNB, BGB, DOGE can be bought at the bottom; do not wait any longer.
September's interest rate cut is already a foregone conclusion, and speculation can be made in mid to late August. Before the rate cut occurs, as long as there's a pullback, you can increase your position. After the rate cut, be wary of risks!
On-chain
$blob achieves 3x again, 9 hits out of 9.
$aol (2M-12M, 6x)
$troll (22M-100M, 5x, large market cap)
$ani (30M-60M, 2x, large market cap)
$imagine (2.5M-10M, 4x, the peak has been indicated to exit)
$launchcoin (70M-100M, slow progress, recommended to wait)
$bonkyo (2M-4M, 2x)
$旺柴 (6M-8M, poor performance)
$wizard (2.5M-6M, 2x+)
$blob (1.5M-4.5M, 3x)
