BTC's rebound strength is relatively weak, while ETH is quite strong. The ratio has returned above 0.032. Whether this strength can be sustained in the future depends entirely on the off-market financing capabilities of sbet bmnr and others, as this round of ETH has no narrative, and retail investors have basically not participated enthusiastically, relying purely on off-market financing to drive the price.
Bitcoin has not stabilized at the 4-hour level, and there is a possibility of another drop to test support. Contract users should pay close attention to the risks. However, the decline is expected to be very brief, and we will see signs of market revival after this week. The market is eager to speculate on the expectations of interest rate cuts in September, so it is very suitable to start positioning some quality leading altcoins from now on. This is the basic logic of 'buying more as prices drop' that I mentioned earlier.
zora
The pattern looks good, forming a head and shoulders bottom pattern, with the price oscillating around the neckline. You can buy near the current price of 0.067. This coin tends to have large fluctuations, so a small position would suffice for speculation. Next, it could either take off directly or pull back to around 0.065 before taking off again, so you can leave some room for additional positions.
TON
TON also has large treasury companies now. Verb Technology (Nasdaq: VERB) announced the completion of a $558 million private placement financing round and plans to transform into the first publicly listed strategic company for TON reserves. The company will be renamed TON Strategy Co. and will use TON as its main reserve asset. Currently, TON's circulating market value is $8 billion, and the more than $500 million in buying power is quite considerable.
Each time TON touches the lower boundary line, it has rebounded, indicating strong support here. Therefore, a rebound is expected upon touching, and this time it accelerated directly after touching. The speed of each rebound is increasing, and the highs after each rebound are getting higher, so we can look forward to a short-term high this time and position a bit at lower levels.
AI sector (WLD\FET)
Reuters reports that GPT-5 will be officially released in mid-August, and related prediction markets on Polymarket show that the probability of GPT-5 being released before August 10 is as high as 82%. Moreover, it has recently surged by 31% in the last 24 hours. It is well-known that the release of GPT-5 has been promoted by Sam Altman as the 'AGI moment.' I personally judge that it will trigger a phenomenon similar to the AI Agent speculation in Q4 2024 in the crypto market. It is time to seize the opportunity to position AI-related assets.