Crypto enthusiasts take note! Latest BTC situation + July's amazing strategies review, August opportunities are here
Family, the recent activity in the crypto world is quite significant! Today, we will dive deep into the current status of BTC, review those 'legendary' operations from July, and see if we can continue to profit in August~
1. Current situation of BTC: Intense tug-of-war between bulls and bears
In the past two weeks, BTC has failed to maintain the critical $115,000 level during the weekly fluctuations. The bullish momentum has weakened, with futures positions being liquidated one after another, but the spot premium still has support. Support levels are at $112,100, $109,888, and $106,800, while resistance levels are at $115,000, $121,000, and $123,300. These levels are indeed critical points that need close monitoring.
Currently, BTC is a bit weak, with ETF funds seeing net outflows for several trading days, and futures bulls have taken their profits. There hasn't been new capital inflow. However, the spot premium's support is stronger than in the previous two weeks, showing a divergence between spot and futures. This phenomenon looks optimistic, but the key is whether it can break out with volume and stabilize above $116,000. If it can, the bullish trend will continue; if not, it may test the $109,000 and $106,800 support levels. The next two weeks will be crucial for BTC's movement!
2. July strategy 'legendary' moments, profits hit the ceiling
- BTC: The strategy announced on July 1 made a 17% profit without leverage! Successfully escaping the top at $123,300, and precisely positioning short orders, all three profit-taking points for the month were hit. Those who followed along must be counting money until their hands are sore.
- ETH: Even more impressive! Precisely bottomed at $2,491, and accurately escaped the top at $3,850. Without leverage, the total increase was 54%, and there were no short positions, relying purely on trend strategies.
- SOL: Precisely bottomed at $150, held until taking profits at $203.6, with a total increase of 34%. Who wouldn't be envious of such profits!
3. August strategy has been launched, looking forward to continued big earnings
The monthly strategy for August was set on August 1, and the position allocation is currently being executed according to the strategy. Just a week has passed, and the strategy's value is still rising. I believe August can bring as many rewards as July did~
Family, July's 'legendary operations' have already proven our strength, and August's opportunities are right in front of us. Let's look forward to the subsequent market movements and strive to continue making profits!
