8.7 Market Trend Analysis:

Bitcoin's recent slight drop, although only 2%, can easily lead to emotional fluctuations and chaotic stop-loss decisions. The overall market is still in a consolidation phase, just shifting from 'neutral consolidation' to 'bearish consolidation,' with the key being the support break earlier in August.

Now it is a typical meat grinder market—uncertain direction, chaotic rhythm, and difficult entry and exit, making errors more likely with each trade. However, there have been two instances of effective support around 112,000, and yesterday there was buying activity, with Coinbase premiums also returning, indicating that American investors are back in.

ETH has returned to 3,700, and strong mainstream coins are starting to come back, which may encourage several quality altcoins to catch up. Furthermore, the expectations for interest rate cuts in September are increasing, making this week highly likely a buying window.

🔥 Market Trend Highlights:

1️⃣ New coin $PROVE spiked sharply, listed on the Korean exchange Upbit, with noticeable hot money chasing.

2️⃣ Small coin $MEMEFI surged several times, with BN just delisting contracts, and speculation that trading funds may be transitioning from $MYX.

3️⃣ $TROLL 's market cap surpassed 200 million, as a new leader emerges in the Meme sector, with ongoing growing interest.