📈 The market is in a wait-and-see phase: what traders should know on August 7
Today, the crypto market shows signs of calm. After the Fed's decisions and the publication of macro data last week, traders have temporarily switched to a wait-and-see mode — ahead is inflation data from the USA, which could set a new direction.
### 🔹 BTC: consolidation before the move
Bitcoin has been holding in the range of \$29,000–\$30,000 for several days. This is a typical accumulation zone that often precedes a strong impulse. Volumes are low, but tension remains. A breakout of \$30K or \$28.5K could bring a new wave of volatility.
> **Tip:** do not open positions in the middle of the range. Wait for a clear breakout.
### 🔸 ETH: weaker than BTC
Ethereum shows weakness against BTC, which may indicate a loss of interest in the short term. At the same time, technically ETH is trading in a descending channel, which opens up opportunities for trading 'within' the range.
> **Tip:** refrain from aggressive longs — the risk of false breakout is high.
### 🟣 TON: active in the news
TON (Telegram Open Network) is back in the spotlight — activity around the Telegram ecosystem is increasing. Trading volumes of TON are rising, and the market may be preparing for a strong move.
> **Tip:** watch the volumes. If TON breaks local highs — an impulse may begin.
### ✅ Conclusion
The market is currently in balance — this is a time **for observation**, not for hasty decisions. Inflation data, expected in the coming days, could seriously change the situation. Keep your position under control, set stops, and do not trade without a plan.
📌 *Your capital is a tool, not an emotion.*