In the past few days, #Bitcoin has received support twice near 112,000, and the 4-hour structure has preliminarily shown signs of stopping the decline. Especially yesterday's candlestick pattern confirmed this further, combined with the phenomenon of Coinbase premium returning—it's evident that funds from the U.S. stock market have come back.
ETH has also returned to 3700; as a strong representative among mainstream assets, its return often signifies that strong altcoins will start to follow. This is also one of the reasons I've been repeatedly emphasizing 'buy more as it drops' these past few days.
ETH: The consolidation phase is about to end, with a bullish signal established on the 3-day line.
ETH's three-day line highlights are here:
The last one formed a piercing pattern, with a clear reversal signal;
The pullback volume is shrinking; shorts are retreating;
The lower shadow line has not broken; support is stable;
Higher lows and highs are being raised, still hovering between the upper and middle Bollinger Bands.
Five out of six signals are bullish; ETH's current consolidation is about to end, preparing for a breakout.
Regarding altcoins: Value investing is a trap; memes are the exit for retail investors?
Currently, altcoins don't have significant opportunities, mainly focusing on light or empty positions. But this doesn't mean there are no chances—altcoin trends are becoming more like the stock market: only coins with clear narratives and adequate sentiment can bring you short-term opportunities.
I mainly focus on several sectors:
AI, RWA, L2, and Meme are currently the mainstream speculation lines in the market.
Remember this: Altcoins are for trading, not for belief. Catch the waves, take your profits, and don't fall in love with the battle.
For example, #Bonk and #Pump on Solana are still rotating through old coins, while new coins plummet directly after a round of soaring. This round, #LIZARD, #Spark, #bstr, #Mad, etc., all have short-term opportunities, but the key is to run fast. Make your profits and exit, don't think about a counterattack.
Although there is currently no strong meme sentiment on the #SEI chain, once a coin explodes and funds come in, the tools around the SEI ecosystem will automatically 'get to work', somewhat like the atmosphere before LayerZero caught fire.
DeFi: Stablecoin data is off the charts, is ETH's rise above 4000 just the beginning?
Recent data shows that the on-chain trading volume of stablecoins reached 15 trillion in July, setting a historic high!
ETH's price is strongly rising;
DeFi TVL has risen to 179 billion dollars;
USDC has become the most used stablecoin in DeFi;
The lending demand for USDT has also seen exponential growth.
However, the safety issue of USDC has also drawn market attention. In the future, the battle of #stablecoins may be the core trigger for a new round of explosion in the DeFi ecosystem.
#DOGE: Currently at the 0.618 retracement support level of the main upward trend, in a consolidation phase, still looking bullish for the future. It's advised to wait for a pullback before entering.
#PENGU (Little Penguin): A breakout on the 4-hour line after adjustment, strong expectations for a short-term trend reversal. If it holds a new high, it's bullish.
#ADA: A golden cross in three hours, the first since August, with a clear short-term bullish signal. If it breaks through the psychological barrier of 1 dollar, we may see a surge in trading volume.
Is the September FOMC a turning point for the market?
According to the latest data, the probability of interest rate cuts in September has reached 92%. If the Federal Reserve really cuts to 4% at the FOMC meeting on the 17th, it will be a substantial release of liquidity!
Historically, the starting point of each major market trend has almost always been on the 'expectation difference' line. And right now, we are on the edge of the next major upward wave.
That's it for the article! If you're feeling lost in the crypto space, consider joining me to strategize and profit from the whales!
