The impact brought by the news will have a lag; after the market rebounded, two favorable factors emerged. The first is that Trump allowed pension funds to invest in cryptocurrencies, and the second is the unemployment claims data released at 8:30. The initial jobless claims number for the week ending August 2nd was 21.9, with market expectations at 22.1, and the published value at 22.6. Under the support of these two favorable factors, the market has accelerated its recovery.
WIF currently faces resistance at 0.94; only by stabilizing here can we see WIF above 1. The first target is around 1.02, which was support in the last round but has now turned into resistance. This is also the last barrier before 1.15.
NEIRO was pushed back as soon as it reached our cost price near 0.00042, which is also where the resistance lies, with support around 0.00038. At this position, it is appropriate to increase holdings slightly, and the first reduction position is set around 0.000445.
In the BNB ecosystem, 0.35 has THE positioned, and 2.7 has CAKE positioned. THE can reach around 0.43, and CAKE can reach around 3; continue to hold.
In the SOL ecosystem, 0.47 has JUP positioned, 1.6 has JTO positioned, and 2.6 has RAY positioned. The first reduction position for JUP is around 0.52, for JTO is around 1.85, and for RAY is around 2.9.
In the AI ecosystem, 0.65 has FET positioned, and around 340 has TAO positioned. The first reduction position for FET is around 0.72, and for TAO is around 390.
Additionally, the profits from some MEME positions are gradually expanding. The upward trend of Bitcoin and Ethereum is still ongoing; continue to hold. When Ethereum reaches the resistance around 3920, make a decision on whether to reduce positions based on the situation at that time. Currently, Ethereum's support is at the 3800 mark; if it can pull back without breaking this, we should be able to see Ethereum above 3900 this week.