Crypto Blogger Express

1. Top trader Pigeon Eugene Ng Ah Sio

Pigeon update last night:

Going out for a walk to touch reality - if there are obvious misalignments in the market, I will come back, but I feel like now is the season of 'doing less is better.'

(Pigeon thinks the market is difficult to navigate now and has decided to take a break; if the market crashes, he will come back to buy the dip.)

2. Trader Vivian

BTC long-term market analysis:

Updated at 8:26 PM Beijing time on August 7:

Prepare ammo. Start entering positions in batches from tomorrow's Asian session: invest 30% tomorrow, 50% when it reaches a full moon on Saturday, and keep 20% of bullets.

This 20% of bullets is to deal with the possibility that the price is lower than expected (below 108888), allowing for room to add positions. I am referring to Monday's false move.

I personally believe that a decent rally will happen as early as Sunday - a one-sided green market from 108K to above 116K. I will continue to update the situation.

Short-term market analysis of BTC:

Updated at 8:21 AM Beijing time on August 7:

No changes since the last video update; I still expect a spike around midnight in the London session, sweeping up to 116666 before falling.

Updated from 6:34 PM to 8:25 PM Beijing time on August 7:

116K has arrived, "the black line script has been fulfilled."

Only trade what has been given until the structure changes.

Avoid frequent trading; at least wait until the candlestick is accepted into the range of the previous trading day before considering.

As of 8 AM (Eastern Time), the 4-hour candlestick of BTC has not been accepted into the previous range, and the current 4-hour candlestick is not a reversal candlestick.

BTC.D (Bitcoin dominance) has held support on the 4-hour chart, which means Bitcoin is likely to sweep away the liquidity above 116666.

Currently, altcoins are not ready to enter a full short phase.

To achieve this, we need to have a close below 115K on a 4-hour or daily chart, which would reduce bullish sentiment in the market and lead to a consensus expectation.

The arrow position is the ideal entry point for a short position.

Ideally, this arrow would appear during the Asian session.

(Vivian mentioned a few days ago that BTC would sweep up to 116666 before falling, and that has now been realized; she believes the next move will be down but needs to wait for a 4-hour or daily close below 115K, then short on the rebound. She plans to gradually enter long positions around Saturday.)

3. Top trader Joshua

(Joshua hasn't updated)

4. Top trader Altcoin Sherpa

Updated tonight at Beijing time:

The daily candlestick of Bitcoin looks very strong; if it can stabilize, I believe we will charge towards $120,000.

The chart of Ethereum is really very strong. With such strong buying support, it is just a matter of time before ETH breaks its historical high in the medium term.

Fartcoin: The formation of a bottom often takes several days or even weeks. The longer it takes, the more intense the rebound tends to be. In my opinion, we are building a bottom here.

(Sherpa has always been bullish; he currently holds some BTC and fartcoin spot.)

5. Top trader Saint Pump

Updated tonight at Beijing time:

Several weeks of consolidation ended at the low point at the beginning of the month. A new high is expected to be reached by mid-August.

(Saint mentioned at the end of July that the bottom would be seen on August 4-5, and this has now been fulfilled; he now believes that BTC will reach a new high again in mid-August.)

6. Top trader Pentoshi

Updated this morning at Beijing time:

$ETH is likely to reach a new high point in the near future; it is no longer a question of 'whether it will reach' but 'when it will reach,' supported by the strongest fundamentals and demand in years.

The hardest part is patience, because there will definitely be false breakouts along the way, as we have already seen.

Since the last post (July 18), the holdings of $ETH on exchanges have dropped to a new low not seen in 9 years, the last time it was this low was during the ICO period.

Of course, supply may increase, but we cannot ignore the fact that if demand remains strong, the market could become extremely irrational, which is something we have seen before.

Update tonight:

$ETH has broken through again,

Really exciting,

Like an insatiable black hole of demand.

(Pentoshi believes that because institutions are continuously buying and hoarding coins, the supply of ETH on exchanges is gradually decreasing, and breaking a new high for ETH is just a matter of time.)

7. Elliott Wave Theory by Liu Yudong

August 7, 2025 Daily Chart

The rise starting from 74508 has a trend line, which is currently at 112501. If it breaks the trend line, it means the top at 123218 will continue to expand.

The rebound after the Nasdaq peaked and fell has consumed 70% of the drop, but the rebound of the big pie has not even consumed 50%, lagging behind the Nasdaq. Not breaking 117436 is not acceptable.

(Liu Yudong believes that BTC is weak if it does not rise to 117436, and there is a high possibility of falling back to 112501.)

Five, Summary

Vivian mentioned a few days ago that 116666 has hit tonight; after sweeping away the short liquidity, it is now facing resistance at this position. According to Vivian's prediction, it will first fall below 115K, then rebound, and continue to fall.

Recently, Liu Yudong’s view is also similar to Vivian’s, both are bearish in the short term. Last week they both looked bullish and both got wrecked; they can't afford to get wrecked again this time, right?

There are many people in the market looking bullish on BTC and ETH, but not many looking bullish on altcoins, even SOL is not favored.

I am currently still in cash and plan to continue waiting; I will fully enter on a crash; I've waited so many days, I'm not shorting for just a couple more.

RunnerXBT also mentioned in the Telegram channel that he plans to take profits on long positions from today to tomorrow; Pigeon ran away yesterday, everyone should consider how to guard against one wave.

Statement:

The above information is for reference only and is not trading advice; the cryptocurrency market is high risk, participation should be cautious.

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