I. Cryptocurrency Market Fast Track
1. Altcoin Market
Excluding the total market cap of the top 10 altcoins, we encountered resistance around 314B, still in an upward trend. The best time to go long is when it retests the EMA144 moving average.
2. Total Cryptocurrency Market Cap
Today's pullback followed a breach of the 4T resistance level.
3. Liquidation Heatmap
From the liquidation heatmap in the weekly chart, shorts are being cleared quickly. There is a large amount of long liquidity around 115K.
4. Fear and Greed Index
Fear and Greed Index 62, the index has grown rapidly in recent days, and market sentiment has improved.
II. Fast Track for Cryptocurrency Bloggers
1. Top Trader Dove Eugene Ng Ah Sio
Updated at 1 PM on August 9 Beijing time:
Nothing more to say... the 4k resistance level has already been breached, so I went long accordingly.
Now we just wait for Tom Lee to lead us to the 'Promised Land.'
Updated at 1:23 AM on August 10 Beijing time:
Leveraging ETH β (beta) means that as long as ETH, the underlying asset, is in a trend, degens (high-risk speculators) will always return to it.
As time goes by, the market will favor different targets, but these targets all have one flaw - they do not perform ideally when acting as 'beta.'
The definition of Beta means: when the underlying asset (ETH) fluctuates, beta assets should have >1 correlation. For other altcoins, this usually requires funds to flow from ETH into these altcoins.
In the past, this was indeed effective in a market with limited asset choices, but in today's market, there are too many currencies trying to act as ETH β, which instead leaves people at a loss.
However, there is one type of asset that remains relatively low-key to this day, which is NFTs. Its uniqueness lies in the fact that the prices of NFTs are quoted in ETH, so you don't need to sell ETH in the market to exchange for this asset to realize the 'β' effect. Even if there is zero speculative interest in a specific NFT, just holding it can allow you to rise along with ETH.
I suspect this situation will change when ETH approaches historical highs, and the market will realize that speculating on NFTs is more direct than chasing some ETH β coin. This happened in 2021, and I don't think it won't happen again.
Currently, I believe there are only two NFT series worth speculating on:
1. Punks
2. Pudgys
I have never been a successful NFT trader myself, so I really want to see if this hypothesis will remain just a hypothesis, or if this is truly a brewing opportunity.
(Dove saw ETH break 4000 and chased after ETH. The Dove believes that after ETH breaks a new high, ETH's β assets will also follow suit, but there are too many β coins for ETH, so he chose to buy NFTs. Last year, ETH's β coins PEPE, ENS, LDO, etc., performed excellently, but this year's performance is mediocre. NFT risks are also high, and the selection difficulty is great, so everyone should be cautious.)
2. Trader Vivian
Updated at 8:00 AM on August 7 Beijing time:
Weekly closing update:
Next, the bulls continue; Monday's false move is a long signal. Unfortunately, BTC.D held the weekly support, so (altcoins) will not have a breakout this week. It would not be surprising if tomorrow's high is rejected and falls back, at most a 15% drop.
Currently, the price is expected to continue to climb slowly, with the next target: BTC 120k, ETH 4444.
Updated on the 11th at 10:01 AM Beijing time:
BTC 120k has been reached. Give altcoins some time, and they will surge one after another.
When the total market cap (4T) is reached, liquidate all leveraged long positions; there is no need to worry about spot, we will continue to average down.
Begin to gradually lock in profits for leveraged long positions, and adjust the stop loss for all ongoing long positions to the breakeven level.
The long positions in the Asian session have been closed for profit. Do not short without my reminder.
(Total Cryptocurrency Market Cap) 4T is an important psychological threshold, and there will be some selling pressure at that time, but there are still some targets not reached, such as ETH 4444, SOL 188, BNB 821, etc., so don't rush to short.
We closed altcoin long positions early, taking some small profits. When the New York session starts, there will be a small rebound, after which we can short; skip trading during the London session.
Good night
Updated on the 11th from 7 PM to 8 PM Beijing time:
No trading today due to personal emergencies.
This is a pullback for 4T, no need to worry; if 3.7-3.8 holds, we will plan to buy later this week - this is directed towards spot investors.
Sorry leveraged traders, I couldn't bring you to short today; please manage your positions yourself.
As mentioned last night, this NPOC is the point for replenishing/re-entering long positions (116460).
This chart - note the M shape at position 120. This is a warning for leveraged traders, so be careful when entering short positions. A maximum drawdown of 5% is not exaggerated.
Equivalent ETH Chart
Updated at 9:10 PM Beijing time on the 11th:
I'm back! When the time is right, I will release trading signals.
An aggressive sell-off occurred at 120-121. The last trading session lost at 120.5. The 4-hour low is at 119.5.
So first check the 4-hour lows, then retest the 120.5-121 range before considering re-entering shorts.
If you have already shorted in the morning, please close your position between 12 PM and 3 PM. We are moderately bullish from Monday to Wednesday, so we are going long on ETH. The high on Wednesday is from 120 shorted to 116, holding the short until Friday.
Then restart going long on Friday.
A small rebound during the New York session can be shorted, and I will try to seize the short opportunity at the New York open (I will do my best to catch it).
(All times are in Eastern Daylight Time)
(Vivian believes that when the total cryptocurrency market cap reaches 4T, there will be a pullback, and it reached that point at 1 PM this afternoon and has started to pull back. She believes BTC will retrace to around 116460, ETH to around 3900, and then continue to rise. However, in the short term, it will first rebound from 119.5.)
3. Top Trader Joshua
(Joshua has not updated)
4. Top Trader Altcoin Sherpa
Updated tonight Beijing time:
I'm not too fond of the $BTC CME gap.
Uncertain when it will be replenished, but if the price slowly grinds down to 118k, it may temporarily pause our good play.
$SOL will eventually have a wave of market activity, but I believe it may still lag behind ETH and BTC overall in the short to medium term.
There could be many reasons behind this, but the simplest reason might be that funds are flowing to DAT; currently, the inflow of ETH is greater (at least for now).
I expect ETH to continue to outperform SOL unless there is a significant catalytic event.
(Sherpa believes that if BTC falls to 118K to fill the CME gap, the rise will stagnate for a few days. Institutional funds have not yet started buying SOL, and in the short term, SOL will continue to be weaker than ETH.)
5. Top Trader Nachi
Updated on August 9, Beijing time:
Over the years, Ethereum has lacked someone like Michael Saylor - joining the team, voicing for it, while continuously printing money to buy the target assets, as part of its treasury tool.
And now, Tom Lee is the ETH version of Michael Saylor that we have been waiting for years. He is the best 'storyteller' for ETH. During my relaxing vacation in Singapore this week, the only trade I made was to buy more $ETH and $BMNR (stock code).
He buys ETH at a rate 12 times that of Saylor and is also promoting Bitmine, claiming that its money printing speed might be 12 times faster than MSTR - the story is told very impressively.
Ethereum's market cap is lower now, benefiting greatly from faster interest rate cuts, more favorable regulation, and Wall Street's accelerated entry into the cryptocurrency market. Now we finally have Tom Lee continuously tweeting bullish posts every day - buying more ETH and BMNR is simply common sense, right?
In addition, it is also 'Treasury Company Season' (treasury-co szn), and BMNR is that ticker. By the way, I am an early investor in BMNR, but I still feel my holdings are not enough.
(Nachi believes that with the continuous buying power from treasury institutions pushing ETH to rise, he has also held a lot of ETH and stocks from financial companies.)
6. Top Trader Reetika
Updated last night Beijing time:
$ETH after this wave of market activity has a very clear new critical boundary. If it wants to challenge the historical new high (ATH), the price should not return to the previous range.
Maintain risk exposure when above the purple area and trend line; reassess if it falls below. Keep a simple mindset.
(Reetika believes that as long as ETH does not fall below 3800, it can break the historical high.)
7. Wave Theory Julius Yudong
Daily chart for August 11, 2025
The rise that started from 74508 has a trend line, and today that trend line is at 113707. The short-term pressure is at 119829, and if it breaches that, the probability of a new high will greatly increase. 119829 is also the last defense line for shorts; once breached, it will be unbearable. After the shorts are liquidated, a decline will follow.
Julius Yudong said the pressure level of 119829 was directly breached today, reaching a maximum of 122335. After squeezing the shorts, it began to decline, consistent with what Julius Yudong said. The support level below is at 113707, with fluctuations in between.
Summary
This morning, BTC went straight to 122K, cleared the shorts, and then started to decline, which is consistent with what Tiafiro said about the false breakout before a new high, and what Julius Yudong said about the decline after liquidating the shorts. Vivian and Woods are also waiting for BTC to retrace to around 117K before going long.
Note that placing a buy order at a low level does not mean you should short to that order level, as the risks and logic of the two differ.
Either wait for a pullback to buy, or stay out of the market; don't short. I've always said that shorting is much more difficult than going long, and the returns are not as good as going long.
Statement:
The above information is for reference only, not trading advice; cryptocurrency trading is high risk, participation requires caution.
Community Introduction:
Crypto Fast Track is a cryptocurrency trading learning community that aggregates high-quality content and helps retail investors grow. We are committed to:
• Selected and summarized the latest market views and analysis from top traders worldwide.
• Aggregating and forwarding content from dozens of well-known domestic and foreign bloggers' paid groups and internal groups, real-time forwarding of first-hand information.
• Community with zero threshold, friendly atmosphere, mutual assistance and learning among retail investors.
• Advocating learning, providing free learning materials and online training courses covering technical analysis, position management, etc.
• Continually developing information processing and trading assistance tools to improve decision-making success rates and reduce time costs.