Last night, Bitcoin and Ethereum accelerated their rise! Bitcoin once again reached an all-time high, peaking at $124,474. Currently, Bitcoin is fluctuating around $121,900 after a pullback. Ethereum skyrocketed to $4,788. Fans who bought the dip at $3,380 for ETH and $1,121,000 for BTC have made a fortune! Yesterday, Sweet Dream timely reminded that the short position couldn't go down anymore, suggesting to take profit and exit, while holding long positions. I wonder if any fans have held on.
BTC
Bitcoin has reached an all-time high. The daily level lacks structural support, but the Fibonacci calculation at the weekly level shows the 200% position at $132,000, which aligns with the $134,000 target height calculated from the 4-hour cup-and-handle formation. Therefore, I expect it could rise to $134,000.
Currently, Bitcoin has pulled back after peaking near $124,500. Today, focus on the support rebound situation at $121,488-$120,488. If it holds, it will continue to rise. Initially, I will look at $125-$126. Only after reaching this level will I consider positioning for short-term shorts. If it breaks this support, the next support is at $119,188-$118,188.
The overall trend on the daily chart remains clearly bullish, and as long as the daily line holds the key support at $118,000, this bullish trend will not change. In terms of operations, continue to maintain a low long strategy.
ETH
ETH just synchronized with Bitcoin's pullback, with a 15-minute MACD returning to zero and touching $4,794, just 2 points away from the highest point I saw yesterday at $4,796.
ETH's recent surge was very targeted, directly liquidating all the short positions above! Just now, at the high point of $4,792, it directly liquidated $457 million in short positions and then pulled back. One can only say it was too targeted.
Currently, Ethereum is just a step away from its historical high, likely to break through. The trend is similar to Bitcoin's one-sided rise during the 2023 ETF phase, with almost no decent pullback and lacking low-buy opportunities. On August 9, Sweet Dream published a reminder that the monthly zero-cross golden cross for ETH is about to form, and Ethereum immediately began a crazy surge. Now this golden cross has only just poked its head out, so the real big trend is still ahead; buy on dips during pullbacks.
SOL
Yesterday afternoon's prediction for SOL was correct. The bullish defense line is at $194.00. Currently, the monthly golden cross for SOL is about to form. If it stabilizes at $200, it will be the bottom of this major wave from $200 to $300. If there is speculation on an ETF, SOL is likely to become the third mainstream coin for a pump.
Key reference points that bulls will focus on: 219, 236, 246, and if it breaks a new high, then watch 322-350.
Altcoin
Ethereum surged to $4,700, and the next 20 days will start a major uptrend. Many somewhat valuable coins are quietly raising their bottoms, which is a trial action before a big pull-up. From August 15-25, there will be significant upward momentum, and from August 26 to September 10, rocket mode will begin. This 20-day golden window means those who can read and understand this article will be ahead of 99% in the circle.
ETHFI
ETHFI rose more than a dozen points overnight, but you can continue to hold it, as it's still rising. Many are starting to catch up, and Sweet Dream's Heyi has made a profit of 155%. The outflow of funds from Ethereum into the ecosystem is inevitable, so hold on tight.
DOGE
Sweet Dream publicly recommended going long yesterday, peaking at $0.255 and currently pulling back. Sweet Dream made a profit of 101% going long. Looking at the current trend of Dogecoin, there may be a rising market ahead. The bottom of the pullbacks is gradually increasing, and the high points are getting higher, clearly indicating an upward trend. If Dogecoin breaks $0.26, it could accelerate its rise. Don’t short just because of resistance; it’s easy to get wrecked.
OG
OG has been rising for more than a month, increasing fivefold. Sweet Dream entered OG at $13.5 and targets $15 first, then $17! We are basically completing Sweet Dream's target now. I believe those who followed along have already made a huge profit! This blood-sucking market, Sweet Dream can still take everyone to pick hard altcoins to earn big! How awesome is that! Currently, Sweet Dream has taken all profits!
Today's Wealth Code
$BTH: KOLs and front-row addresses have been washed out significantly, but the community foundation is still there, after all, so many big shots are involved in this project. The hourly line is basically consolidating between $3 million to $5 million, and the daily line has shown a bullish trend. Most importantly, it has not had a second wave yet. Right now, we are betting on whether there will be a second wave to stand back above $10 million. Bottom consolidation generally takes a while to stabilize, so if you bought, you need to hold on. The lower point to watch is $3 million. If it breaks, just run away.
$UNI: High market share, actual revenue, and riding the wave of institutional entry into Web3, coupled with the recent DUNI proposal legally empowering the price, there’s no reason for the price not to follow. I’ve seen several crypto giants have already built significant positions in advance, and today there seems to be signs of starting.
$PEPE token: short-term performance is weak, but there is potential for a cup-and-handle breakout, with a target possibly reaching 0.000015.