1. Market trend: BTC reaches a new high while ETH faces increased risk of pullback.
Bitcoin remains steady around $120,000 after reaching an all-time high, but recently shows a typical 'vampire market'—BTC is rising alone while mainstream coins and altcoins are under pressure. This divergence is actually a healthy signal for the bull market: after new capital enters, it will gradually rotate to mainstream coins like ETH and SOL that institutions focus on, eventually spreading to altcoins. Key support is at $119,200; if it holds above $120,000, the slow bull pattern remains unchanged.
Ethereum approaches $5,000 after breaking $4,300, with institutional buying driving FOMO sentiment. However, be cautious: after reaching a historical high, selling pressure may increase, and old investors may take the opportunity to cash out. Short-term support looks at the $4,492-$4,500 range; if it fails to hold, it may pull back to $4,180.
24-hour liquidation warning: Over 100,000 people have been liquidated across the network, totaling $423 million, with short positions accounting for 67% ($285 million), indicating a significant risk of leveraged chasing.
2. The eve of altcoin season! Selection logic and practical list of six potential coins.
Core selection principles (Beginner's guide to avoiding pitfalls)
Prioritize anti-cyclical old coins: new coins are prone to zeroing out, while old coins are safer after being washed out in a bear market.
Cash flow is king: projects must have real income (such as dividends or buybacks), rather than just telling stories.
Beware of VC chopping leeks: If the institutional cost of new coins is less than five times that of retail investors, avoid them.
Analysis of six potential coins in August
Based on the above principles, combined with on-chain data and technical analysis, focus on the following coins:
3. Operational strategy: Stealthily rotate, refuse FOMO.
BTC holders: Hold if it stays above $119,200; reduce holdings if it drops significantly.
ETH short-term: Take partial profits as it approaches the $5,000 area, and buy back if it stabilizes around $4,500.
Altcoins:
DOGE: Add positions after breaking $0.26, target $0.294;
LDO/XLM: Event-driven (laying out positions three days before meetings/reports);
ARB: If it stabilizes above $0.45 after unlocking, buy the dip.
Whale movements are a barometer: If DOGE whales increase holdings by over $50 million in one day, it may indicate an acceleration in market conditions.
Conclusion: Capital rotation is the core logic of the second half of the bull market.
BTC's new high is not the end but the starting point for capital to spread to altcoins. It is crucial not to chase BTC/ETH now, but to stealthily invest in altcoins with actual business support (such as LDO's staking income, ONDO's RWA implementation). Remember: 'What’s in the pot is also in the bowl'—after new capital enters, valuable altcoins will surely explode.
Continuously monitor: btc eth bnb
In this market, 90% of people are leeks, while 10% earn 90% of the money. Which one do you want to be? Will you continue to lose money, or learn the rules and become a hunter? Choose for yourself.
