2025-08-16 Daily Line

Woke up late.

Took a look and it’s still in a corrective market, with no signs of major players or institutions stepping in. Notably, during the spike, BlackRock scooped up quite a bit of Bitcoin and Ethereum.

It doesn’t matter whether it’s a slow rise or a slow fall, the main thing is those key levels, whether they can hold. The market on Saturday and Sunday can be misleading, but the Sunday night line will not lie.

Currently, if ETH holds 4400, then there is potential for upward correction, and we can still see 4532-4550 here. If SOL holds 187, we can continue to look for it to correct to around 194. If BTC holds 1172xx, that would be the best case; if possible, it can correct back to the previous 1191~1193 range, which is still achievable.

If it continues to decline, sustained negative news will be needed. Aside from small retail traders, others’ comments cannot make the market fall for long; emotions will be digested.

If there must be a piece of news that can cause a sustained market decline, it would only be the expectation of no interest rate cuts in September. But whether there will be cuts is a September matter.

Still looking to see if it will reach up again; if it goes up again without making new highs but forms a double top or a lower peak, then this bullish phase may really be temporarily over. At that time, we will look at the date and the September interest rate meeting time to calculate how much time is left, which will give us an idea of what kind of correction is likely to happen.

I’ll go live tonight, just for some casual chatting, feel free to come hang out.