Recent articles about altcoins have covered quite a bit, today let's talk about something different from another angle.
#Bitcoin has entered a consolidation period again, with the interest rate cut in September approaching, real FOMO may happen at any time.
At the 4-hour level, pay close attention to the 117,000 support. If it breaks, it may retest 112,000 below. Once it fails to hold, the short-term market will be quite tricky, so this is very critical.
On-chain data remains robust, but attention should be paid to position control.
From the clearing map, long and short positions are concentrated in the range of 110,000 to 120,000. If the main force pushes it down to around 110,000, it may complete a long liquidation.
Now many people are worried that Ethereum will fall back below 4000, but there is no need to panic. The support below is solid, and the pullback feels more like a washout and energy accumulation.
#ETH's overall trend is still upward, with bearish volume decreasing, indicating it is not the main force unloading but healthy consolidation.
In a bull market, resistance levels are meant to be broken: rise for a while, pull back for a while, then rise again. When a stop-loss signal appears, it's an opportunity to get in; don't let emotions sway you.
ETH staking and capital flow
The aunt has withdrawn 850,000 tokens from the staking queue this week, setting a new historical high, which may bring short-term correction pressure. Coupled with the discount of staking derivatives and liquidity risks, it may trigger a chain reaction of forced liquidation and selling pressure.
Recently, there are also tokens like #FTN, #ZRO, #ZK unlocking, which need attention.
On the other hand, the total locked value in L2 has risen to $45.19 billion (concentrated in ARB, BASE, OP, ZK), and RWA locked value has surpassed $13.41 billion, indicating a high concentration of funds.
If ETH can strike 4700 again and stabilize, altcoins are expected to welcome a rebound opportunity.
Altcoin analysis and reading recommendations: Going viral across the network! Ethereum's energy accumulation is complete, and the next step aims directly at 6600? These four major ETH ecosystem potential coins may take off 30 times.
Everyone says the bull market has changed, so what is different about this round of the bull market?
Each round of the Bitcoin bull market has new narratives and fresh blood, but one thing remains unchanged - retail investors' enthusiasm for freedom technology and financial freedom.
But this round is a bit different: Google search popularity is even less than 'Japanese walking' or 'Labubu dolls.' Once enthusiastic taxi drivers, distant relatives, kindergarten teachers... have remained mostly silent.
The absence of retail investors is not due to a lack of understanding, but because the market environment is different: the launch of the Bitcoin ETF, presidential-level attention, Larry Fink controlling the World Economic Forum... these events make many people feel that "this game is not suitable for me." Compared to the speculative experience of the last bull market, retail investors are clearly more cautious.
Bitcoin has consistently stood above $100,000 for 100 days, with the 200-day moving average breaking above $100,000, which is a strong signal for traders and long-term holders. With both price and moving average breaking through historical resistance levels, a new wave of growth could start at any time.
Meanwhile, this bull market is also eliminating some long-term holding whales, freeing up space for institutional funds.
Retirement accounts starting to include Bitcoin and crypto assets means that tens of millions can legally accumulate "hard currency."
However, the absence of retail investors makes this wave of the bull market appear particularly 'calm,' also reminding us - opportunities lie in understanding market rhythms, not blindly following trends.
Summary:
Consolidation ≠ peak, pullback = energy accumulation.
Hold the support, keep an eye on the funds, ETH and altcoins still have a chance. Don't disrupt the rhythm of the bull market, stabilizing your position is the opportunity.
👉 The discussion on altcoins will be in the next article to avoid excessive length, so I won't elaborate here.
The market comes wave after wave, going solo makes it easy to get lost.
If you want to seize the next doubling opportunity, feel free to join my circle, and communicate with a group of old friends to bottom fish! Let's avoid detours together and outperform the next bull market!
