In the past day, Bitcoin's price fell all the way to a three-week low of 112500, then rebounded to nearly 115000, but it cannot rise much further.
BTC
Looking at today's market, yesterday's Bitcoin daily chart showed a green candlestick from a low position. Although the overall trend is still in a downward trend structure, due to the support of the lower band of the Bollinger Bands and the double bottom formed by the lowest points on August 2 and 3, the market may perform a rebound from the bottom. Currently, the 4-hour MACD fast and slow lines are glued together, and the bullish volume bars have not gradually increased. In the 1-hour chart, due to yesterday's price rebound, the RSI is approaching the middle and is already close to the lower band, leaving little room below.
Suggestion: Enter long positions around 112600-113000, with a target of 113800-114600, and if broken, look towards 115400.
Ethereum
In the daily chart, yesterday's candlestick reached the middle band of the Bollinger Bands, and due to the support of the middle band, the price showed an upward thrust. In the 4-hour chart, the price has already run to the vicinity of the middle band, and due to the dual pressure of EMA24 and EMA52 moving averages, the coin price will continue to retreat downward in the short term.
Ethereum suggestion: Enter long positions around 4215-4235, with a target of 4300-4350, and if broken, look towards 4380.
Shitcoin
OKB today at 202, recently becoming the main character of platform coin trends, just like in 2018, with no other hot topics, just taking platform coins to speculate. Of course, OKB also has several favorable news, gas transfer fees are almost zero, and the number of tokens has been reduced from 300 million to 21 million. The only downside is that there is no contract mechanism, and it still exists as a standalone coin, so this wave of speculation is only short-term. However, it should be noted that its meme potential on-chain is very large, making it easy to create hundred-fold coins.
OKB indeed still has potential, but it can't keep rising in the short term, as there will always be a process of wash trading. Everyone should pay attention to the difference between long and short-term when operating, so on the short-term part, the research report has been consistently reduced, but it won't be cleared.
Recently, the European and American chains have been very popular, all targeting meme coins, somewhat like the SOL and BNB of yesteryear, which is worth paying attention to. However, one should only invest one-tenth of OKB to play around (most of the good ones are at midnight), using small bets to gain large rewards, and it is not advisable to use valuable coins to gamble on meme coins.
Kanye's coin flop? YZY surged then plummeted, insider trading made millions.
Kanye's coin YZY has finally launched, personally endorsed after a six-month delay, with its market value once exceeding 3.4 billion dollars. But it's still the old routine: high control, insider funds rushing out, and front-running profits. Kanye is very serious this time, even releasing promotional videos, but from 'firm denial' to now personally taking the stage, the inconsistent attitude makes it hard to trust.
On the other hand, the market has been scared by celebrity coins. YZY holds over 70% of its share in the hands of the team and insiders, with limited circulation. The KOL address for issuance shows that most who rushed in made some small profits and left, but the wealth creation effect is far less than Trump. On one hand, internal wallets bought aggressively, leaving little profit, using 25 contract addresses to package, actually to leave room for 'internal funds.' Insider wallets built positions early and sold high, with some accounts profiting millions.
The control model is almost a direct copy of the previous RUG coin LIBRA, rumored to be operated by the same team, even dragging in consultant Hayden Davis, whose funds were just unfrozen. Coinbase executives have also pointed out that 94% of the chips are internal, with very low participation from external funds.
YZY chose to issue coins in the Asian time zone, directly harvesting the Chinese market, quickly halving after reaching a high, basically a one-wave flow. The biggest problem with celebrity coins is that no one is willing to provide real capital for market making. Once fan enthusiasm wanes, it will collapse, so those who didn't get on the first wave should avoid it later.
Overall, the current market is still in a volatile pattern:
Although Bitcoin and Ethereum show signs of rebound, the technical aspects still need confirmation of direction; OKB has been booming in the short term due to the popularity of platform coins and on-chain sentiment, but it cannot escape the rhythm of wash trading; and Kanye's YZY coin launch again verifies the speculative nature of 'celebrity coins' — after a wave of hype, what retail investors are often left with is just the awkwardness of high positions.
In this environment, prudent investors should distinguish between long and short-term logic and must not blindly chase high prices. The real opportunities are often not in the noise but in the low-position layout after patiently waiting.
