Cryptocurrency Market Analysis

Currently, the overall trend of $BTC is still in adjustment, with a key support level around 110600. Without the risk of altcoins, the potential for greater returns is also higher. If you are worried about missing out on opportunities, you can build a small bottom position. For short-term strategies, you can take advantage of rebounds during declines, but make sure to set stop-loss orders. Tonight's Jackson Hole meeting, along with other macro events at the end of the month, may bring significant volatility, and the market is likely to fluctuate until early September before gradually establishing a direction.

At present, the main focus of the market is still on ETH. The short-term resistance level is at 4400, and there may be a pullback around 4100. Only by stabilizing above 4400 can there be greater upward potential. BTC is generally weak and may need to approach around 112000, but that position could instead present a better mid-term opportunity. The main battlefield for funds is still concentrated on ETH, while other altcoins just follow the wave of sentiment.

In terms of sectors, oracles and tokens like CFX and OKB, which are news-driven, may experience a second wave of market activity, but the risks and pullbacks are also significant, making them suitable for small, short-term participation. For example, CAKE still has some room to make a move, but don't expect too much; reaching a new high would be good enough. The logic for CFX remains intact, as the upgrade expectations in September support its trend, making it viable for mid to long-term positions, but one must accept the characteristic of high volatility.

Overall, there aren't many opportunities in the current market. The most stable direction is still ETH, and altcoins are suitable for light participation to chase themes. Remember this: high volatility brings opportunities but also means deep pullbacks. If you want to be steady, focus more on BTC, ETH, and mainstream coins, earning money within your understanding range.