Bitcoin's highest yesterday was 114821, and the lowest was 112015, with a volatility of 2806 points. Ethereum's highest yesterday was 4340, and the lowest was 4204, with a volatility of 136 points. In the last 24 hours, a total of 77,827 people were liquidated globally, with a total liquidation amount of $224 million.
Today's hot opportunities:
1. Federal Reserve interest rate cut expectations: CME data shows the probability of a rate cut in September has dropped to 75%, and Polymarket's 25bp rate cut probability has dropped to 6.
2. YZY updates: The first buyer is a trader who made over $100 million in profit from trading TRUMP, with a team background from Libra.
3. MEonBTC collaborates with Spark: Launches BTKN Launchpad, providing diverse issuance mechanisms and creator incentives.
4. Exchange updates: Coinbase supports USD1, Upbit lists AERO.
5. OKB and X Layer: OKB rose to $258, and X Layer's 24-hour trading volume reached $68.2 million, an increase of 250%.
6. Today BitMine forwarded an interview video of BitMEX founder Arthur Hayes: he has repurchased ETH and said, 'the price will continue to rise,' expecting ETH to reach $20,000 in this cycle.
BTC
The daily chart of Bitcoin has formed a bearish engulfing pattern, but it is at a key support level and may rebound in the short term. Currently, it is a critical turning point; pay attention to the position of 112880 today. As long as it does not fall below this position on the 1-2 hour level, then a rebound may begin. The upper resistance levels to watch are around 113930-114750-115800! (I personally think there is a higher chance of a 'dead cat bounce', meaning a short-term rebound.)
If it falls below the position of 112880 today, then the 1-2 hour level rebound will fail and turn bearish. Watch for support levels around 111945-110520-109040.
ETH
The long and short battle for Ethereum is intense, with increased trading volume. Recently, its performance has been significantly stronger than Bitcoin, partly because some ancient large holders are selling Bitcoin to buy Ethereum, forming support. However, since the direction of Bitcoin is unclear, it is recommended that investors with insufficient strength remain on the sidelines to avoid becoming 'cannon fodder.'
Overall, today ETH is focused on the position of 4271. As long as it does not stabilize above this position on the 4-hour level, then a rebound may begin on the 4-hour level. The upper resistance levels to watch are around 4335-4385-4467!
If it falls below the position of 4271 today, then the 4-hour level rebound will fail and turn bearish. Watch for support levels around 4202-4160-4110!
Altcoin
In the last two days, there have been abnormal fluctuations in altcoin markets: when Bitcoin and Ethereum retraced, most altcoins basically did not retrace, and many have begun to counterattack. Although the momentum is not strong, there is hope for gradual strengthening in the future.
Core targets: LINK, ENA, SOL, continuing the previous tracking logic with stronger certainty in trends.
Low-level opportunities: JTO, WLD, although they are not performing as well as the top three, they are currently at extremely low levels, close to the absolute bottom.
This morning we talked about $FISH, which surged 150% after the lunch break.
Recently, the story of ground promotion is hot, and the ground-promoted $GOGSHIT has now retraced about 40%.
Remember one thing: high volatility brings opportunities, but also means deep pullbacks. If you want to be steady, earn money within your understanding range. If you don't understand, find me for a free consultation!
