Let me talk about a few altcoins. On Wednesday afternoon, I recommended 5 altcoins. Since the recommendation, I have calculated that the overall return of these 5 altcoins is 167%. This is without leverage, of course, you can exclude the 100% increase of OKB, and the remaining 4 coins combined still have a 67% increase.
Next, let's discuss the market. On August 15, I predicted that ETH would aim for a target of 5000 by the end of the month. Last night, ETH led a surge, breaking through to a new historical high at the position of 4888. It is now entering a consolidation phase, waiting for the next surge.
Today is the weekend, with no sudden news and no influx of funds. How will the market move today?
Today's market (1 day)
Current BTC price: 116100, watch 114000, resistance 117777
Current ETH price: 4750, watch 4666, resistance 4888
End of month market: ETH aims for 5000, BTC aims for 128888, expected to complete by the end of the month.
Early September market: Around early September to September 20, ETH is expected to drop to around 3500, BTC to drop to around 100000.
Medium to long-term market: BTC aims for 138888, ETH aims for 5500, expected to reach around October 15.
Long-term market: ETH aims for 8888, BTC aims for 148000, expected to complete by the end of December.
Today’s pullback for ETH will test the 4700 position.
BTC has not stabilized above the 116666 dividing line, so it is very likely to also pull back to the 115000 position.