Powell's dovish tone is resonating, and Sister Bei's actual account has recovered significantly, adding to full positions again, firmly optimistic about the future market. Last week, I mentioned that the large pancake would fall below the support of 112,000, and indeed there was a fake breakdown, combined with the interest rate cut benefits leading to a counterattack. Because the short-term rise was too fast, the indicators are being repaired over the weekend, and a pullback to support is a good entry opportunity; just buy on dips. The US stock market should still perform well when it opens next week.
The structure of the large pancake daily line W bottom has formed. After Ethereum broke through the historical high with increased volume, it has not stabilized yet. In the short term, the indicators are being optimized through fluctuations; breaking the new high again is just a matter of time. It is difficult to drop to a new low without significant black swan events. Of course, whether the large pancake can continue to break new highs in the short term determines whether the 4th wave adjustment is over and whether the 5th wave of rise begins.
The structure of Ethereum is quite clear; the rise of wave 3 is not yet complete. However, the historical high here could also become a turning point for the end of wave 3. The final result will still depend on where Wall Street capital intends to push the price. Ideally, it should continue to rise, allowing the historical high to become a major support level, which is more conducive to the healthy development of the market.
Therefore, the future direction of mainstream altcoins depends more on the trend of Ethereum. This week, aside from the standout performances of platform coins like OKB and BNB, several coins with expectations of October ETF speculation have also started to show strong performances. Sister Bei's heavily invested SOL has already broken through the short-term downward channel during this rebound, and the next challenge is the key resistance level at 220. I think there shouldn't be much of a problem here, and we can aim higher to 250. For those wanting to trade in waves, they can reduce positions in batches at 220 and 230, and look for opportunities to buy low as a strategy.
Sister Bei has also increased positions in RAY, PEPE, and SUI. The trends of RAY and SOL are quite similar, just a bit stronger; in the short term, 4.15 is also a good selling point, and one can follow the operations of SOL. After the false breakdown of the triangular convergence zone for PEPE, the rapid increase in volume and rebound is also quite good, rebounding up to 19%. The previous gradual decline without volume made me hesitant to increase positions; only when there is volume can we see the direction and trend. Since it is already clear, just continue to buy on dips. My view on PEPE remains that it can at least double to above 2000. For those wanting to trade in waves, they can reduce positions in batches at 1430 and 1630 and look for opportunities to buy low. However, the entire MEME sector is still in a downward channel and needs further volume increase to break through the channel pressure to be considered in a strong position. The situation with SUI is similar; only after breaking the downward channel can a significant market movement occur.
This week's actual account value is 2.2 million, with a floating profit of 572,000, yielding a return rate of 35%. Sister Bei has a script to share regarding the future trend. Since this wave of touching the bottom has seen a significant increase in volume, a phase transition point has formed. The lows of the large pancake at 111,685 and Ethereum at 4,060 will not return for a long time. If the market is good, we will have to wait for a bearish trend to see them again. The upward trend is also very clear, and moving forward, we will follow the US stocks to start speculating on interest rate cuts, continuously fluctuating upwards until September 18. By then, when all the good news is out, we will start a wave of adjustments and washing positions, followed by a full-scale rise in October, with mainstream altcoins flying together. So seize this opportunity and complete your positions; opportunities are for those who are prepared.
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