First, the July trading results: profit of 150K U, pure spot trading.
On the 4th, BCH staking was cleared, with a capital of 18WU. On the 4th, a profit of 8WU was made.
Nan Ge's insight: During a bull market, settle your accounts every month; every month is a new beginning. (Do not hold confused positions, engage in multiple segments and operations.)
Future market analysis:
BTC market cap share has dropped below the channel line.
Interpretation here: There is a need for a pullback in BTC market cap percentage. A pullback in BTC market cap percentage can only occur if the overall coin price declines, and BTC's decline will be less than that of other altcoins, leading to a rebound in market cap percentage.
BTC 12-hour MACD shows a high-level dead cross, and the daily MACD is also heading towards a dead cross. It is expected that in 3-5 days, the daily chart will also show a dead cross.
Operation interpretation: It is possible to take profits here. Take profits of 1/3 of the position.
BTC Fibonacci extension has reached the important resistance level of 61.8%. The passage of three bills has not stimulated BTC's price.
Summary: Multiple indicators for BTC are vibrating together. The profit-taking signal is clear; can take profits of 1/3 and wait for the daily MACD to signal, gradually taking profits.
XRP:
After the launch of XRP, there is no turning back, reaching new highs all the way. Strong bullish trend. Operation plan: hold and wait for MACD to signal. Subjective trading and taking profits are also options. It has already reached the 161.8% Fibonacci extension level.
ETH:
In a strong bullish market, there may be a BTC pullback leading the adjustment. However, market sentiment is strong, and the depth of the pullback is limited. If there is a pullback, it could be a good entry point, with expectations looking towards 4200. Similar ecosystems are also worth noting, such as DEFI categories like UNI, AAVE, and LY2.
SOL:
SOL's overall decline from the last wave of 187 to 125 shows overall performance is weaker than ETH. The bullish sentiment in this wave is also very weak, quite ordinary.
Currently at the previous high point around 180. This is also a key Fibonacci extension level at 61.8%.
Be prepared to take profits here; if BTC pulls back sharply, SOL will experience a greater degree of decline.
Thanks to all partners for their attention. Follow Nan Ge for market interpretation and let losses turn into 'Nan Nan Nan'.