In the new week, we finally welcomed a wave of ‘explosive’ market movements in the evening. The feeling of rising during the day and in the evening is so exciting. Bitcoin and Ethereum rebound after a sharp decline! Bitcoin surged 5000 points, and Ethereum broke through 3900 USD!
Today's hot opportunity:
1. Vine has increased more than 5 times since Musk mentioned it, with some wash trading in between; investors who did not hold may regret it.
2. ETH broke through 3900 USD, and the DeFi ecosystem's ENA performed strongly, with external funds continuously buying 5 million USD daily for 42 days.
3. The ZORA of the Base ecosystem continues to rise, increasing tenfold from the bottom, with a highest FDV of 1 billion USD.
4. BNB continues to reach new historical highs, boosting related ecosystems like Cake, with a weekend increase of over 10%.
5. This week, tokens like SUI, JUP, ENA, OP will have large unlocks, with a total value exceeding 300 million USD.
6. The NFT market is warming up, with NFTs in the ETH and BTC ecosystems generally rising significantly, but retail investors should be aware of liquidity risks.
7. The BRC2.0 concept continues to be favored over the weekend, with NFTs like adderrels and liquid rising from the bottom, and squirrels even increasing over 100 times; after the launch of BRC 2.0, these NFTs can be exchanged for tokens, and it remains to be seen whether a new narrative can be formed.
BTC
Bitcoin is currently in a secondary pullback within a bullish trend. The drop last weekend did not damage the daily trend structure, but the significant bearish candle may increase market variables or extend the consolidation time. The larger scale has been continuously consolidating recently, and the thinking needs to continue, only differing in the time axis.
The daily structure is in the late stage of consolidation, while the 4-hour level hides the opportunity for a breakout. You can continue to try operations based on the lifeline strategy at this level until a final breakout or structural change occurs.
Strategy
Aggressive order: Buy at the current price of 119320~118478, stop-loss at 117200~116845 (if the 1-hour chart shows a slow decline, you can add to the position and exit on a rebound; if the 1-hour chart shows a sharp decline, then directly stop-loss), with a target of 120618/122422.
Support and resistance: Short-term support level 115288~114300, second support level 112122~110888; resistance level 127272~130077.
ETH
Ethereum has already broken through the high point of July 21, and compared to Bitcoin, Ethereum's volume-price relationship is very healthy, with buying pressure remaining strong and no signs of major sell-offs from the main players. Therefore, Ethereum is expected to break through 4000 points, with the target at the upper edge of the upward channel (4100-4300). Once ETH breaks its historical high, the entire market will have its shining moment, going completely crazy!
Strategy:
If you want to wait for an ETH pullback, you can pay attention to BTC. If BTC gains volume and leads the rise, ETH might drop in the short term, but after the pullback, it could be a good opportunity to buy. Whether to go long above 4000 for ETH depends on breaking through the first resistance level of 4100-4150 and stabilizing above 3888. If it stabilizes, there is a chance of reaching 4500-4880 next month.
It is recommended to take profit and observe around 4000 this week, as there may be short opportunities in the 3930-4150 range, and the bulls may find it difficult to break through and stabilize.
Altcoin
I still remained optimistic during last week's deep corrections in altcoins. Ultimately, its market cap and exchange rate closed with long lower shadows, and it pulled back to the upper edge of the left-side low range, indicating overall health.
I focus on the exchange rate of altcoins relative to BTC. As long as they can keep up with or exceed BTC's gains, they are potential stocks; the strength of USDT is secondary. Whether the altcoin season has arrived is not important; what matters is that the bear market of altcoin exchange rates will completely end in August 2025.
C
What pleased me most yesterday was shorting C. Despite the strong performance of the overall market and ETH, C still fell more than 10% as expected, and this operation finally allowed me to recover some losses.
On-chain
$troll
Only making predictions in advance; I posted about it yesterday. I accurately predicted the troll's trend with 100% accuracy. In less than 12 hours, it went from 23m to 41m, nearly doubling, and buying in immediately led to a price surge.
Playing with memecoins and shitcoins, the hardest part is holding the coin. I only choose old coins that can survive long-term, not short-term PVP. Although the risk is lower than other shitcoins, the holding mentality is very different compared to altcoins.
Like the #WangChai and #BeeDog I hold, even a 50% pullback didn't shake me out—because I prepare for zero every time I buy, and my positions are within an acceptable range. Currently, WangChai is back to profit, and the community brothers of BeeDog need to work harder!
