The new week has just begun, and the market's volatility has significantly increased. In the face of this 'volatile start', I am actually calmer than before.
It is important to clarify at this juncture: This week is not only the end of the month but also the Federal Reserve's interest rate meeting week, destined to be a critical window for rhythm shifts in the wave market.
Bitcoin is still in a range of fluctuations; the real direction needs to wait for the interest rate meeting to conclude.
Regarding Bitcoin (#BTC), I previously mentioned that the market throughout August remains relatively safe, and even if adjustments occur, they mostly oscillate around the daily MA5.
Over the weekend, although Bitcoin gradually rose, trading volume remained inactive, and it is expected that there may be a pullback today, with the $117,000 area being a key support level.
It should be particularly noted that the real trend selection is likely to become clear only after the interest rate meeting concludes. Currently, it remains in a pattern of short-term back-and-forth probing between bulls and bears.
Ethereum is strongly controlling the market, and the altcoin sector is brewing rotation.
Ethereum (#ETH) has performed impressively, directly breaking through previous highs over the weekend, with momentum stronger than most people's expectations. Although it may adjust back to around $3552 in the short term, the structure remains sound.
More importantly, the current market trend of Ethereum clearly shows a strong control pattern, with mainstream funds reconfiguring around ETH.
Led by ETH, #BNB has become one of the strongest mainstream coins in this round of supplementary rise, already achieving a breakthrough of a new phase high. I am currently focusing on the BNB ecosystem, especially the Meme track on BSC, where dark horse projects may emerge first.
Altcoins are brewing momentum, but funds have not fully ignited.
Currently, most altcoins have risen for three consecutive days driven by ETH, but the overall increase is still moderate, indicating that market sentiment has yet to fully explode, although the sector rotation rhythm is brewing.
Friendly reminder: Projects facing large token unlocks soon should be approached with caution. Today, several tokens scheduled for unlocking have already shown unusual price increases, which may indicate potential inducement behavior.
Statistics show that this week SUI, $JUP, $ENA, and OP will face unlocking events with a total scale exceeding $300 million, so be alert to sudden selling pressure.
SUI targets $5, with structural breakthroughs expected to lead to upward momentum.
#SUI is one of the coins I am focusing on this week.
Current trends show a six-week consecutive rise on the weekly chart.
Trading volume is synchronously expanding, with the MACD golden cross continuing to diverge upward.
Has returned to the mid-term upward channel.
From the structure, it is likely to form a complete W-bottom pattern, with the short-term target directly aiming at the key resistance level of $5. Spot positions remain unchanged, waiting for a volume breakout.
DOGE is aggressively accumulating, potentially becoming the vanguard of the major upward wave explosion.
#Dogecoin has been exceptionally active recently: within just 48 hours, whale funds have swept up 1.08 billion DOGE (worth approximately $250 million), igniting market trading sentiment rapidly, with trading volume surging 77% over the week.
Currently, the price of DOGE is about $0.234. If the market cooperates, it is expected to initiate a major upward trend, with the initial target range set at $0.31 to $1.5.
From the chart, DOGE is currently still in the middle structure of the Livermore arc bottom pattern. As long as Bitcoin does not experience extreme drops, it is very likely to become one of the leading coins in this round of market.
CAKE confirms the rotation and supplementary rise logic, breaking through the critical level of 3.2.
#CAKE is the main BSC token I have been continuously focusing on.
The price has successfully broken through the critical point of $3.2, confirming my rotation logic. The underlying reason is also very straightforward— all new Meme coins in the BSC ecosystem ultimately need to be listed on PancakeSwap, and liquidity inflow directly benefits CAKE as a platform currency.
In other words, the direct beneficiaries of the thriving sector are itself.
A week dense with data and news, risk prevention is of utmost importance.
This week will see a series of macro events:
1. Federal Reserve interest rate decision
2. Powell's public speech
3. Monthly liquidity adjustment
These variables all have the potential to trigger intense market fluctuations, especially having a significant impact on risk appetite.
In the current stage where the rhythm of altcoins has not fully succeeded in taking over, please be sure to control your position, avoid unlocked coins, and do not blindly chase highs.
Summary of views: Ethereum remains the main line, and ambushing rather than chasing after the rise is key.
I still maintain my original judgment: Ethereum is likely to break through the $4000 mark. If it can stabilize above $3900 in the short term, its structure will be even more perfect, likely driving mainstream assets for another wave of increase.
We are currently in a transitional phase of intense volatility but uncertain direction, which is a golden opportunity to identify the next wave of hot spots. Don't stare blankly at projects that have already taken off, or else you will miss the real wealth explosion window.
