The market in the past two days has been like a roller coaster: Bitcoin has been oscillating at high levels, Ethereum faced pressure after a surge, and altcoins have seen a wave of corrective declines. Today, let's sort out the market rhythm, mainstream coin strategies, and potential trading opportunities on-chain and CEX recently. The conservative can draw lines and wait for structural confirmation, while the aggressive might start considering pre-positioning.

Market rhythm overview.

▪ Bitcoin (BTC)

BTC is currently still in a 4-hour oscillation range, with slightly fluctuating short-term trends. The daily structure has not yet been lost, so there is still a chance for a rebound.

  • Upper resistance level: $118,500 - $119,000.

  • Lower key support: $116,000; if it breaks down, it may enter the washout range of $114,000 - $116,000.

In simple terms: the market is still operating within an oscillation range, and the short-term direction has not yet been fully clarified; do not rush to heavily enter.

▪ Ethereum (ETH)

ETH previously approached the $4000 mark but failed to break through effectively; it is currently suppressed in the range of $3720 - $3760.

  • Short-term pressure level: $3800.

  • Key support level: $3720; if lost, it may test down to $3600 or even fall back to around $3500.

At this time, it is not recommended to chase highs; waiting for a pullback below for confirmation is more prudent.

Altcoins: fragile rebound, main players have not yet intervened.

Recently, altcoins have shown overall weak performance; with slight market fluctuations, some coins have already seen sharp declines. The rebound lacks volume and signals for a major upward trend.

Typical stock review:

  • $SUI: Yesterday's single-day pullback reached 12%.

  • $OP: Basically wiped out the previous day's gains; those who didn’t keep up with the rhythm have already 'lost a trip'.

  • $JUP: Quickly dropped nearly 15%.

Core judgment: If the coin does not have sustained off-market fund injection or on-chain heat cooperation, do not expect it to 'fly by itself'.

Today's altcoin watchlist

BNB: The leader returns to the center stage?

BNB refreshed its historical peak on July 28, and the current price has risen above $850, with a cumulative increase of about 35% over the past five weeks.

  • First target: 886 (Fibonacci golden retracement level)

  • Second target: 1037

  • Medium to long-term expectation: Expected to challenge 1187; if the altcoin bull market starts, it is even possible to see $2000.

As the leading platform coin, BNB is one of the barometers of this round of altcoin market; long-term investors should pay close attention.

DOGE: Brewing again?

Dogecoin has successfully built a double bottom structure and completed an upward breakout; the technical pattern has clearly strengthened:

If it holds the support at 0.23, it is expected to follow the classic rhythm of 'slow rise → explosion'. But remember—pullbacks for trading are the core rhythm; don’t chase highs!

PEPE: Mainly observing.

Early stage was overly crowded, now the momentum has clearly weakened, stuck in an awkward range. If you get impatient, consider reallocating assets.

On-chain hot sectors: opportunities need 'preparation in advance'.

Recently, the activity in the on-chain meme sector has declined, hotspot rotations are faster, and the risks of hitting the boards have increased, requiring more cautious rhythm.

Hotspot observation coins:

$URANUS: The rebound is still ongoing; continue to pay attention to key resistance levels;

  • $AOL / $FAIR3: Just started, added to the watchlist, currently only small positions for testing;

Strategy Tip: On-chain trading currently focuses on 'light positions + pre-positioning + quick in and out'. Before the explosive expectations are clear, it's better to observe and not act rashly.

Summary: Stay calm, prepare in advance, and wait for signal confirmation.

As August approaches, it is recommended to pay attention to policies and speculative concepts related to Hong Kong stablecoins, which may become the next phase of capital windfall. Moreover, the overall market is still in a phase of accumulation and should not be overly aggressive; focus on tracking the leading coins (such as BNB, DOGE) and signals of rising on-chain heat.

Whether you are laying out a medium-term strategy or a short-term gamble, remember two core strategies:

  • Before the main line is clear, avoid chasing highs and focus more on drawing lines.

  • Hotspot rotation is fast; pre-positioning is better than chasing.

If you want to prepare for the next wave of the market, it might be a good idea to prepare your ammunition now; real opportunities often only go to those with patience.