Recently, the price drop has narrowed. Last night, there was a rapid short-term drop that broke the lower point of the wedge channel. Currently, it is at the edge of the trend line, and it is possible that this is a trap. Do not blindly short in the short term: data-intensive periods are on Thursday and Friday, and today is the last day of volatility.
Today's hot opportunities:
1. The Federal Reserve will announce its interest rate decision at 2 AM tonight; the market expects no rate cut. Pay attention to the statements and voting on rate cuts to assess the expectations for a rate cut in September. PS: The Federal Reserve may need to cut rates in the future, but is not prepared for it this week.
2.Upbit launched Omni, and the price directly surged 3 times, with significant effects from the Korean market.
3.COINBASE new tree, bnkr, yesterday tree was listed on Binance, FDV reached a maximum of $1.5 billion.
4.Solana protocol Orca launched a token issuance platform Wavebreak, integrating CAPTCHA to prevent bot sniping.
5. The market retraced yesterday; the Pump rumor team increased buybacks but did not sustain, and income declined. The rebound needs to watch the team's actions.
6.CEX follows the market's retracement; the August market has started, and it is sustainable to buy quality targets.
BTC
BTC experiences fluctuations at every key level (like 90,000, 100,000, 110,000); currently, 120,000 is similar. The overall trend is a fluctuation upwards, with an adjustment period of about 1-3 months, requiring patience. The operation focuses on high sell low buy, and there is hope for a big market after September at the latest, so please be patient.
Strategy: There is a large liquidity selling pressure in the 119000-120000 range, which needs to be gradually digested to break through. Currently, we are using oscillation to exchange time for space. In the short term today, do not look too far; take it step by step: support levels for long positions and resistance levels for short positions; consider chasing after the breakout. For Bitcoin, watch the resistance at 118500, 119500, 120500, and the support at 117000, 116000, 115000.
ETH
The situation of Ethereum is similar to Bitcoin, with the daily K-line closing as a bearish doji. The indicators have a pullback demand but the bulls are strong; prices drop quickly and then rebound. In the medium to long term, the structure still looks strong, but selling pressure is increasing at high levels. However, since mid-July, Delta has been negative, and increased trading volume has not led to a continuation of the market.
Strategy: There are opportunities for both long and short positions in the short term; 3720-3750 is a key defense point with funding support. If it can break through 3940 and hold, the trend will continue, aiming for 4200-4500; if it breaks down 3720 on increased volume, it may enter a medium-term correction, first looking at 3300-3100 support, and then below that, pay attention to the large trading area of 2400-2800.
Be careful while operating:
Only enter the market when there are obvious signals at support or resistance levels; if you don't have time to monitor, you can place orders in batches. The market will not only rise without falling or only fall without rising. Don't chase highs and kill lows, nor expect to make a huge profit from a single trade; risk and profit always coexist.
Most MEME coins that have surged have a clear characteristic: a horizontal range on the daily level.
Recent examples like USELESS, KORI, URANUS, IKUN, WORTHLESS, LORE, VINE are all like this. However, to judge 'super golden dog' MEME coins, one cannot only look at scraping data: for example, even though IKUN has not released inventory or gathered chips, the number of retail investors increased after the explosion, making it inevitable to wash out; relying solely on scraping data may lead to losses.
Key to combine K-line, narrative, and retail participation: USELESS due to its leading position, retail strength; URANUS has expectations for a breakout in the daily range; WORTHLESS exploded 6 times after consolidation, while the generally narrative MOONCAT performed mediocrely. In short, K-line, data scraping, narrative strength, and retail volume are the core premises for judgment.
