【Market Outlook as of August 1, 2025】$BTC $ETH $SOL

The new month starts off with a bang; last night’s PCE data was unfavorable, U.S. stocks opened high but fell, the monthly line closed, and tariffs are pressing down, causing the entire market to tilt downwards. Bitcoin corrected by 4%, and Ethereum corrected even more at 7%. However, the extent of the altcoin correction is still considerable and within a reasonable range, especially since it’s a super data week.

Every medium correction fills the market with panic. I even saw some people pulling out charts from May 19. I feel these people really know how to create panic. Can this be compared to May 19? On that day, altcoins generally fell by 50%, and Bitcoin corrected by 10,000 points. It’s as if they want chaos. In reality, the short article I posted this afternoon had no major issues in its predictions. With today’s drop and unfavorable non-farm payroll data coming, the market could wash out 500 points, but it shouldn’t drop that much.

This super data week is finally coming to an end. The recent non-farm payroll data came in far below expectations, which is a huge positive. Gold has even seen a big bullish move, indicating that the probability of an interest rate cut in September has risen again. I think most people, like me, can finally relax. The weekend is approaching, and we’ll see if it can replicate the strong performance of last weekend.

Lastly, let’s talk about the broader market environment. Currently, Ethereum’s micro-strategies, RAW development, and stablecoin issuance are generally positive for the market and Ethereum. As for SOL, many people are likely stuck in it. My SOL, which has an average price of 171, is also stuck today. Several institutions have submitted revised S-1 filing documents again today. By mid to late August, we should have a result. I still believe in the development of the SOL ecosystem. As long as we can get through this period, then it’s still true that the clouds will clear and the rainbow will reappear. Also, continue to accumulate on the lows; this requires excellent technical analysis. Even someone like me, an experienced trader, can sometimes get caught, let alone you all. It’s crucial to band together during a bull market and warm each other up!

Bitcoin 4-hour support: 114622 Resistance: 116939

Ethereum 4-hour support: 3602 Resistance: 3751

Today's Fear Index: 66 (Greed)

4-hour Long/Short Ratio: 52.4% / 47.6%

Intra-day Hot News:

🪅 Several companies have submitted revised versions of the SOL ETF registration S-1 documents.

🪅 U.S. non-farm payroll data will be released tonight, significantly impacting the Fed's September interest rate decision.

🪅 Trump has delayed the effective date of reciprocal tariffs by one week to August 7.