Something big has happened! Big and small pancakes are worth watching, retail investors can't hold on anymore!
Let's first talk about $BTC . Although there has been continuous capital inflow and listed companies increasing their positions to support the market, long-time players who have been dormant for years suddenly sold off hundreds of coins. Coupled with the delay in the Federal Reserve's interest rate cuts and the uncertainty of Trump's tariff policy, short-term fluctuations are quite tangled. You can set a buy position for BTC around 112 with a stop loss at 109.
$ETH is more complex. On one hand, there are positive factors like staking rewards and institutions accumulating coins, while on the other hand, there are negative factors such as Grayscale selling off and regulatory risks. The price has dropped quite sharply and is now in the oversold zone; 3440 is a critical watershed. If it holds, it may rebound to 3650; if it doesn't hold, it may continue to test the bottom at 3400. Compared to Bitcoin, Ethereum is expected to be a bit stronger, but it also rises and falls sharply.
Additionally, if US stocks continue to plummet, both Bitcoin and Ethereum will suffer as well, potentially dropping even more than US stocks.
In terms of operation, it is advised not to rush into heavy positions. Follow Bitcoin after it breaks 119,000, and for Ethereum, you can buy near 3440-3480, but strict stop-loss measures must be set.
Pay close attention to Trump's tariff decision on August 7 and the Federal Reserve's interest rate meeting in September. Before these two policies are implemented, the market may continue to fluctuate, and a breakthrough at key levels will be the signal to take action.
Don't know how to operate in this market? Follow me for strategies, execution is up to you! There are only so many positions available; the quick will seize the opportunity, while the slow will miss out!
