2025-08-16 Early Morning

Encountered a bug while coding, spent the whole night reinventing the wheel, let me take a look before sleeping.

On the 4-hour level, a new double bottom has appeared. As long as it doesn't break below 1168, it will continue to repair upwards. I hope that Bitcoin can hold the lower edge of this consolidation box at the 1-hour level, which is at 117253 here.

Solana is also recovering well at the moment, if it can stabilize above 187, it will continue to rise.

Ethereum formed a double bottom near 4400, and the first resistance level is at the previous 4532-4553 area, which was once a support level.

Actually, how much it goes up is not that important; what matters is whether it can hold these key levels. If it can hold, and there is no new low, it doesn't matter if it oscillates back and forth. The longer the consolidation lasts, the safer it becomes. According to the 4-hour level correction, it has already reached a relative bottom. If we directly link to the daily line correction, it would require a sustained negative news impact, such as: no interest rate cut in September, etc.

Last night, I was waiting for 3 o'clock, but actually after 3 o'clock, there was no waterfall market that I was worried about.

There are not many news events over the weekend. Under normal circumstances, the market will start to slowly recover. It's still the same old saying: weekend markets can be misleading, but the Sunday night line won't. If the Sunday night line doesn't drop, then the Monday daily line will either rise or consolidate. However, if the Sunday night line continues to decline, then beware of a spike in the Monday daily line (this is really a convention).

Still planning to go live tonight and chat with everyone, see you at 8 PM.