Folks, did you hold up during this big correction in the crypto market?

— BTC, ETH, and altcoins will all be reviewed, this week's 'key drama' is about to unfold!

Today let's talk about this.

Is the recent market making you dizzy? Don't worry, we'll sort it out slowly.

The real driving force behind this drop.

First, it's important to clarify that this round of decline is not just a simple game of long and short, the main reason behind it is still the macro environment and institutional attitudes. The SEC continues to release new actions, Wall Street is shifting from caution to tentative buying, indicating that the flow of large funds has begun to switch.

The characteristic of this bull market is: difficult!

The previous bull market was one where you could make money with your eyes closed, now it's completely different:

  • The trend is hesitant: three steps up, two steps back, even four in and three out;

  • Profits evaporate quickly: if you don't take profit, you might soon give it all back;

  • Bottom-fishing becomes a trap: when you rush in, it's often the high point.

So, this round of competition is no longer about luck, but about position management and rhythm control. Although the difficulty is high, there are still plenty of opportunities.

BTC: 112,000 is the key to holding and breaking.

The key range for Bitcoin is now very clear:

  • Support level: $112,000, if it breaks below, it may return to the $108,000 range.

  • Resistance level: $120,000, a breakout is needed to open up new upward space.

There is a back-and-forth oscillation in this range, not much big action, more patience is needed to wait for direction. Especially before the Federal Reserve meeting, the market is likely to remain cautious.

ETH: Double good news overlapping, the expectation of a big bull market is still there.

Ethereum's recent decline is indeed significant, but often the sharper the drop, the stronger the subsequent rebound.

Two major favorable factors are approaching:

  1. Fusaka upgrade (expected in early November) — performance improvement by 25 times, stronger than the last Prague upgrade.

  2. Spot ETF + staking (expected in October) — ETF investors can also earn about 3% additional returns, which is very attractive to institutions.

Therefore, the current adjustment feels more like a handover washout. As long as it can stabilize, ETH is still expected to refresh its highs.

Altcoins: Catching up awaits mainstream stabilization.

Besides BTC and ETH, many altcoins also have highlights. The ETF craze is spreading, and in the future, it is not ruled out that tokens like DOGE, XRP, SOL, and ADA will also enter the ETF channel.

DOGE: The ETF application is entering a critical phase. Once approved, it could ignite directly.

XRP/ADA/SOL: All have opportunities to be approved in October, potential explosive points exist.

Specifically looking at:

  1. ETH — Double good news overlapping, the sharper the pullback, the faster the subsequent surge.

  2. BONK — The drop has reached a level, small spot positions can be arranged, stop loss held at 0.000020254.

  3. DOGE — A head and shoulders top formed in 4 hours, consider entering in batches around 0.2, bolstered by ETF expectations.

  4. IMX — After a large bearish candle, it has held up several times around 0.549, can build positions in batches.

  5. XRP — After the giant whale sold at 3.6, half of the position has been replenished, continue to follow the market in the short term.

  6. HYPE — The daily line lost support at 44, can try to lay out in batches in the 41.2-41 range.

The logic is simple: mainstream stabilization → capital inflow → altcoins catching up.

This week's highlights: The Federal Reserve is the rhythm controller.

Next is the 'super storm week' — the market drama is led by the Federal Reserve:

  • Thursday at 2 AM: Federal Reserve meeting minutes, the market will face the interest rate cut attitude directly.

  • Friday at 10 PM: Powell speaks at Jackson Hole, this is the real 'king bomb moment'.

If it hints at a rate cut in September, the market may welcome a full-blown party; if it remains hawkish, risk assets may come under pressure again.

Summary

  • BTC: Hold above 112,000, the bull market structure is still intact;

  • ETH: Good news overlapping, the current decline is just a chip handover;

  • Altcoins: Patiently wait for mainstream stabilization, then the catch-up will come;

  • Macro: The probability of a rate cut is high, this wave of adjustment feels more like a buildup for the next surge.

Don't panic, don't bet on direction, follow the signals.

Folks, what do you think? Is this week a good opportunity to pick up chips, or is it the 'final bait'?