If SOL can maintain its consolidation rhythm at a high level, the initial target for subsequent upward movement can be noted around 238. However, caution is needed regarding fluctuations caused by changes in market sentiment.
DOGE has been in a sideways consolidation for over a day, and most altcoins are also in a consolidation phase. The short-term bullish trend has not changed yet, and investors need to make rational judgments to avoid rashly exiting the market. However, caution is needed tonight for the risk of a 'wick' after a price surge, with prices possibly fluctuating in the range of 0.245–0.256. $SOL
Currently, BTC is in a minor downtrend. The night before yesterday, its price surged by 5000, and after some volume adjustment, it returned to the mid-range of the channel, currently showing a fluctuating pullback trend. It is expected that the price will continue to decline to the bottom of the channel, approximately around 111000. The current BTC price is at a mid-position, to effectively control risk, it is recommended to wait for the price to rise to the resistance level before formulating related plans. $BTC
If you are still continuously losing in the market, please read this and let's say goodbye to losses together.
$BTC Having been an analyst for many years and having seen many cases, some are happy while others are distressed. I have thought a lot and feel I must write it down. Besides wanting to help others, I want to remind myself not to forget my original intention! In this industry, I have encountered novices who know nothing about investing, experienced experts, scammers, and peers. I ponder why so many people end up losing everything; what is the problem? Every non-farm payroll report, how many investors see these two words as full of opportunities, and how many clients see them as filled with worries. These two words, for me, represent concerns about my entire industry. I don’t know when the term speculation began to appear. I always thought it would only show up in the entertainment industry and in business, not realizing my industry has also fallen into it.
Let's summarize, today during the day was mainly focused on the 'Kong', with a lot of observation on 'Kong', but when the evening market came, being able to promptly switch to 'Duo' also requires a certain level of decisiveness and trust to follow, of course, it was a fulfilling day as expected. $BTC $ETH
You just say, how about this god's reverse move when the emergency moment comes $BTC Looking at the situation that must end in death, a reverse move makes a profit of ten thousand U
According to the news from CoinWorld at 0:31 on August 22, the price of Bitcoin is $112,872, down $967.64 from the previous price, a decline of 0.85%. The market capitalization reaches $2.24283 trillion, with a 24-hour trading volume of 530,000 coins, and a trading amount of $59.87 billion. The 24-hour volatility is 1.97%, with a maximum of $114,821.76 and a minimum of $112,608.64 in the last 24 hours.
From the recent market situation, Bitcoin has continued to decline since breaking the historical high of $124,500 on August 14. It was affected by the U.S. July PPI data being higher than expected, leading to the collapse of hopes for a 0.5% rate cut in September. Investors showed a strong profit-taking sentiment, compounded by statements from the U.S. Treasury Secretary regarding Bitcoin reserves, causing it to briefly drop below $114,000. After the release of the Federal Reserve's meeting minutes on August 21, as most policymakers are more concerned about high inflation risks, rate cut expectations were weakened, and the price of Bitcoin dropped 0.6% to around $113,682.
Analysts previously mentioned that $112,000 could be one of the key support levels. If the market subsequently falls below this level, it may trigger further selling behavior, causing the price to continue to decline; conversely, if it can hold, the price may fluctuate and consolidate between $110,000 and $115,000. Additionally, investors can continue to pay attention to relevant remarks at the Jackson Hole Economic Symposium, as these may bring new impacts on market sentiment and Bitcoin prices.
The cryptocurrency market is highly volatile, with rapid changes in trends, and investing in cryptocurrencies carries significant risks. $BTC $ETH
In the early hours of yesterday, the pancake dipped to a low of 111900 after which it stopped and rebounded, and in the morning reached a high of around 112700 but faced resistance!
From a technical perspective, the Bollinger Bands on the 1-hour chart are opening downwards, and the channel is in a downward posture. The key level of 113500 has formed strong resistance, with multiple rebounds failing to break through effectively, indicating that the bearish strength is dominant. $BTC
Operational Suggestions
Pancake: Short at 113300-113500, Target 110500-111500
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When the market is not good, it is not recommended to enter. When the market comes, you need the courage to follow. Enter at 4209, exit at 4297. Harvest 13230u$BTC $ETH
In the past 24 hours, the crypto market has once again stirred. Bitcoin (BTC) price continued its recent fluctuations, slightly rebounding from a three-week low of $112,500 to $115,000 but soon faced resistance and retested lower levels. Meanwhile, most large-cap altcoins have performed relatively steadily, but BNB and OKB have stood out remarkably.
BNB hits historical highs. BNB's trading price yesterday was about $830, soaring to slightly above $880 within just a few hours to a historical high. Although the upward trend subsequently retreated, it still rose 3% for the day, closing around $860. BNB's strong performance highlights investors' confidence in its ecosystem and exchange value.
The crypto market has entered a critical window period again after continuous fluctuations.
Bitcoin remains the directional guide for the whole market, but Ethereum's short-term tussle and OKB's explosive performance are also adding fuel to market sentiment. In this article, we will analyze the opportunities and risks in the current market from the perspectives of BTC, ETH, and OKB. Bitcoin (BTC): Key support is being contested, with bears still in control. Bitcoin is currently quoted at 114,390 USD, with a slight increase of nearly 1% during the day, trading volume close to 69.6 billion USD, market cap around 2.27 trillion USD, and a circulating supply of 19.9 million coins, approaching the cap of 21 million coins. Despite the intraday rebound, from the chart, BTC still struggles to hold onto the key short-term support.
Bitcoin Daily Chart, recently the price has shown fluctuations after a significant decline, forming a long bearish candle on the 19th, followed by a weak rebound. In the 4-hour period, the price has continuously dropped from the 114800 level to the 113300 level, currently in a low horizontal trading state. Technical indicators MACD, in the 4-hour period, both DIF and DEA are running below the zero axis but show signs of convergence, indicating a weakening short-term bearish momentum.
Operational Suggestions:
Buy at 112700-113200, target 114500-115500, stop loss at 112500
Second Cryptocurrency: Buy at 4230-4250, target 4380-4980, stop loss at 4200$ETH
Breaking news! The Federal Reserve minutes cause turbulence, Powell faces a 'choose one' dilemma.
On August 21, the minutes of the Federal Reserve's July meeting were released: interest rates were kept unchanged in the range of 4.25%-4.5% for five consecutive times, and for the first time since 1993, two board members (Bowman and Waller) voted against, with their opposition directly pointing to the need to 'guard against the risks of a weak labor market'.
However, within less than 48 hours, the U.S. Department of Labor suddenly revised down the non-farm payrolls for May to July by a total of 250,000, and the unemployment rate climbed to 4.2% (the highest since the end of 2022); on the other hand, both the core CPI and PPI for July exceeded expectations, creating a 'dual mandate' conflict between inflation pressures and weak employment, suddenly tipping the scales of Federal Reserve policy.