80% didn't keep up with this increase. Retail investors see $ETH and are afraid to buy, so they bet on the altcoins they believe in. The result is that they have risen, but not by much, and they still can't compare to the surge of $ETH. It was just last night's favorable CPI data that caused the market to rise broadly; otherwise, the altcoins would still be soft and sluggish.
Retail investors in PVP mode should follow the institutions to have a chance at profit! #机构疯抢以太坊
$BTC is currently oscillating at 119,000. If this position does not break through, it is very likely to dip down and then continue to rise to fill the CME gap below.
Watch the position at 120,000 above and 116,500 below. Retail funds cannot push BTC's rise; only when funds flow back from ETH will there be a decent increase. It is only 3.2% away from the previous high position.
BTC ETF saw outflows last night, but they were all absorbed by the market. Only when the tide goes out do we know who is swimming naked.
$ETH broke through 4420 and headed straight for the price of 4628 at 5 AM, peaking at 4640. This is the last line of resistance above.
Currently, $ETH is only 9% away from the high of 4848 in November 21. The higher we go, the more resistance to rising we will encounter. Besides those shorting, there will also be selling chips.
The current position is a gamble. On the left, it bets that it cannot rise further and starts to pull back. The ETF inflow yesterday was not very high, but the upward movement was stronger than the previous two days. It is estimated that it is seizing short positions. If the market continues to push up like this, there will eventually be a day of collapse. We do not know when this day will occur.
I suggest watching more and acting less at this position. The recent fluctuations are very strong, with upward moves starting at 100 dollars. The sentiment has not yet decreased, so it is advisable to focus on low buys, with minor support at 4560$ETH .
$ETH Evening CPI meets expectations, positive impact, directly broke through the 1-hour oscillation range
Arrived at the 4400 position, there is significant selling pressure at this level. If it breaks through the 4420 position, we could really see the price at 4628
ETF bought 1.019 billion USD of ETH at 4400 on August 11, cherish it while you can
It is worth noting that there is a CPI data release today, and the data being released will also affect the direction of the market. This is currently an uncertain point. The current sentiment has not yet reached a very FOMO moment; most retail investors are engaging in altcoins, and the performance of altcoins can only be described as weak.
In the short term, there is a $2000 gap in CME BTC. The drop in the early morning just hit the gap and rebounded from above it. If the data is bearish, it is very likely to fill this $2000 gap in one go. Please be aware of the risks $BTC
Severe selling pressure appeared at position 12.2 for $BTC
The daily line closed with a long upper shadow candle, indicating that the adjustment has been completed as seen from the downward pin since the morning. It will first rebound to around 119800 and then consolidate while waiting for the CPI data to be released tonight.
It is expected to test the previous high of 123200 again. Before the market ends, try to focus on buying low. While there is significant selling pressure, buying interest is also strong. This situation is suitable for playing with some swing trades (for those with good skills).
Now the bears have gotten smart, raising the strong liquidation price for the three-day shorts to the position of 123000, with over 175 million in liquidation. The liquidation price for the bulls has been lowered to 116200, with 211 million.
Looking at it this way, it seems that there are still more people shorting.....
Altcoins are playing long without profit, directly getting trapped
ETH opened long with slight loss, now back to profit
Now you know how to open contracts
Altcoins are no longer the same as before
时光预言机i
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$ETH is moving perfectly at this moment. After seeing the US stock market open, I decisively went long, achieving a 100% profit in 20 minutes.. it feels great to ride the waves.
$ETH is moving perfectly at this moment. After seeing the US stock market open, I decisively went long, achieving a 100% profit in 20 minutes.. it feels great to ride the waves.
$ETH Finally caught this short, touching the top on the left was really hard 🥹 It's unclear here if this is the top, after all, everyone is watching 4500
Inflation data is coming this week, watch if July inflation will continue to weaken the chances of a rate cut in September! Also, will the supply-demand market trigger negative expectations of 'stagflation'!
This week's main themes: trade negotiations, Russia-Ukraine geopolitics, interest rate path.
Monday, August 11,
No important data available
Tuesday, August 12,
20:30 US July inflation data
22:00 Federal Reserve Governor Barkin's speech
Wednesday, August 13,
19:30 Federal Reserve Governor Barkin's speech
Thursday, August 14,
01:00 Federal Reserve Governor Quarles' speech on monetary policy
01:30 Federal Reserve Governor Bostic's speech on the US economic outlook
20:30 US July PPI data
Friday, August 15,
20:30 US July retail data.
Earnings report: Circle will release its Q2 earnings report before the US stock market opens on Tuesday, August 12.
Uncertain events:
1. Will the third round of China-US trade negotiations confirm the '90-day tariff suspension extension'?
2. US and Russian leaders will meet in Alaska on Friday, August 15, to discuss the Russia-Ukraine peace agreement.
The exchange rate of $ETH has reached a critical resistance, which is also why ETH has not broken through. Funds have flowed back into BTC. Currently, contract funds are in an outflow state. To break this deadlock, the ETHBTC exchange rate must break through the levels of 0.036 or even 0.037. $ETH
$BTC broke the structure when it surpassed 117200, and it has already run short; now it looks completely correct to have run away. After breaking the descending pattern on the 4-hour chart, it has maintained a fluctuation around 118000. It started a small upward movement early this morning. Today's resistance is above the 120000 high point at 122000.
$ETH is simply superhuman. The lowest contract dropped to 4160, the lowest spot price to 4153. The small support level I mentioned was spot on. Without the backing of US stocks over the weekend, there was a crazy surge over the last two days, leaving no room for shorting, turning it all into fuel for the rise.
Moreover, the volatility these days has been huge, with ETH swinging nearly 300 dollars within a day. Trading the swings is simply delightful; as long as you blindly go long on a pullback, you can make a profit... Is this what a bull market feels like?
The weekly chart stabilizes at 4080; this wave should be able to reach around 4500.