辰说财经

Has this pullback strength of Ethereum restored your confidence?

$ETH

Buy Dogecoin now, wait for Dogecoin to reach 1 dollar, and then exchange it for luxury goods, which is equivalent to getting a discount.

After the comprehensive rise in July, the cryptocurrency market experienced a significant pullback in August. Most digital assets entered a narrow range of fluctuations, trading activity noticeably cooled down, and some cryptocurrencies even experienced a continuous decline.

However, unlike the caution of retail investors, cryptocurrency giants are still actively increasing their positions and strategizing for the upcoming September market.

Among them, popular cryptocurrencies like $UNI , $PEPE , and $AVAX have become key focuses for capital. Once market sentiment recovers, these sectors are expected to lead the rebound, potentially driving overall capital rotation.

Ten years of investment experience, feel free to ask me if you have any questions.

If Ethereum is truly to move to a higher stage, its consolidation in the range of 4000-4800 may be a necessary step.

Many people find sideways movement very torturous: the price neither rises nor falls, and their mindset is slowly consumed, leading them to doubt whether the market has ended.

But history tells us that before a real major market event, there is always a 'testing' consolidation period. It is both a cleansing of impatient capital and a test for long-term investors.

This range is like a touchstone:

1. Those without patience will be washed out;

2. Only those with resolve will truly stay in the game.

When the chips have sufficiently changed hands and emotions have been smoothed out, the market often chooses a new direction.

And when the breakthrough arrives, many will look back and realize that the best opportunities quietly gestated in the most tedious consolidation.

Before each interest rate cut by the Federal Reserve, the market often experiences a wave of "final decline".

Why? Because everyone needs to push panic to the extreme.

Short sellers desperately spread bad news, claiming that the economy is about to collapse, companies are going bankrupt, debts are about to explode, and jobs will be lost, as if tomorrow is the end of the world.

But the reality is often different. The last few major corrections, such as in 2008 and 2020, were actually just emotional panic.

Short sellers take the opportunity to harvest, while long traders are washed out, and institutions quietly buy in at the low points.

The current situation is quite similar, with the media and Wall Street continuously pushing recession narratives. Many people are afraid and retreat, but this might just be what they are waiting for—the "final injection"—to drive market sentiment to its lowest point.

A real bull market is often slowly nurtured in such extreme panic.
So, the "final decline" is not the end, but may be the beginning of the next opportunity.

After all, bull markets often end with sharp declines, usually closing with a needle.

In simpler terms: the final decline is actually an opportunity left for the smart investors to get on board.

The biggest taboo in contracts is being aggressive and going against the trend. It seems that his previous actions were guided by someone skilled, but in the end, he couldn't control the weaknesses of human nature.

A Brief Summary of Powell's Speech at the Jackson Hole Annual Meeting at 10 AM Today:

Key Point 1: Monetary Policy is at a Crossroads, Short-term May Suggest the Possibility of Rate Cuts
Investors generally expect the Federal Reserve may start lowering rates in September to address economic slowdown and weak employment data, and may choose not to make an early statement, continuing to emphasize a strong reliance on data.

Federal Reserve officials are generally cautious about a rate cut in September, believing that inflation remains high and more clear data is needed to support a reform path.

The market's previous bet on the almost certain probability of a rate cut has been adjusted from nearly 100% down to about 70%-80%, indicating a change in expectations.

Key Point 2: Significant Structural Adjustments to Policy Framework

Powell may announce the abandonment of the 2020 monetary policy framework, returning to a more cautious, balanced approach to inflation and employment targets. This is part of the Federal Reserve's routine policy evaluation every five years.

The new framework aims to enhance the Federal Reserve's flexibility and resilience to respond to future economic shocks.
Underlying Context: The Game of Political Pressure and Policy Independence

This is Powell's final appearance as the Federal Reserve Chair at the Jackson Hole annual meeting. He currently faces dual pressure from the White House and the market, especially under the dual challenges of still high inflation and weakening employment data, making decision-making more difficult.

President Biden and several economists are concerned that the independence of the Federal Reserve is being eroded, and that if board turnover intensifies in the future, it may alter the Federal Reserve's policy direction.

The Rise of Platform Tokens: Exchanges Become a Safe Haven in the Crypto Market

Recently, platform tokens from cryptocurrency exchanges have shown a significant upward trend. Amidst the overall market turbulence and frequent declines in Bitcoin and altcoins, the strength of platform tokens stands out remarkably.

The logic behind this is not complicated:

1. Platform profitability is directly linked to trading activity. The more turbulent the market, the more frequent the trades, leading to higher platform fee income, which naturally benefits platform tokens.

2. Burning mechanisms and value support. Many exchanges regularly buy back and burn platform tokens, continuously creating a scarcity effect.

3. Market risk aversion psychology. When funds lack confidence in altcoin projects, they flow into tokens issued by leading exchanges, serving as both a 'value anchor' and a defensive choice.

This wave of increase reflects not only the profit expectations of the platforms but also a shift in market sentiment: during the phase of lingering between bear and bull markets, platform tokens often serve as the first 'weather vane' to indicate the movement of funds.

For investors, the rise of platform tokens reminds us that in the crypto world, it is not just about on-chain projects and Bitcoin itself; the exchanges that hold liquidity are the true winners.

$ETH The four-hour level is still in a downward channel. Although there was a small incident over the weekend, it did not last. Focus on the support at the 4000 level on the retracement.

Initial principal: 125,000 USD.

Final earnings: 6,860,000 USD.

Peak profit: 42,987,000 USD.

Drawdown ratio: 84% from the peak.

Time period: 4 months.

Final return rate: 55 times.

Rolling warehouse brother has been targeted and cleared, passively exited. ​​​$ETH

In simple terms, some "whale" wallets holding a large amount of Dogecoin (DOGE) (over 1 billion coins) have recently increased their Dogecoin holdings from 7.084 billion to 7.111 billion, adding about 270 million coins.

If these large holders continue to buy, and the "spent age metric" (an indicator reflecting coin age) remains low, the price of Dogecoin is very likely to break upward and rise even higher.

Meanwhile, Grayscale, an important digital asset management company, submitted an S-1 application to the U.S. Securities and Exchange Commission (SEC) on August 15, planning to convert its existing Dogecoin trust into a spot Dogecoin ETF (trading symbol GDOG), which, if approved, will be listed on the New York Stock Exchange Arca.

This is big news for Dogecoin! An ETF is a tool that allows investors to invest in Dogecoin without directly purchasing the cryptocurrency, which could attract more traditional investors and increase market liquidity and recognition.

Whales increasing their holdings + Grayscale ETF application + low age metric = Dogecoin $DOGE

Dogecoin is the best in the world

The Ethereum Foundation's selling behavior plays a certain role in market fluctuations, but its core goal is to support ecological development, rather than manipulate the market.

As institutional capital pours in and the Ethereum ecosystem matures, the negative impact of selling will gradually be absorbed by the market, and the long-term value of ETH still depends on technological advancements and ecological prosperity.

Cathie Wood's ARK Ark Fund has become the largest shareholder of ETH micro-strategy BMNR, holding 5.47%.

The second is Founders Fund, holding 2.94%. They are shareholders of SpaceX, Polymarket, and OpenAI.

The third is Mozayyx, holding 1.92%, a registered investment advisory firm that also participated in the micro-strategy of neighboring Litecoin.

The fourth is Tidal, holding 1.22%, an ETF service provider.

Fifth is Tom Lee personally, holding 0.26%, also a key player in this wave of ETH rise, and the chairman of the board of BMNR.

With new crops supporting it, the impact of the Ethereum Foundation's selling will become less significant over time.

$AVAX quickly regained lost ground, and there are signs of a breakout at the weekly level. Is anyone optimistic about this?

$BTC broke through its historical high again yesterday.

$ETH completed an accelerated trend on the weekly level, and is likely to run within a range to build momentum in the near future.

Next, a new group of main forces will take the stage. Does anyone have cryptocurrencies they are looking at? Let's study them together.

For Ethereum, it is entirely in line with expectations and can be said to have exceeded expectations because I emphasized in the previous article that Ethereum's key resistance level is at 4600.

At the same time, it fully aligns with our earlier strategy, which first involves the more than 500 days of dormant accumulation, along with experiencing strong pressure at resistance levels four times, and now it has finally broken through successfully.

In the future, everyone will surely see the potential of Ethereum; one must dare to imagine the coming bull market. I wonder if everyone still remembers when I first mentioned that if Ethereum successfully breaks through 4000, you can envision targets of 6000, 8000, and 10000, so there is no need to fear heights.

In the short term, we can see that Ethereum has stabilized in a bull market trend and has accelerated above the main upward trend line, so next we will patiently wait for Ethereum's pullback.
However, long-term players must have patience. I have previously told everyone that once Ethereum starts to rise, its speed of increase has been evident recently, so I hope everyone must have confidence in the upcoming market.
$ETH

Have your expectations increased? $ETH

#ETH突破4000

Today the market sentiment is high, and Ethereum has broken through 4000 points.

Interestingly, Ethereum ecosystem projects are eagerly posting about "Ethereum" to ride the wave of popularity, as if they have climbed onto a wealthy person's back. However, their own coin prices remain stagnant, lying there without moving.

After waiting so long for Ethereum, the pride of the whole village, to shine, the villagers joyfully set up a banquet to celebrate, thinking good days are coming.

Little did they know that Ethereum, like a civil servant entering the system, is enjoying the benefits of American stocks and completely disregarding these "cheap relatives" from the crypto circle.

Chainlink's token reserve plan is a strategic upgrade that not only endows LINK tokens with stronger value capture capabilities but also deeply integrates off-chain enterprise revenue with on-chain economy through an innovative payment abstraction mechanism.

This initiative could become a new starting point for the development of the Chainlink ecosystem and set a benchmark for a sustainable protocol economy in the blockchain industry.

Although the market response has been relatively low-key so far, with the deepening of institutional adoption and the continuous accumulation of reserves, the long-term value potential of LINK cannot be underestimated.$LINK