Dogecoin whales are secretly accumulating! DOGE returns to the bull market support zone, $0.19-$0.21 becomes the golden buying area!
The weekly trend of Dogecoin shows that it has returned to a technical level concentration zone. I bought more Dogecoin last night, feeling that the risk-reward ratio for this operation is very high, and I will try my best to buy regardless of the outcome. The current trend is summarized as 'DOGE bull market support zone backtest, diagonal bear market trend line breakout and backtest.' This chart from August 3 tracks Dogecoin/USD (Coinbase) on a weekly basis, showing that the price has entered the bull market support zone — that is, the range from $0.19025 to $0.20703. At the time of the screenshot, the weekly candlestick's O point is $0.24076, H point $0.24860, L point $0.18855, C point $0.19945, showing that the remaining time this week has dropped by about 17.15%. In fact, Dogecoin had previously risen for two consecutive weeks, briefly breaking through $0.20, but then sellers gradually suppressed the upward momentum.
Dogecoin ($Doge) has a good short-term correction, a bullish structure has formed on the 1-hour and 4-hour levels, and there is a technical demand for an oversold rebound. Macroeconomically, expectations for interest rate cuts and institutional buying provide support, and there may be favorable news regarding ETF spot approvals in September-October. It is recommended to set stop-loss orders to protect profits and avoid losses without stop-losses or exiting profits too early.
ETH surged 60% in July, can it continue in August?
First, let's look at the buying and selling situation. CEX saw an outflow of 1.1 million ETH, with a monthly loss rate of 5%. Similar to June's BTC, when CEX reserves decreased, the price didn't rise significantly, but in July it reached a new high. The reasoning is that reduced CEX withdrawals provide liquidity and build momentum for a price increase.
Regarding ETH, in July, there was a significant accumulation by whales holding over a million, and during pullbacks, CEX trading volume did not increase, and reserves continued to decrease, indicating that a large number of chips are being locked away, and CEX does not reflect the true supply and demand price of ETH.
The last drop before rate cuts? The best buying point for Bitcoin revealed! Ethereum's $90 billion volume, something big is about to happen! Why are altcoins not moving? The explosive rise is finally their turn!
Market sentiment on Sunday is much better than on Saturday. Bitcoin has no systemic risk; the core issue is still the game between Trump and Powell over monetary policy. Trump now holds three votes on the committee, combined with Kugler's resignation and Williams' defection, the expectation for a rate cut in September has risen to 89.1%.
From the data, inflation still has pressure, but no signs of recession have appeared, and the unemployment rate is within the warning line. Tariff risks have temporarily eased, and market sentiment is stabilizing.
In the past 24 hours, a total of 49,886 people were liquidated globally, with a total liquidation amount of $132 million, long positions liquidated $27.9162 million, and short positions liquidated $104 million.
It can basically be determined that the entire decline of SOL has ended, 158-156 is the bottom buying point, and it won't go down further once it reaches the golden ratio of the large wave segment.
BTC is still the same as before, there hasn't been anything new over the weekend, and the trading volume is very low, indicating that investor panic hasn't continued into the weekend. The remaining focus is on the state of U.S. stock investors on Monday, and the decrease in trading volume has also reduced the volatility of the $BTC price. The main ones exiting are investors with short-term losses, while earlier investors are still in a wait-and-see state.
Support and other data are still very intact. After smoothing out the URPD gap, the subsequent trend becomes harder to predict, but my view remains focused on tariffs and the Federal Reserve's monetary policy, which may be the larger direction; other factors may only affect the short term.
Counterfeit has also started to weaken, most have begun to fall rather than rise!
BTC and ETH are probably close to their short-term bottom, at worst there might only be one sharp drop, if things go well, this position is likely the bottom, and will start to fight back upwards!
Are market manipulators about to explode $3.9 billion in shorts? With Bitcoin's volume drop, can it hold at 11,000? Ethereum at 3400, is it a bottom fishing opportunity? Altcoins are catching up on declines! The truth behind the weekend crash.
Yesterday, U.S. stocks plummeted, and the cryptocurrency market followed suit. I took a look, and the washout has almost finished. Last night, a total of 161,987 people globally were liquidated, with a total liquidation amount of $711 million, primarily affecting long positions.
A showdown between bulls and bears is imminent.
Bitcoin (BTC) has begun testing the key support levels of $113,000 and $112,000. Whether these supports hold largely depends on the stability of U.S. stocks.
Recently, market sentiment has been low, and short-selling pressure is gradually increasing. If Bitcoin falls to $102,000, it could trigger a liquidation of over $2.3 billion in longs; conversely, if it rises to $125,000, it could wipe out nearly $3.9 billion in shorts. It seems like something big is about to happen. How do you think the market manipulators will play this round?
1. Currently, it will be a deep correction; BTC 123,000 may not be the highest point, but it is within the range of the top.
2. ETH will be the only cryptocurrency I am firmly bullish on; after the correction, it still has a high chance of breaking through 4,000 or even reaching a new historical high. ETH will siphon off from altcoins, while the SOL ecosystem will crash.
3. The crypto market has not absorbed the liquidity from the US stock market; on the contrary, the US stock market has drawn liquidity away from the crypto market through ETFs and crypto stocks. The performance of the US stock market will be much better than that of the crypto market.
Reasons for Today's Bitcoin Decline 1. U.S. stocks fell across the board, affecting the cryptocurrency market 2. The U.S. continues to initiate a tariff war, causing market panic 3. The U.S. spot Bitcoin ETF had a net outflow of $114.69 million yesterday 4. Federal Reserve Chair Powell's speech was hawkish, lowering expectations for interest rate cuts
August Major Liquidation! Bitcoin plummets 4500 points, falling below 110,000? Ethereum's Life-and-Death Battle at 3600! Can Vitalik save the market? Altcoins plummet 20%! Will tonight's non-farm payroll turn the market upside down?
First, look at the rebound strength of the Asian market. On August 1, tariffs will be increased. Wall Street sold all night, and the crypto market was plagued by scams, with altcoins continuously declining without any signs of rebound. Then there was a spike; even the whales were liquidated. Many people will probably cry when they wake up today.
On that night, a total of 158,648 people were liquidated globally, with a total liquidation amount of $633 million, $57 million for long positions and $62.66 million for short positions.
Now is the time to test your positions. If the drop is significant, those holding short positions will surely be happy; if you don't have short positions and instead bought more, or if you wake up fully invested, the market will only teach you a lesson. If you can't manage your positions, you'll definitely panic at this time. What should you do in such situations?
Don't dare to connect without inserting a pin, let's see the rebound strength of the Asian market On August 1st, tariffs were raised sharply, Wall Street sold all night, crypto scams, counterfeiters never stop, there is no rebound at all! BTC can be shorted around 117000, if 114700 can't hold, everyone will have to go long at 1120100. Ethereum needs to go long around 3510, don't easily catch the bottom, wait until no one is shouting long before going long.
In this round of bull market, the driving forces for Bitcoin's continuous rise are 1. Bitcoin halving effect 2. Approval of Bitcoin spot ETF 3. The United States passed the Bitcoin Strategic Reserve Act 4. The rise of corporate-level strategic reserves, with listed companies buying Bitcoin 5. The explosion of stablecoins, as countries explore stablecoins, injecting new vitality into Bitcoin
Perhaps in this bull market, Bitcoin will break the four-year bull market cycle, making the bull market more enduring
Hasn't everyone noticed that the recent pump targets have been performing quite well?
$vine 25m to 170m. $troll from 10m to 60m, with a 20 breakthrough acceleration. $neet 2m to 15m. #chillhouse 25m. $Tokabu single-sided surge to 25m, no one mentioned it. #trencher 1m to 10m spike, current price 6m. $alon slowly coming up from the bottom, no one mentioned it.
Giant whale sells 80,000 BTC! 'Powell turns hawkish' nearly 150,000 people liquidated! Will Bitcoin rise again? Ethereum returns to above $3800! Tonight is the monthly closing! How to get rich in August!
Last night, there were no surprises in interest rates, Powell's speech was hawkish, leading to a wave of needle spikes in the market. The market reaction shows that the core influencing the trend is not Powell's speech, but whether Trump will pressure him on monetary policy. Currently, the expectation for a rate cut in September is less than 50%, and it cannot be ruled out that Trump will speed up the announcement of the successor to the Federal Reserve Chair.
After this round of operations, US stocks, the cryptocurrency market, and gold experienced sharp spikes up and down, with little change in price, and many people lost their positions.
That night, a total of 144,246 people were liquidated globally, with a total liquidation amount of $431 million, long positions liquidated at $34.3 million, and short positions liquidated at $87.83 million. Long positions have been mostly cleared, and further declines would damage the structure.
Yesterday I thought the market would definitely fluctuate up and down, so I took profits in the evening. But I didn't wait for Powell's speech and bought back a position early; one of the evening's orders was also filled, holding a position of 1500wu. If I don't watch the market, I will choose to wait until the non-farm payroll data comes out tomorrow night to see.
I only received one order for the trading, and the leverage was too high, so I reduced my position in ETH and held BTC.
Those who still talk about ignoring the Federal Reserve's impact on cryptocurrency, believing that macro factors have no effect on cryptocurrency, are either foolish, bad, or both foolish and bad.
Starting January 11, 2024, cryptocurrency will be part of the U.S. risk market, and starting January 20, 2025, cryptocurrency will be one of the indispensable investment products in the U.S.
The current $BTC is even part of American politics, and stablecoins are a compliant extension of dollar hegemony.
Short Squeeze on SHIB (Shiba Inu) with $52 Million Short Positions Pressing Down, Will It Rebound After Dropping the Fifth Zero?
Cryptocurrency investors have shorted Shiba Inu (SHIB) tokens worth nearly $52 million, which may soon trigger a new round of price declines and trigger liquidation. According to the latest data from Coinglass, there are short positions worth $51.96 million pending liquidation this week—however, if the SHIB price suddenly rises by 10%-15%, short sellers may face huge losses. The reality is that as of Tuesday, this dog-themed token has fallen by 6.1% without any signs of rebound.
Currently in the market, the weight of short orders exceeds buy orders, which could push the SHIB price further down.
Recently, the market has been primarily focused on spot inflows and trading. Over the past few days, prices have fluctuated and declined, while the accumulation of spot has gradually increased. Currently, BTC faces significant pressure in several key ranges, with ongoing up-and-down fluctuations.
It is recommended to closely monitor the accumulation of spot; if the stable accumulation of spot reaches a scale of 500-700 million, it may indicate the next major market trend; while the futures market may require 1-1.5 billion in capital to trigger a trending market.
The subsequent market is expected to continue predominantly with fluctuations followed by upward movement, with prices slowly climbing. Futures trading is advised to focus on large-cap cryptocurrencies such as BTC, ETH, BNB, etc. Since April, the market has been mainly driven by futures, which is a common tactic used by major players, offering high capital efficiency and faster initiation.
If the market shifts to being spot-driven in the future, the trend may become slower, milder, and more sustained.