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Rebound at 4210 Must Rise
📈 Price Trend Prediction
1. Range Fluctuation Bias: Current ETH price is around $4,270, with short-term support at $4,250-$4,200 and resistance at $4,300-$4,350.
· If trading volume continues to increase (e.g., >80,000), it may break through $4,300 and test $4,320-$4,350 (previous high resistance zone).
· If volume is insufficient or breaks below $4,250, it may retrace to the strong support at $4,200 (institutional buying zone), breaking this level would turn bearish.
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⚠️ 4 Key Factors to Pay Attention To
1. Volume Changes:
· Current trading volume has increased to 56,228 (above the 5-day average), if it further increases to above 80,000, it may confirm an uptrend; if it shrinks to below 5,000, beware of false breakout risks.
1. Range Fluctuation Bias: Current ETH price is around $4,270, with short-term support at $4,250-$4,200 and resistance at $4,300-$4,350.
· If trading volume continues to increase (e.g., >80,000), it may break through $4,300 and test $4,320-$4,350 (previous high resistance zone).
· If volume is insufficient or breaks below $4,250, it may retrace to the strong support at $4,200 (institutional buying zone), breaking this level would turn bearish.
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⚠️ 4 Key Factors to Pay Attention To
1. Volume Changes:
· Current trading volume has increased to 56,228 (above the 5-day average), if it further increases to above 80,000, it may confirm an uptrend; if it shrinks to below 5,000, beware of false breakout risks.
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The Transaction Fee Killer: Bitlayer
1. Technical Breakthrough: From 'Digital Gold' to a Practical Leap as a Programmable Financial Cornerstone
1. **A Dual Revolution in Security and Cost**
Bitlayer V2 mainnet adopts a **recursive proof architecture**, compressing transaction data and writing it directly into Bitcoin blocks, allowing the second-layer network to achieve the same security as the Bitcoin mainnet, enabling users to directly verify transactions through the Bitcoin chain, completely eliminating third-party custodial risks.
Its performance indicators directly address Bitcoin's core pain points:
- **Transaction Speed**: Processing thousands of transactions per second (compared to Bitcoin's 7 transactions/second)
- **Single Transaction Cost**: $0.01-$0.1 (over 99% reduction)
1. **A Dual Revolution in Security and Cost**
Bitlayer V2 mainnet adopts a **recursive proof architecture**, compressing transaction data and writing it directly into Bitcoin blocks, allowing the second-layer network to achieve the same security as the Bitcoin mainnet, enabling users to directly verify transactions through the Bitcoin chain, completely eliminating third-party custodial risks.
Its performance indicators directly address Bitcoin's core pain points:
- **Transaction Speed**: Processing thousands of transactions per second (compared to Bitcoin's 7 transactions/second)
- **Single Transaction Cost**: $0.01-$0.1 (over 99% reduction)
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BTC Absolute Drop
BTC Outlook 116000
One, Market Dynamics and Price Performance**
1. **Intraday Price Volatility**
- On August 17, Bitcoin rose slightly by 0.05% to **$117,418.76**, briefly breaking through **$118,000** during the day (currently reported at $118,009.80).
- Previously, on August 15, BTC plunged from a historical high of **$124,500** to **$117,000** (a single-day drop of 4.24%), mainly due to U.S. PPI inflation data exceeding expectations (YoY +3.3%), raising market concerns over the Fed delaying interest rate cuts.
2. **Derivatives Market Liquidation**
- In the past 24 hours, the total network liquidation reached **$98.64 million**, with long positions liquidating $59.51 million (60% share) and short positions liquidating $39.12 million, reflecting that bullish leverage positions still face pressure.
One, Market Dynamics and Price Performance**
1. **Intraday Price Volatility**
- On August 17, Bitcoin rose slightly by 0.05% to **$117,418.76**, briefly breaking through **$118,000** during the day (currently reported at $118,009.80).
- Previously, on August 15, BTC plunged from a historical high of **$124,500** to **$117,000** (a single-day drop of 4.24%), mainly due to U.S. PPI inflation data exceeding expectations (YoY +3.3%), raising market concerns over the Fed delaying interest rate cuts.
2. **Derivatives Market Liquidation**
- In the past 24 hours, the total network liquidation reached **$98.64 million**, with long positions liquidating $59.51 million (60% share) and short positions liquidating $39.12 million, reflecting that bullish leverage positions still face pressure.
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Bitcoin's market is really slow, bearish
1. **Focus of Long/Short Game**
- **Resistance**: $119,300 (Fibonacci 0.5 retracement) and $120,800 (0.618) form a strong resistance zone; breakthrough requires increased trading volume.
- **Support**: $116,500 (200EMA + July trendline) is the lifeline of the day; falling below may trigger algorithmic selling to $113,500.
2. **Conflicting Signals from Technical Indicators**
- **Bullish Factors**:
- 4-hour chart Bollinger Bands are narrowing (middle rail $117,700), indicating that volatility is about to explode.
- Institutions continue to accumulate: BlackRock increased its BTC holdings by $500 million in a single day, and ETF net inflows hedge retail selling pressure.
- **Bearish Risks**:
- The DMI indicator shows that the short side is dominant (-DI 26.8 > +DI 24.6).
- Net outflow of $47 million from exchanges, suggesting short-term profit-taking pressure.
3. **Catalysis by Macro Events**
- Preview of the Federal Reserve's Jackson Hole Annual Meeting (August 21-23): If dovish signals are released, it may help BTC break through the range.
- Geopolitical Risks: The Russian-American "Putin-Biden meeting" did not reach a substantive agreement, and risk aversion potentially supports Bitcoin.
1. **Focus of Long/Short Game**
- **Resistance**: $119,300 (Fibonacci 0.5 retracement) and $120,800 (0.618) form a strong resistance zone; breakthrough requires increased trading volume.
- **Support**: $116,500 (200EMA + July trendline) is the lifeline of the day; falling below may trigger algorithmic selling to $113,500.
2. **Conflicting Signals from Technical Indicators**
- **Bullish Factors**:
- 4-hour chart Bollinger Bands are narrowing (middle rail $117,700), indicating that volatility is about to explode.
- Institutions continue to accumulate: BlackRock increased its BTC holdings by $500 million in a single day, and ETF net inflows hedge retail selling pressure.
- **Bearish Risks**:
- The DMI indicator shows that the short side is dominant (-DI 26.8 > +DI 24.6).
- Net outflow of $47 million from exchanges, suggesting short-term profit-taking pressure.
3. **Catalysis by Macro Events**
- Preview of the Federal Reserve's Jackson Hole Annual Meeting (August 21-23): If dovish signals are released, it may help BTC break through the range.
- Geopolitical Risks: The Russian-American "Putin-Biden meeting" did not reach a substantive agreement, and risk aversion potentially supports Bitcoin.
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