‘A drop of 110,000 dollars in 24 hours! Trump and Crypto.com go crazy, the Web3 storm sweeps the globe in August’
The Web3 space in August is 'hotter' than the summer in Chongqing - Trump's marriage to Crypto.com ignites the crypto market, Bitcoin crashes over 10,000 dollars in a single day, 900 million in funds evaporates, while Ethereum pushes against the trend to hit 5,000 dollars? Under the triple storm of policy, capital, and technology, how can ordinary people seize the opportunity of 'wealth redistribution'?
1. Trump + Crypto.com: A 'crypto marriage' worth 200 million dollars.
On August 26, Trump's Trump Media and crypto giant Crypto.com suddenly announced the establishment of a joint venture, locking in 100 million CRO tokens (about 200 million dollars) in a 'crypto vault' model, and promising not to sell for a year. Upon the announcement, the CRO token surged 20% in a single day, showcasing a capital frenzy under the 'presidential effect'.
Any strategy must adapt to the market, rather than forcing the market to adapt to its own strategy. This is clearly putting the cart before the horse, just like how experts let their minds dictate their actions, while most people let their actions dictate their minds. Some people do not understand the essential difference in this. Acting after forecasting rather than forecasting after acting, or even fantasizing. The hardest part of the unity of knowledge and action is whether you trust your own predictions; lack of trust leads to disunity. #ETH走势分析 Unwavering
#美国7月PPI年率高于预期 #ETH Obsession... Obsession... No matter how excellent a trader is, there will be times when their state is not right. When the state is not right, they should immediately rest, adjust their state, observe the market with a cold eye, or relax a bit, instead of continuing to open positions due to obsession or emotions... As long as there is volatility in the market, there are opportunities, but it's impossible for a person to seize every so-called opportunity. Money can never be earned completely, but it can be lost entirely!
ETH Breaks New High Market Analysis • ETH reached an all-time high of over $4300, then retraced to around $4167 • Market capitalization reached $509.392 billion, surpassing Mastercard to become the 22nd largest asset globally • 24-hour trading volume remains at $40.72 billion, forming a 'breakout retest' technical pattern Factors Driving Upward Movement • Institutional Funds: ETF net inflow of $461 million in a single day, mainstream financial institutions continue to increase positions • Corporate Investment: Large companies invested $200 million to build the Ethereum ecosystem • Short Squeeze: $248 million in short positions were liquidated within 24 hours • Technical Support: Efficiency increased by 300% after Ethereum 2.0 upgrade, TPS reached 4500
ETH Breaks New High Market Analysis • ETH reaches an all-time high, breaking $4300, then retraces to $4167.45 • Market capitalization reaches $509.392 billion, surpassing MasterCard to become the 22nd largest asset globally • Institutional funds: ETF net inflow of $461 million in one day, mainstream financial institutions continue to increase positions • Corporate investment: Large companies invest $200 million to build the Ethereum ecosystem Trading Strategy Reference • Support and Resistance: The $4100-$4200 area has turned into support • Technical Indicators: MACD is bullish, but RSI has reached 78 entering the overbought zone, be cautious of short-term pullbacks • Operational Thoughts: Consider positioning if stabilizing around $4150, set stop loss at $3980 If the situation looks unfavorable, exit immediately
In the past four years, there have been a total of 4 attempts to break through 4000, but at the 4000 position, a big setback was experienced. Now this is the fifth charge to see if we can stand up in one go. Will history repeat itself here? The potential upward is immeasurable #ETH突破4000 It is not recommended to take action here; it’s better to observe for a while. Yesterday's short position was stopped out, wait for signals before considering going long or short $ETH $
#eth突破4000 and the last few days mentioned the day before yesterday, the rise to 4000 is also as expected. If it needs to rise higher, a pullback would be better. At the key level of 4000, we need to see if it can stabilize around 4000 and open up upward space 📈. There should be a pullback around the weekend $ETH
According to relevant news, President Trump of the United States has officially signed an executive order allowing 401(k) investors to invest in alternative assets such as cryptocurrency. Those who went long last night should have profited. Let's continue to predict if we can reach around 4000 today $ETH