Wash sale, pullback, or sharp decline?
No matter what it is, as long as you grasp the rhythm correctly, it's like a bull cart coming back to pick you up!
Yesterday's pullback was truly thrilling. BTC was a bit weak, with a deep retracement, but it still held firm at key levels. ETH, on the other hand, was surprisingly strong. I thought 4134 was coming, but with big funds loving it, a quick needle and it took off, with a high probability of a higher rise compared to BTC and other mainstream coins.
Today's market focus:
Macro: CPI data will be released at 20:30, pay attention to the dynamic trend.
Currently, BTC has pulled back to the 117-120 range after a high, with short-term focus on the 117 support. ETH strongly broke through 4000, don't rush to get off, this is just the starting point. Last night's article also mentioned that 4000 is the current support line for Ethereum, with big volatility still ahead, targeting 4800.
#SOL remains weak, can only wait for ETH to stop surging and funds to flow back before having an independent market. Can be positioned at 174-172 range, bullish long-term.
Overall, BTC is oscillating, Ethereum is leading, and Altcoins are ready to move. Prioritize layout for strong targets with bottom accumulation, and add positions when the market opens up. Contact +V: c13298103401Okay, let's focus on Altcoins today. Kitty will summarize recent articles and discuss a few of the most potential Altcoins. You can start building small positions in this wash sale, don't miss out~
ENA: The Chosen One in the Stablecoin Track
#ENA is set to go public on NASDAQ in the fourth quarter. The US fully supports stablecoins, and it's the third-largest issuer globally, only behind USDC and USDT. Last year, its stablecoin USDE's issuance was less than $6 billion, now directly rising to over $10 billion, with the coin price not returning to previous highs, leaving huge room for catch-up.
Reasons for USDE's hot demand are simple: Near-zero risk arbitrage + high yield (20% annualized last year). The model is staking ETH for returns, hedging risks with contract short positions, while earning funding rates. Highly correlated with ETH, as long as ETH is strong, ENA won't be weak. Contact +Q: 3806326575
Technically, it formed a solid W bottom, targeting $1.3, with short-term resistance at $0.89 and support at $0.7-$0.75. Wait for a pullback to support before entering, with full target to listing. Join group +Q: 3806326575 Free community entry, no exchange recommendations, no link clicks
UNI: Good News Finally Arrives
On July 25th, I reminded everyone to watch #UNI, and now the DUNI proposal has come - not just a governance structure adjustment, but a major experiment in DAO maturation.
Once passed, it can find legal basis for the long-pending "fee switch". In a bull market, such a proposal is likely to be implemented. For those in the 8-10 range, wait to harvest; for those not yet in, if there's a chance to return to this range, go all in, potential to double.
Specific token recommendations:Selling conspiracy? After BTC drops to 114K, Altcoins sound the charge? AI narrative takes the lead, new opportunities for DOGE, ENA, UNI!
SOL: The Underestimated Next Dark Horse
Sector rotation is common in crypto. A few months ago, no one cared about ETH, now it's a star. SOL's on-chain data is not inferior to ETH, but its market cap is only 1/5, and the price is still half of its historical high.
Spot ETF might be approved on October 10th, with several "micro-strategy" type institutions set to complete financing. My expectation is that October will be the breakout window for SOL and ecosystem coins like #PENGU.
Recommended reading:Ethereum rocket breaks new highs! SOL, Bonk, Pengu receive major good news, another money-making opportunity? Will CPI data be the final trigger?
Summary: The bull market relay has sounded the horn:
- Among mainstream coins, #ETH leads, BTC holds the line
- ETH leads its ecosystem, especially #LDO, which has been strong recently
- SOL is weak, waiting for ETH to stop and funds to flow back before its performance
- UNI, ENA, PENGU each have 2x potential
As for August's market, the early articles have been discussing this, you can go back and check. Opportunities are always for the prepared, so layout early.
That's it for the article! If you're still unsure in the crypto world, why not join my layout? No threshold to join VX + group, get market analysis, Altcoin opportunities, and individual coin operations in real-time... waiting for you, otherwise you might miss the next market wave. V: c13298103401 or Q: 3806326575
