In recent days, although the market fluctuations are not intense, the information volume is not small. The seemingly boring oscillation is actually quietly laying the groundwork.
BTC: Weak rebound, low trading volume, difficult to stop the decline
Since BTC touched the bottom on August 3rd, this rebound still cannot escape the word "weak". Without volume expansion and unable to return to key levels, it remains in a daily downtrend channel. If it continues to oscillate with shrinking volume, I personally believe this looks more like a continuation of the decline, and the 112,000 level will eventually be lost.
Contact+Q: 3806326575
Currently, the market is temporarily balanced between bulls and bears, with no clear dominant side. Short-term, only time can create space. From the convergence of trend lines and descending channels, this change will not exceed the 17th at the latest. During this period, pay attention to whether high and low points can gradually rise, which is key to determining if the decline has stopped.
Ethereum shines again, Altcoins generally follow the decline but not the rise
ETH remains strong, having broken through the upper limit of the previous upward channel again. Whether it can stabilize at the Bollinger middle band is crucial for the next market movement. In comparison, most mainstream Altcoins continue to struggle in the daily downtrend, completely failing to follow ETH's momentum, which is the most obvious market divergence currently.
#Pepe is currently barely holding at the lower edge of a converging triangle, precarious. Honestly, I won't make a move without volume to stop the decline, preferring to wait and see. #Sui is slightly better, showing signs of stabilization, trying to change the slope of the descending channel, though the rebound strength is also limited. In the short term, if it can reach 3.1 or even 2.85, it would be an ideal entry point.
Contact+Q: 3806326575 Overall, the market is still in the fourth wave of adjustment, so the approach is to observe more and act less.
Trump signs executive order? Policy dividend forcibly extended?
The market just broke out a heavyweight news, the positive news level is quite significant, almost like a "forced life extension". Although short-term suppression still exists, from a medium to long-term perspective, this can basically be seen as the starting point of a policy dividend.
ETF slightly flows back, institutional sentiment clearly warming
Yesterday, ETF funds flowed back again, with BTC inflow of 90 million and ETH of 30 million. Although the volume is not large, the market sentiment warming is obvious.
Contact+V: c13298103401 More critically, institutions like Treasury, Saylor, Tom Lee, Placeholder are almost collectively bullish - Tom Lee even directly stated: Buying ETH now is like buying BTC in 2017, with a future ETH/BTC exchange rate target of 16,000!
Standard Chartered Bank also supports ETH Treasury, believing it's more attractive than spot ETH ETF because it can participate in staking and bring higher returns. This means if staking ETF is approved in the future, it will be a FOMO-level trigger point.
Is the spark of DeFi Summer already burning?
Today, ETH stabilized at 3700, #SOL broke through 170, and many Altcoins started to move, especially the DeFi track performance was the most eye-catching.
Projects like ENA, FLUID, #Pendle, #dYdX are leading the gains. The stablecoin pool collaborated by ENA and AAVE can even provide a 12% annual yield.
Observe more during oscillation, main focus on ETH and DeFi infrastructure
The current market is in a typical oscillation and bottoming stage. BTC is still in a weak adjustment, but the structural divergence brought by ETH's outstanding performance might be the starting point of opportunity.
The expectation of DeFi Summer is warming up, and the mid-term value of #Public Chains and #DeFi infrastructure remains valid. Maintain patience, wait for structural breakthrough or market confirmation. Not aggressive now, but also cannot be absent. If you see these changes, don't be scared away by short-term fluctuations. The real market is probably brewing.
That's it for the article! If you're lost in the crypto world, consider planning and harvesting with me! Follow the public account: Crypto Meow y
Join the community without threshold VX+Q group, get market analysis, Altcoin operation... V: c13298103401 or Q: 3806326575
