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Hello everyone, I am Cannon Teacher. Live broadcast at 7 pm tonight, the dust of the monthly cycle has settled, and the market pattern has reached a critical boundary.
In July, there was a continuous tug of war between long and short positions, repeatedly testing the upper and lower ranges, and the monthly closing line completed the concentrated digestion of chips. The current price remains within the range, and the long short competition has entered a white hot stage.
Key position: Focus on the upper edge of the pressure range above, break through and open up upward space; Maintaining the core support below is necessary to maintain the bullish structure. Once lost, it will trigger a deep retracement.
The trend of ETH is relatively stronger than BTC, and the resilience of bulls is prominent in this round of volatility. There are obvious signs of fund rotation, and the pattern of strong and weak differentiation continues to emerge.
Key position: Pay attention to whether the bulls can continue to exert force in the upper pressure range; The support below serves as a strong weak watershed, and the effectiveness of the retracement support is a key observation signal.
The Three Core Logic of Current Market Trends
Logic 1: Monthly Chip Reset - Long term horizontal fluctuations throughout the month, continuously cleaning up short-term floating funds. The monthly closing line has come to an end, and the market is about to choose a medium-term direction. The volatile market is nearing its end. Continuous sideways trading means that the window of change is approaching, and the subsequent volatility is likely to increase.
Logic 2: Continuous game of macro expectations - In the early stage, the Federal Reserve's hawkish stance suppressed upward space, but market expectations of interest rate cuts have not completely dissipated. The upcoming Jackson Hole Conference is gradually approaching, and macroeconomic expectations are repeatedly being pulled, which will continue to affect the risk appetite of the cryptocurrency market and influence the medium-term trend of mainstream currencies.
Logic 3: Structural differentiation of funds - BTC ETF funds show intermittent inflows and outflows, and institutional funds have a strong wait-and-see attitude; The higher activity of speculative funds in the ETH market and their preference for game market elasticity are also the underlying reasons for the recent relative strength of ETH.
Tonight's live broadcast focuses on the overall market simulation strategy for August: how to follow up on upward breakthroughs? How to layout the key support for stepping back? Key observation intervals and rhythm predictions will be fully decomposed tomorrow night. See you at 19:00, the monthly line will provide the mid-term answer, clarify the August main line before starting again
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.