Today's market analysis

BTC: It rebounded slightly yesterday, and returned to the top of the 7-day moving average of the daily line near 66,800. In Powell's speech in the evening, it was greatly affected by the fact that premature interest rate cuts may reverse the improvement of inflation. The big cake started a trend of falling by more than 3,000 points in a short period of time. From a technical perspective, the 7-day moving average of the daily line turned downward and broke through the 14-day moving average to form a dead cross downward. At the same time, the K-line closed below the 61.8% retracement line of Fibonacci's strongest resistance at 64,800 points, and the short-term downward space was opened again. In terms of operation, the idea of ​​high-level bearish is maintained. The upper pressure during the day focuses on the 65,000-65,500 point range, and the lower support focuses on the low point of the callback in the previous rise process, 63,300-62,800.

ETH: The trend in the past three days has basically been following the 14-day moving average of the daily line. The K-line rebounded to the top of the 14-day moving average of the daily line and then quickly fell back, closing with a long upper shadow line. Yesterday, it closed below the 7-day moving average, and also below the 38.2% Fibonacci retracement line of 3255 points. From the daily line, the second wave of short-term bearish market has been formed. In terms of operation, maintain the idea of ​​high altitude, and focus on the upper pressure of the day at 3240-3270, and the lower support at 3140-3100.

For the copycat: MEW: Continue to be bearish, short-term target is to fall below 0.006 and then look at 0.005! People: Five consecutive negatives, the overall downward trend is obvious, the short-term target below is 0.055!

The above personal opinions are timely, please ask for details!

Some people think that this round of bull market only belongs to meme coins and has nothing to do with ordinary investors. In fact, the growth of other tracks such as RWA, DePIN, AI, BTCFI, ETFi, etc. is not inferior to meme. The reason why you missed the opportunity is that you lack the courage to sell meat for good coins. Once you take the first step, your bull market journey will really begin. The market has stabilized at present, which is a good opportunity for layout. Judging from the current market performance, all sectors have experienced a round of growth. Hurry up and don't miss the opportunity in the second half of the year. Many people have suffered heavy losses in the currency circle.

From today on, you should put past losses behind you and restart your investment journey with a new mindset. If your assets have shrunk from 100,000 yuan to 10,000 yuan, don't always think about getting your money back, as this mentality may distort your investment decisions. Instead, you should think of yourself as a new starting point with only 10,000 yuan, start from scratch, and plan your investment path steadily. Remember, successful investment requires not only strategy and patience, but also the right mindset and awe of risks. In particular, the meme and AI tracks have performed well, and the storage sector has also performed well recently, but the rise of animal-related currencies has been particularly rapid.

August is off to a good start, don’t panic! Here are some opportunities for you to get on board. With the recent market correction, these cryptocurrencies are expected to surge!

SUN

SOL has been very strong recently, and it is on par with Ethereum. The current price is around 168! In this range, there may be some small opportunities for short-term attention, but the sustained short-term growth is not obvious. The monthly line closes with large fluctuations, usually within a few days. In the context of the overall bullish direction, the main thing is to look for opportunities to buy low.

Judging from the adjustment status of SOL, the time and amplitude of the daily line are not enough to support a healthy market rally, so further sideways or corrections may be needed. Short-term players can watch the market and grab rebounds at the support level analyzed by Xiao Miao, while medium and long-term players need to control their positions and arrange in batches. The short-term support level is 175.6~171.1, and the medium and long-term support level is 161.5~154.6.

TON

Toncoin (TON) has been an outstanding performer, surging 229.18% in the past six months. Currently, the token is trading between $6.31 and $7.07 and is experiencing a brief consolidation phase, with a slight drop of 0.37% in the past week and 10.72% in the past month. This minor correction provides an opportunity for potential buyers to enter the market.

The coin is showing good signs of approaching its nearest resistance at $7.53 and has the potential to further reach the second resistance at $8.28. The key support levels are at $6.01 and $5.25, providing a safety net for investors. Technical indicators such as the RSI at 65.80 and the Stochastic at 86.89 indicate that the coin is overbought, suggesting that a correction phase may be imminent.

LPT

Livepeer is the first fully decentralized live video streaming protocol that aims to provide a blockchain-based, cost-effective, decentralized broadcast alternative. Producers can upload their content, and Livepeer takes care of reformatting and distribution. LPT is built on the Ethereum blockchain and is essential for network operations, platform security, and participant rewards.

Livepeer allows users to leverage decentralized computing power and earn crypto-economic rewards. The platform supports a variety of applications, including on-demand pay-per-view content, auto-scaling video services, censorship-resistant live news, and video-enabled DApps. In addition, Livepeer uses a modified Delegated Proof of Stake (DPoS) consensus mechanism, which is more environmentally friendly and more scalable than the traditional proof-of-work system.

Currently, the 4-hour chart is in a double bottom mode, and a rebound at any time can gain 10 points!

HIFI

Hifi is a lending protocol built on Ethereum, with a product range covering cryptocurrency collateralized lending, NFT collateralized lending, and RWA services.

HIFI's trend is quite good. Since the price broke through the daily MA30 line, it has been running above it. From the perspective of trading volume, the volume increases when it rises and decreases when it falls, indicating that this is a right-side oscillation range. Once this range is broken, there will be a large room for growth. As a strong currency, the potential of HIFI when it breaks out may exceed your imagination.

That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.