Ethereum

is in trouble

Why?

A comprehensive interpretation of five factors

Why is ETH so sluggish?

1: After the Ethereum ETF was approved,

Grayscale’s early selling pressure was too great,

other institutions could not take it up, and it took a long time to digest it and it was indigestible.

2: The chain is not good, the gas is not high,

from deflation to inflation, plus other coins grabbing the market,

the business model is questioned.

3: The main force is selling, and the Ethereum fund is only cashing out,

making people doubt that it has no original intention.

4: ETH cannot keep up with the market, and there is no bottom line when it falls,

everyone thinks it is better to buy BTC, SOL, and BNB.

Analysts are reserved about the forecast that the scale of tokenized RWA will reach $30 trillion by 2030, and believe that $1.3 trillion is more reasonable. Based on the current growth rate, Real Vision Chief Crypto Analyst Amie Coutts estimates that the scale may reach $1.3 trillion by 2030, which is much lower than the previous forecast of $30.1 trillion by Standard Chartered Bank and Synpulse.

The daily line of Bitcoin fell below the 60,000 mark yesterday, and the lowest downward pin was around 57,900. The upper pressure is near MA30. If it breaks through, it can be seen near MA14. MACD bulls shrink, and there are signs of a dead cross. The four-hour needle tip just stepped back to 0.382 (near 58,000). If it steps back again, you can take more nearby. The upper pressure is near MA120. MACD shorts increase. Short-term longs can be taken near 58,600-58,000. The rebound target can be seen near 59,800-60,600. Rebound to 60,200-60,000 can be taken short, and the target is seen near 59,200-58,600.

The trend is rising, so you can only wait for more positions. Even if you know it will fall now, if it goes up, you will be trapped and you can't do anything short.

The current market continues to fluctuate downward. From the 4-hour level, the short-selling volume has almost ended. It can’t fall much further. There is not much room below. It started to close positively at 8 am and continued to be mainly low-long during the day, and a strong rebound is expected.

After a small miss in the morning, the intraday market has been fluctuating in a small range. The retracement mentioned in the morning has been entered. The current market has reached the bottom of the range. The big cake 63500 can continue to increase the position! Look up to 64500

Ethereum's trend is very obvious at the 4-hour level. It has been running steadily along the descending box. There have been two slightly larger retracements before, but both stopped at around 2715.

However, these two retracements occurred on weekends, and Grayscale could not ship. But when the US stock market opens tonight, the situation will be different. If Grayscale can ship again, it will be difficult to determine whether 2715 can withstand the selling pressure.

As for the current price, it is not suitable for long positions. For coin friends who want to open long positions, it is recommended to wait patiently for the US stock market to open and observe the market situation. If the price breaks through 2715, you can pay attention to the retracement near the previous support level of 2680. Don't place an order, follow the trend, and go wherever you go.

From the daily line, there is an unobvious top, bottom, and bottom pattern. Friends who are not deeply trapped by the space order of Ethereum have the hope of being untied tonight. For coin friends who want to enter long positions, it is not urgent to wait for the retracement to form a new support before entering. Because the specific depth of the retracement cannot be confirmed yet.

Powell's reasons for signaling a rate cut are mainly as follows:

• Easing inflation pressure: The U.S. inflation rate is steadily falling back to the Fed's 2% target. The Fed's inflation rate indicator shows that the inflation rate has gradually declined from previous high levels, such as the peak of more than 7% in June 2022, to the recent 2.5%, lower than 3.2% a year ago. The reduction in inflationary pressure provides room for monetary policy adjustments, making rate cuts a possible policy option.

• Changes in the labor market: Although the U.S. unemployment rate recently reached 4.3%, triggering the "Sam's Law" that foreshadows an impending recession, Powell believes that the rise in unemployment is due to more people entering the labor market and slower hiring, rather than increased layoffs or a general deterioration in the labor market. And the labor market has cooled significantly from its previous overheated state. Powell said he does not want or welcome a further cooling of labor market conditions, which means that the downside risk of employment has increased, and monetary policy adjustments are needed to avoid a sharp rise in unemployment in order to achieve the Fed's goal of maintaining a strong labor market.

Bitcoin and Ethereum are taking off, and altcoins are also rising. Don't take so many positions in the small-cap altcoins that were hot a few days ago. Those with large positions can reduce their positions to light positions. The market is strong and funds are flowing back to the mainstream sectors. The hype of small-cap altcoins may gradually weaken.

First, let's see Bitcoin hit 70,000 points, and then watch the altcoins pull back. Pay more attention to mainstream popular coins such as WIF, PEPE, and SATS, and small-cap coins are secondary.

The so-called way of heaven is actually to adapt to the law.

That is, the law exists objectively. Whoever can adapt to the law will be the winner and the successful person of the next era.

Whoever goes against the law every day will be very passive and may lose everything and gain nothing.

Therefore, the essence of education is to help a person learn how to discover the law.

After Bitcoin plunged below 4.9W on August 5, it has been repeatedly moving around 60K recently. This is to further clean up the unsteady chips and prepare for the next big market. As the US stock market rises, part of the huge amount of profit-taking in the US stock market will flow into the cryptocurrency market as a new asset allocation, and the cryptocurrency market will become a new reservoir of US dollars. Visible wealth will definitely come, it's just a matter of sooner or later.

Trump fires again: Big scandal! Non-farm payrolls downgrade reveals a scam!!!

Last night, the U.S. Bureau of Labor Statistics released an analysis report showing that the U.S. economy added 818,000 fewer jobs than initially reported between March 2023 and March 2024, the largest revision since 2009.

Trump claimed on Wednesday that the revision of federal employment data was a pro-Democratic conspiracy by the Biden administration! This revision proves that Biden and Harris conspired to manipulate federal economic data! He even directly typed "big scandal" on his Truth Social social networking site!

There are currently two general views on this revision:

One is that this revision will exacerbate people's concerns about the economy, and the Federal Reserve may lag behind the situation in cutting interest rates, which may very well lead to the collapse of the U.S. economy and stock market.

🚀Bitwise senior investment strategist Juan Leon said on X that the proportion of US Treasuries held by stablecoins may soar from 1% to 15%, becoming one of the top three holders! Currently, the market value of stablecoins has grown from $0 to nearly $170 billion, and as regulation advances, this figure is expected to exceed $1 trillion. 🤯

Stablecoins not only enhance the global influence of the US dollar, but will also become the preferred mechanism for digital commerce. What do you think? Feel free to share your views in the comments section

Dogecoin Sends Strong Buy Signal, Is a Rally Coming?

Over the past two weeks, Dogecoin has been trading in a tight range between $0.101 and $0.104.

As of the time of writing, Dogecoin is trading at $0.10370, down 0.90% from the previous day’s close. Despite the consolidation, the stability of Dogecoin’s price could indicate that there could be potential hidden strengths for Dogecoin amidst the broader market volatility.

On August 20, Dogecoin broke through the $0.102 support level, but Bitcoin subsequently fell below the $60,000 mark, causing it to return to a consolidation phase. Currently, Dogecoin has climbed above $0.104, rekindling hopes of a market recovery. Analyzing key factors such as Bitcoin price action and Dogecoin’s overall market sentiment is crucial to judging the likelihood of a strong rebound.

Despite the unpredictability of the market, optimism in the Dogecoin community remains high. Dogecoin’s 90-day weighted sentiment has remained positive, with trading volume doubling since the beginning of August to $506 million.

Just talk about the key points, read it carefully

1. The current cryptocurrency market is still in a relatively calm "washing" stage, but this tranquility will not last too long.

2. As more tokens such as TRON and Chain Games begin to stir and start various hypes, it indicates that the arrival of the bull market is not far away.

3. It is expected that Q4 will be accompanied by more opportunities, which is also the last quiet moment before the bull market is about to start.

4. As more and more currencies begin to increase their volume, this will further promote the entire crypto market into a boom period.

5. Given that the time for the big outbreak is getting closer, it is still a good choice for brothers with bullet funds to enter the market in batches.

When will sol become strong?

Teachers, give me some direction

The big one is coming

Can I go short, teachers?

Second leg 46666