Analysis of Bitcoin Market on August 21: Dual Test of Pressure and Support

With the arrival of August 21, the Bitcoin market is still in a fierce game between key pressure and support levels. The 61000-62000 area above is an "obstacle" that has not been crossed many times, and its psychological impact cannot be ignored; while the 57700-58500 range below has become an important line of defense for bulls. In this context, the market may continue to maintain a volatile pattern in the short term until one side is strong enough to break the current balance. Investors should pay close attention to market dynamics and flexibly adjust strategies to cope with possible market changes.
$BTC $BNB $SOL #美国CPI数据连续第4个月回落

Trump extends an olive branch: Will Kennedy Jr. become a rising star in the government?
The political situation is stirring again! Former US President Trump recently released a heavy signal, saying that if Robert F. Kennedy Jr. can give him firm support, he is willing to seriously consider bringing this political rising star into his team and entrusting him with an important government position. This statement undoubtedly dropped a bombshell on the American political arena.
It is worth noting that Nicole Shanahan, the running mate of US presidential candidate Kennedy Jr., had previously revealed that they were weighing whether to withdraw from the fierce presidential election and support Trump. If this change comes true, it will undoubtedly add a touch of color to Trump's political map + communication Junyang: 954737157, and it also indicates that the US political ecology may usher in a new round of reshuffle and reorganization.
Kennedy Jr., as an outstanding representative of the Kennedy family, his political influence cannot be underestimated. If they can really join hands with Trump, how the two will jointly write a new chapter in American politics has undoubtedly become the focus of global attention. This political drama is slowly opening up, let us wait and see!
$VOXEL $LOKA $SUN #美国CPI数据连续第4个月回落

The cash flow pressure of mining companies continues to increase, and debt financing has become a new trend
As 13 U.S. listed mining companies disclosed their second-quarter financial reports, a clear signal emerged: Despite market fluctuations, mining companies' thirst for cash flow has not diminished. TheMinerMag analysis pointed out that the hash price after the Bitcoin halving failed to boost cash flow as expected, forcing many companies to restart debt financing.
Statistics show that in the second quarter alone, nine mining giants including Bitdeer and Bitfarms raised more than US$1.25 billion through stock issuance, and Iris Energy also raised US$458 million through market issuance. Since the halving, large mining companies have raised more than US$2.1 billion in equity financing, with an additional US$530 million in new capital added in the third quarter.
Notably, debt financing instruments such as convertible notes and asset-backed loans have heated up significantly in recent times. Hut 8 raised $150 million through Coatue notes, and Marathon and Core Scientific issued a combined $700 million in convertible notes to address market challenges. Core’s debt restructuring and Marathon’s Bitcoin holdings increase plan both demonstrate the industry’s urgent need for funding flexibility.
What’s even more remarkable is that CleanSpark reached a credit agreement with Coinbase using Bitcoin as collateral, and Canaan also promised 530 Bitcoins in exchange for a loan of US$19.2 million + Exchange Junyang: 954,737,157 yuan, highlighting the role of crypto assets in financing strategies. New roles.
Faced with the sluggish Bitcoin hash rate of $43/PH/s, this series of financing actions by mining companies has undoubtedly injected new vitality and thinking into the industry. At a time when challenges and opportunities coexist, how to efficiently manage funds and optimize operating strategies has become a topic that every mining company must face.
$CVX $RARE $SYN #美国CPI数据连续第4个月回落 #新币挖矿TON

Bitcoin market review and outlook: short-term fluctuations do not change long-term trends

Looking back at today's (August 16) Bitcoin market, the market showed a relatively stable trend today after yesterday's violent fluctuations. The price of Bitcoin fluctuated between $56,000 and $57,000, indicating that the market's short-term adjustment pressure has eased.

Although Bitcoin prices fluctuate in the short term, in the long run, its position as the leader of digital assets remains solid. With the continuous development of blockchain technology and the expansion of application scenarios, the potential value of Bitcoin will be further released. Therefore, investors should maintain long-term confidence in the market and pay attention to changes in Bitcoin's fundamentals and technical aspects. $BTC $CVX $SYN #美国CPI数据连续第4个月回落

NEAR mainnet ushers in a revolutionary breakthrough: Chain Abstraction is officially launched, leading a new era of seamless cross-chain transactions
The NEAR Foundation announced on Thursday that its carefully developed Chain Abstraction function has been successfully launched on the NEAR mainnet, marking an unprecedented era of convenience for cross-chain transaction experience. This milestone not only demonstrates NEAR's firm determination to promote the "chain abstraction" design concept, but also heralds a new chapter in user experience optimization in the multi-chain ecosystem.
NEAR co-founder Illia Polosukhin personally stood on the stage and introduced the grand blueprint of Chain Abstraction in detail, aiming to completely simplify the complex and ever-changing + communication world of cryptocurrency through technological innovation, allowing users to freely shuttle in the multi-chain interwoven network and enjoy a seamless and smooth transaction experience. This innovative move has undoubtedly injected strong momentum into the NEAR ecosystem and the entire blockchain industry, opening a new era of cross-chain transactions.

$BTC $1000SATS $DYM #加密市场反弹

BTC market analysis

Looking back at yesterday's market performance, Ethereum's trend appears relatively strong, and it has successfully reached a new high, which is in line with our prediction of a rise after the central structure. Bitcoin, on the other hand, appears too weak and fails to form a good linkage with Ethereum. In terms of today's strategy, there are two possibilities for Bitcoin: if it fails to break through a new high, it may experience a rebound of three waves before bottoming out again; on the other hand, if Bitcoin can follow the strength of Ethereum, there may be an opportunity for a catch-up rise. For Ethereum, our operating ideas are very clear, and we should be actively bullish during a pullback to seize the opportunity for its rise. $SAGA $BTC $1000SATS #加密市场反弹

A new era of legalized mining in Russia: Putin signs cryptocurrency mining regulations
Russian President Vladimir Putin signed a landmark law on August 8, 2024, officially incorporating cryptocurrency mining into the Russian legal system, marking the legalization of mining activities in the country. The new law not only clarifies key concepts such as digital currency mining, mining pools, and mining infrastructure operators, but also innovatively regards mining as part of turnover rather than currency issuance.
In order to regulate the market, only registered Russian legal entities and individual entrepreneurs are allowed to participate in mining, but individual mining does not need to register if it does not exceed the energy consumption limit set by the government. At the same time, the law allows foreign digital financial assets to be traded on Russian blockchain platforms, but the central bank reserves the power to prohibit the issuance of potential financial stability threats.
Putin has previously shown his attention to the field of digital currency, emphasizing its economic potential, and instructing the rapid construction of a legal and infrastructure framework to promote the circulation of digital assets. The new regulatory system will be jointly led by the central bank, the Ministry of Finance and the government cabinet, and the regulatory details will be refined in the coming months. It is worth noting that the new law also strictly controls the large-scale placement of cryptocurrency advertisements in Russia.
The law will take effect ten days after its publication, indicating that Russia's cryptocurrency mining industry is about to enter a new stage of standardization and legalization. $CVP $BETA $HOOK #美联储何时降息？ #加密市场反弹

BTC market analysis

Yesterday's market analysis clearly pointed to bearishness. We proposed two possible trends, which were confirmed on today's market. At present, the market is in a 4-hour level correction, and has gone out of the ABC three-wave decline pattern, especially in the A wave decline stage. Based on this structure, today's operation strategy will be to short at highs, and after the A wave correction is completed, consider a small position to go long to welcome a possible market rebound. $BTC $CVP $BETA #加密市场反弹

In the cryptocurrency space, one trend worth noting is the emergence and integration of traditional finance (TradFi). When you delve deeper into cryptocurrencies, you will find that the level of adoption of traditional finance is an important factor that makes people optimistic.

From Bitcoin ETF to Ethereum ETF to BUIDL, cryptocurrencies are constantly writing new chapters in history in the current cycle. In the process, institutional investors are increasingly investing in the cryptocurrency field and even starting to use on-chain tools. This development trend is of great significance, not only for cryptocurrencies themselves, but also for ETFs. For example, BlackRock's IBIT ETF has shown an astonishing speed in asset size growth, and its assets under management have reached $10 billion faster than any other ETF in the past.

Over time, more and more funds and services are beginning to be deployed on the chain. This trend of tokenization of traditional assets is becoming increasingly obvious and has become a direction worth betting on. It means that the barriers between traditional finance and cryptocurrency are gradually being broken down, and the integration between the two is deepening. The strong capital, mature risk management experience and broad customer base of traditional finance, combined with the innovative technology and decentralized characteristics of cryptocurrency, are expected to bring new changes and opportunities to the financial sector. In the future, this trend may reshape the entire financial industry. Let us wait and see.
$GFT $WIF $AI

$GFT $WIF $AI BTC market analysis
Yesterday's trading strategy successfully reflected the thinking of high-altitude and low-multiple. The long orders in the 55200-54700 range in the morning were perfectly profitable, and Mr. Xue Ye's short orders also made profits. This successful trading strategy has enabled us to achieve good performance in a volatile market. The current market has failed to break the support in the past day and maintained a volatile rise, which indicates that the rebound trend may still continue, especially Ethereum, which shows the characteristics of falling sideways, and there is a high possibility of continuing to fluctuate upward. Therefore, today's operating idea is to try to go long at low positions first, and go short at high positions according to market conditions, while paying attention to risk control.

Polymarket predicts: The probability of the Federal Reserve cutting interest rates by 50 basis points in September soars to 59%
As financial markets pay close attention to the Federal Reserve's monetary policy trends, data on the political prediction market platform Polymarket shows that market expectations for the Federal Reserve to cut interest rates by 50 basis points in September have increased significantly. So far, investor bets on the platform show that the probability of the Federal Reserve cutting interest rates by 50 basis points in September has soared to 59%. This number not only reflects the broad consensus of market participants, but also indicates that the complex challenges facing the global economy are prompting The Federal Reserve accelerates the pace of easing.
As inflationary pressures remain high, economic growth momentum slows, and geopolitical risks intensify, the market generally believes that the Federal Reserve needs to adopt more proactive monetary policy measures to deal with challenges. As one of the traditional means of economic stimulus, interest rate cuts are expected to heat up and have undoubtedly injected new + Exchange Junyang: 954737157 uncertainties into the financial market.
This forecast data on the Polymarket platform not only provides investors with an important window to observe market sentiment, but also further highlights the complexity and variability of the global economic environment. Investors need to pay close attention to the Fed's subsequent policy trends and market reactions in order to formulate reasonable investment strategies to deal with potential risks.
$GFT $AMB $BTC #加密市场反弹

BTC market analysis today

Yesterday's market did not rebound as strongly as expected, but showed a weak trend. Although we expected that the market might rebound, we chose not to go long and wait and see due to uncertainty about its strength. It turns out that this strategy effectively avoids unnecessary losses. Today's market situation is worth paying attention to. The market is currently approaching a key support level of **63700**. If it can stabilize and rebound, we may usher in a new upward trend, which is expected to test the target of **70000**. However, if the market falls below 63700, the upward trend + communication Junyang: 954737157 will end, and we need to turn to shorting. Therefore, we will be cautious in going long today and set a strict stop loss to ensure that the risk is controllable. $BTC $GFT $AMB #加密市场反弹

Nick Timiraos, the "Fed mouthpiece," was quick to comment on the Fed's FOMC statement. The meeting did not give a clear signal that interest rates would be cut in September, but there were some significant changes in the first half of the statement. The dual mandate is back, with inflation being described as "high" instead of "somewhat high."

Nick Timiraos noted that the Fed statement said "the committee is concerned about both aspects of its dual mandate" and removed the phrase "high concern" about inflation risks that policymakers had described over the past two years. This shift is significant, meaning that inflation may no longer be an obstacle to the Fed's rate cuts, especially as the labor market continues to cool.

This change reflects the Fed's reconsideration of the current economic situation and policy goals. The adjustment in the inflation statement suggests that its pressure may be relieved, while the emphasis on the dual mandate shows that the Fed is beginning to pay more attention to other economic factors such as employment while paying attention to inflation. This dynamic may bring new possibilities for the future direction of monetary policy, and all parties in the market are closely watching the subsequent developments.

$AMB $FXS $GFT #美国政府转移BTC

Today's BTC market analysis

Yesterday, the strategy we focused on was to look for low-level long positions. 63,500 was regarded as a key support level. Once it fell below, the market might explore 62,000. Last night, the price fell to 62,300 and then quickly rebounded by more than 3,000 points, but we still regard this as an oversold rebound. From a structural analysis, the market has fallen below the previous support center, indicating that the trend has reversed, and the current rebound stage is more suitable for shorting.

There are two possible development paths for the current market trend: one is a callback to the rising range of 53,300-70,000, and the other is that the rising trend has ended, the market will experience a shock decline, and may form a new low and enter a small bear market. Based on these judgments, today's operation strategy is to seek long opportunities after the callback, while deploying short orders at high levels to flexibly respond to market changes.
$AMB $FXS $GFT #美国政府转移BTC

The change in the political wind of cryptocurrency and the latest developments of the Ripple case

Recently, the cryptocurrency field has ushered in positive signals from the other end of the political spectrum. On July 27, Democratic members of the U.S. House of Representatives jointly wrote a letter calling on the party to take a more "forward-looking and open" stance on blockchain technology and digital assets. This move marks a subtle change in the attitude of the Democratic Party towards cryptocurrency.

In response to this initiative, the top leaders of the Democratic Party have also taken action. The advisory team of Harris, the U.S. Vice President and potential Democratic presidential candidate, has taken the initiative to contact cryptocurrency companies to repair and strengthen the Democratic Party's ties with the industry, further reflecting the re-evaluation and acceptance of the value of cryptocurrency within the party.

At the same time, in the cryptocurrency market, the legal tug-of-war between Ripple and the U.S. Securities and Exchange Commission has once again caused waves. The market generally expects that this high-profile lawsuit will reach a critical node this week, and traders are holding their breath. Previously, the prediction of well-known cryptocurrency lawyer Fred Rispoli that the case will be settled in July 2024 also added more uncertainty to this legal battle.

It is particularly worth mentioning that the SEC's recent withdrawal of "security status" requests for cryptocurrency projects such as Solana, Cardano and Polygon was interpreted by the market as a sign that the Ripple case may usher in a positive turn. This move undoubtedly injected a shot in the arm for market sentiment, and traders' optimism about the Ripple case (especially the final ruling on whether XRP is considered "non-security") has increased significantly.

In addition, rumors that Ripple and the SEC may reach an out-of-court settlement were already rampant before the closed-door meeting on July 25, further exacerbating market expectations and speculation. Back in July 2023, when Judge Analisa Torres initially ruled that XRP was not a security, Ripple won a phased victory, which is still one of the focuses of market attention. $BTC $XRP #比特币大会 $BOME

Bitcoin market analysis: ready to go, the rebound window may have opened
Looking back at yesterday, we expected the market to maintain a volatile downward pattern, but today's market found solid support at the middle track position, releasing a rebound signal. At present, the market faces two possible trend paths: one is that technical indicators may diverge, thereby triggering a round of rebound, which may start rapidly or gradually advance in a more moderate way. After that, the market may return to the bottom support again; the second is that the market directly reverses, regards the previous decline as a wash, and then rebounds strongly, continuing to challenge the important psychological barrier of 70,000 US dollars. In either case, signs of rebound have appeared, and investors need to communicate closely Junyang: 954737157 Pay close attention to the strength of the rebound, and flexibly adjust the strategy accordingly. When the strength is insufficient, consider shorting at highs, and when the strength is strong, actively seize the opportunity to go long after the correction.
$BTC $XRP $SKL #美联储何时降息？

Pudgy Penguins: Reshaping the New Era of Instagram Marketing in the Crypto World
In the vast starry sky of the crypto world, Pudgy Penguins has lit up a new chapter with its unique Instagram marketing strategy. With a group of cute and interesting Pudgy Penguins characters, they cleverly weave a series of fascinating and life-like posts, and quickly set off a "penguin craze" on the Instagram platform that cannot be underestimated. Today, Pudgy Penguins' Instagram account has gathered more than 1.3 million loyal fans, becoming a beautiful landscape in the crypto field.
What's even more amazing is that Pudgy Penguins' content design is clever, transcending the boundaries of age and interest, allowing everyone to find resonance in it. You may inadvertently find that relatives and friends in the circle of friends are happily participating in their posts and video interactions, but they never realize that behind this is a close contact with an NFT brand. This "silent" marketing strategy not only greatly improves the brand's exposure and participation, but also invisibly brings the crypto world closer to the general public.
Pudgy Penguins' Instagram marketing journey has undoubtedly set a new benchmark for the entire crypto field, proving that in today's world where innovation and fun are equally important, even complex and difficult NFTs can win the love and recognition of global users in a friendly way.
$CVP $CVX $BOME #比特币大会 #美国以太坊现货ETF开始交易

.Ethereum’s decentralized future is questioned: Team leader warns of centralization tendencies
The Ethereum community has been making waves recently, with team leader Péter Szilágyi speaking out on social media platforms and expressing deep concerns about the future development direction of Ethereum. Szilágyi is particularly concerned about the upcoming PeerDAS proposal, which aims to pass a series of adjustments, including increasing the Ethereum blob size to 32MB, but may inadvertently build a high wall for home stake holders to participate in the network.
Szilágyi bluntly pointed out that if the PeerDAS upgrade plan is implemented, it will significantly weaken the status of those home pledge holders who rely on basic computing resources to support the Ethereum network. This move is undoubtedly in line with Ethereum’s long-standing decentralization concept. Going in the opposite direction. "Ethereum researchers + communication Junyang: 954737157
There seems to be a public ‘sacrifice’ of home stakers, which is a far cry from the vision I had when I originally joined Ethereum. ” he wrote, hinting at concerns about the team’s direction.
Even more alarming, Szilágyi further pointed out that the Ethereum research team seems to have been inclined to accept any form of centralized solutions as long as they can pass verification. He mocked: "This is simply a irony - what we are pursuing is a decentralized verification process, but the result is centralized control." These remarks not only revealed the potential crisis on the current development path of Ethereum, but also showed the The entire cryptocurrency community has sent a strong message that the principles of decentralization are unshakable. $STMX $CTXC $CVP #比特币大会 #美国大选如何影响加密产业？

The birth of Aethir: the distributed GPU revolution behind cloud gaming
When exploring the infinite possibilities of cloud gaming, we were deeply attracted by the potential of distributed GPU computing. The story began with my seven years in Beijing, where not only did my startup dream grow, but also witnessed our brave expansion of the boundaries of the cloud gaming network. Faced with the dual challenges of performance and scalability, we came up with a subversive idea - to reshape the cloud gaming ecosystem by decentralizing the hardware layout.
Latency, a problem that has long plagued cloud gaming, is at its core the distance between users and computing resources. We envision that if we can eliminate the constraints of centralized computing and build a more decentralized + communication network, then with the wide coverage of the network, users will be closer to the computing source and enjoy unprecedented low latency and high performance experience. Although centralization brings economies of scale, it sacrifices the ultimate pursuit of user experience. And our vision is to build a new world of cloud gaming that is user-centric and computing is ubiquitous.
Not only that, we keenly capture the intersection with artificial intelligence and extend this innovative concept to a broader field. Of the 3.3 billion gamers in the world, nearly 2.8 billion are limited by low-end devices and are unable to play AAA games. This is exactly the value of Aethir - through the decentralized network of cloud games, the hardware threshold is eliminated, allowing the fun of games to cross boundaries and reach every player.
Today, Aethir is leading a revolution in the gaming industry, bringing unprecedented gaming experience to billions of players around the world. We believe that the power of technology is enough to unlock unlimited possibilities and make the gaming world more inclusive and exciting. This is our original intention and mission.
$CVP $IRIS $STMX #美国以太坊现货ETF开始交易

New Trends in the Cryptocurrency Market: Decentralization Surges, Infrastructure Leads the Way
The cryptocurrency market is undergoing an unprecedented transformation, none more dramatic than the significant spike in market dispersion. This phenomenon not only breaks the synchronicity of the traditional market, but also brings more diversified choices and challenges to investors.
Tokens in the infrastructure and technology fields, such as BTC, ETH, etc., are gradually becoming the market leaders. These tokens have attracted the attention of a large number of investors with their stable performance and strong technical support. In contrast, consumer-oriented tokens such as gaming, metaverse and entertainment have suffered a staggering decline. This differentiation not only reflects the market's changing preferences for different areas, but also reveals investors' return to the concept of value investing.
The increase in market dispersion means that the cryptocurrency market is gradually maturing. Various industries no longer simply follow market fluctuations, but develop independent trends based on their own fundamentals and development prospects. This trend provides investors with more opportunities, but it also requires them to have higher professionalism and risk awareness.
It is worth noting that the cryptocurrency market has undergone tremendous changes over the past five years. The number of tokens in the infrastructure space has exploded, accounting for half of the market. At the same time, emerging industries such as artificial intelligence are also rising, injecting new vitality into the market. These changes not only enrich the market's investment varieties, but also provide investors with more choices.
Looking forward, as technology continues to advance and the market matures, the cryptocurrency market will continue to maintain its highly decentralized characteristics. Investors need to pay close attention to market dynamics and have an in-depth understanding of the fundamentals of the industries and projects they invest in in order to formulate more scientific and reasonable investment strategies. Only in this way can we remain invincible in the fierce market competition.
$BETA $STMX $BNX #美国以太坊现货ETF开始交易 #美国大选如何影响加密产业？