Coin Victory Group: On August 14, Bitcoin is sluggish, Ethereum is closely following the trend, is there still hope for the crypto world?

CN
币天王
Follow
2 hours ago

Click the link to watch the video!!!!!!!

Do not worry about having no like-minded friends on the road ahead, there are kindred spirits in the investment world. Good afternoon, friends! I am the King of Coins from the Coin Victory Team. Thank you all for coming here to watch the King’s articles and videos. Every day I bring you different news from the cryptocurrency world and precise market analysis. The articles and videos have been on hold for a while; one reason is that the King has been dealing with some family matters and the other is that most of my energy this year has been spent assisting a big brother with his investments. The goal has been achieved, and big brother has achieved preliminary financial freedom, so my focus has freed up. In the next few months, I should maintain updates on articles and videos, so keep an eye out.

Let’s first talk about trending topics before discussing the market. First, we look at the broader direction. After the significant adjustment in the financial market in July, this month we can see that the US stock market is recovering losses, and gold has soared back to a high of 4400, while the cryptocurrency world seems lukewarm, leaving many friends puzzled. From the perspective of capital flow, ETF funding has also been frequently entering the market, a typical pattern guided by institutions. According to past trends, the cryptocurrency sector is bound to see a rebound. In the past week, the number of new BTC wallets created has reached 2.27 million, the highest level in nearly a year; the number of active wallets has reached 751,000, breaking a 10-month record. However, what many friends do not know is that this increase in new wallets is not due to a surge of newcomers entering the crypto world, but rather triggered by security concerns arising from the Coldcard wallet incident, prompting many users to transfer funds, create new wallets, and adjust their custody plans. Last week, the cumulative new ETF funds entering the cryptocurrency sector amounted to 850 million, which seems considerable, but compared to the outflows from May to July, there is still a very large gap. The recent capital inflow has mainly been driven by changes in custody demand and improving expectations of interest rate cuts due to weak employment data. Currently, the purchasing power is insufficient to fully offset the ongoing selling pressure in the market.

Furthermore, miners are also continuously offloading their assets. Affected by the continued decline in Bitcoin prices, many mining companies cannot withstand the high operational pressure and can only continue to sell to convert their assets into cash. Another group of mining firms is transitioning to AI data centers, upgrading equipment and selling Bitcoin to pay off debts. Historically, Bitcoin requires a cyclical period of 12-13 months to revert and find a bottom after each peak. Based on this experience, the extreme bottom of the current decline could be reached in the fourth quarter of 2026. From the King’s observation, currently, whether it is from valuation, market sentiment, liquidity, or on-chain profitability, the data shows that the market is still some distance from the extreme bottom. The market will eventually see a wave of conditions where no one dares to go long, which is the real bottom.

Having discussed the larger aspects, let’s look at the short-term market. The Bitcoin daily chart showed an inverted hammer pattern yesterday, and the intra-day market has been fluctuating around the 60-day moving average. The MACD shows a bearish trend, but the volume is incomplete. The KDJ is currently running in a dead cross, but is close to the 0 level, indicating limited space. The trend reflects that whether rising or falling, it is difficult for there to be continuity, which coincides with the recent trend of the market. Do not be greedy; it is necessary to take profits when they are available. I suggest a main short and auxiliary long strategy in operations. As for the entry position, if the price reaches 64400, you can choose to short with a stop loss at 65200, targeting 62700. If the price reaches 62700, you can take a light long position, with a stop loss at 62000 and a target of 63900 to 64400 for partial exits.

Regarding Ethereum, today’s movement is slightly stronger than Bitcoin, but overall it is still relatively weak. On the daily chart, the probability of closing two consecutive bearish candles is high, but there will not be extreme waterfall markets. There is no substantial bearish volume on the MACD and KDJ. The hourly chart shows this more clearly, as the market has been fluctuating within a narrow range. Therefore, we should operate around this range in the short term. If we see about 1910, it’s a good opportunity to short, with a stop loss above 1925 and a target around 1860. Near 1855, you can consider taking a long position, targeting around 1900, with a stop loss of 15 points.


That’s all for today. Remember the hot topics, grasp the trading essentials, and closely watch the key points in the market. Let’s continue making money next time! Our content is exclusively planned by the Coin Victory Team. Search “Coin Victory Team” on official WeChat for the same name across the internet! If you want to know real-time strategies, liquidation techniques, or learn K-line and contract techniques, feel free to chat with the Coin Victory Team. There are currently free experience groups for fans and community live broadcasts, all filled with valuable content, without any fluff! Let’s focus on the meeting early Thursday morning. We can discuss any updates at any time. If you find this useful, please give a thumbs up and follow along, so you don’t get lost! If you find this useful, please give a thumbs up and follow along, so you don’t get lost! Finally, let me say something heartfelt: If you truly want to learn from a blogger, you need to follow for the long term and not just watch a few market trends and make random conclusions! There are far too many “performative players” in this market, who post long positions one day and summarize short positions the next, making it seem like they’re “always catching the top and bottom,” but in reality, it’s just hindsight! What’s truly worth paying attention to is a consistent trading logic that can withstand scrutiny, not those who only "jump in" when the market moves! Don’t be blinded by flashy data and out-of-context screenshots. Long-term observation and deep understanding are what allow you to discern who truly understands the business and who is just selling you dreams!

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink