1. Federal Reserve officials spoke, and expectations for interest rate hikes in September decreased. Risk assets experienced a rebound, with the market surging significantly in 24 hours, causing massive liquidations of short positions, with approximately 1.83 billion USD liquidated across the network.
2. The US Bitcoin spot ETF returned to net inflows, with institutional buying returning; there were large outflows in the ETH spot ETF, with stronger preference for Bitcoin.
3. The US Treasury expanded the scale of long-term bond repurchases, and the market interpreted this as a marginal easing of liquidity, which is favorable for cryptocurrency assets.
4. The market fear and greed index is in the greedy range, and the short-term RSI has generally entered the overbought zone. After a surge, there is a risk of pullback and profit-taking, so do not blindly chase prices higher.
📈 Market Overview
BTC's current price is about 81,100, with a 24h increase of 4.5%; ETH's current price is about 2,500, with a 24h increase of 4.8%; SOL's current price is about 104, with a 24h increase of 3.6%.
The market is strongly rebounding due to macro positive factors, major cryptocurrencies are surging, short-term indicators are overbought, and caution is advised for potential pullbacks. Prioritize buying on dips rather than chasing prices up.
📊 Intraday Technical Observation (This is a market review only and is not investment advice; cryptocurrency trading speculation is prohibited in China)
BTC
Resistance: 82,800-83,500 | Strong Resistance 85,500
Support: 79,200-79,800 | Strong Support 77,800
👉 Strategy: The bullish trend is dominant, but short-term is overbought. Watch for bullish opportunities if it stabilizes around 79,500; resistance above during the rebound may lead to a short-term pullback, strictly set stop-loss orders, and avoid heavy positions.
ETH
Resistance: 2,560-2,610 | Strong Resistance 2,700
Support: 2,420-2,450 | Strong Support 2,340
👉 Strategy: Linked with BTC, RSI has entered the overbought area. Look for a rebound if it stabilizes at support; if it breaks below 2,420, then it weakens short-term and reduce positions to respond to volatility.
SOL
Resistance: 108-112 | Strong Resistance 116
Support: 100-101 | Strong Support 96
👉 Strategy: Altcoin fluctuations are far greater than Bitcoin's, with high risk and large market elasticity. Wait for a pullback to support levels and do not chase high prices; abandon bullish thoughts if it breaks below 96.
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