During the weekend, the movements of Bitcoin (BTC) and Ethereum (ETH) met expectations, oscillating around the MA5 on the daily chart level. This "rise up, fall back, fall down, rise back" pattern indicates that the market is in a relatively balanced state.



However, it is worth noting that the market currently seems to be brewing a short-term rebound. This may be because some major holders of coins are trying to create a small bull market before the potential downtrend that may occur in early September, in order to realize their own interests.

Given this situation, we can expect that BTC is unlikely to easily fall below important support levels. The logic behind this is simple: without enough buy orders to support it, large players find it difficult to smoothly complete currency exchanges.

For some large-cap alternative coins, such as WIF, UNI, ENA, and DOGE, investors may consider continuing to hold and wait for a potential rise. Even if the market experiences a correction, it is likely to be postponed until September, rather than occurring in the current timeframe.

Overall, the current market shows a cautiously optimistic trend. Investors should closely monitor market movements, manage risks effectively, and remain vigilant for potential opportunities. In this uncertain market, it is especially important to stay calm and rational.
BTC0.61%
ETH1.26%
WIF1.59%
UNI1.92%
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rekt_but_resilientvip
· 21h ago
Stop messing around, it's just Be Played for Suckers.
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CommunityWorkervip
· 21h ago
Let's open it next year.
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LostBetweenChainsvip
· 21h ago
Working to make money while being Played for Suckers
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