How will the overall market move over the next few days?
$BTC
$ETH
Based on the overall performance of the past few days, the crypto market is currently in a weak-market range-bound phase, trying to form a bottom. Bulls and bears are fighting fiercely for key price levels. Although the market rebounded somewhat today (August 4), sentiment in the preceding days was much more bearish.
Details are as follows:
· Range-bound bottoming (the first three days of August): Over the past few days, the overall market saw a clear pullback. Bitcoin briefly fell to around $62,000. Ethereum was also under pressure, once nearing the $1,800 level. The core reasons were expectations of tighter macro liquidity (disagreements within the Fed) and capital fragmentation (outflows from Bitcoin ETF funds).
· Attempted rebound today (August 4): As of today, BTC is back above $63,000, and ETH is also seeking support around $1,850. This was mainly driven by easing geopolitical tensions (oil prices falling helps alleviate inflation concerns) and some ETF capital flowing back.
· Key level: $63,000 is the most important “watershed” level right now. If it can hold, market confidence may gradually recover. If it fails again, it may dip back toward $62,000 and possibly even lower ranges to seek support.
Overall, the price action over these few days reflects the game between macro uncertainty and institutional capital. Market confidence is still fragile and an clear trend has not yet formed. The above does not constitute any investment advice. Given the high volatility, please be sure to watch your risk.
#SpaceX将公布Q2财报
$BTC
$ETH
Based on the overall performance of the past few days, the crypto market is currently in a weak-market range-bound phase, trying to form a bottom. Bulls and bears are fighting fiercely for key price levels. Although the market rebounded somewhat today (August 4), sentiment in the preceding days was much more bearish.
Details are as follows:
· Range-bound bottoming (the first three days of August): Over the past few days, the overall market saw a clear pullback. Bitcoin briefly fell to around $62,000. Ethereum was also under pressure, once nearing the $1,800 level. The core reasons were expectations of tighter macro liquidity (disagreements within the Fed) and capital fragmentation (outflows from Bitcoin ETF funds).
· Attempted rebound today (August 4): As of today, BTC is back above $63,000, and ETH is also seeking support around $1,850. This was mainly driven by easing geopolitical tensions (oil prices falling helps alleviate inflation concerns) and some ETF capital flowing back.
· Key level: $63,000 is the most important “watershed” level right now. If it can hold, market confidence may gradually recover. If it fails again, it may dip back toward $62,000 and possibly even lower ranges to seek support.
Overall, the price action over these few days reflects the game between macro uncertainty and institutional capital. Market confidence is still fragile and an clear trend has not yet formed. The above does not constitute any investment advice. Given the high volatility, please be sure to watch your risk.
#SpaceX将公布Q2财报