Encryption | Morning News | August 18
BTC was pushed to 64,500, but today I don’t dare to chase
Just when I opened my eyes, I saw BTC jump from last night’s low of 62,700 straight to 64,500—up 24h+2.6%. ETH also returned to 1,912. One big bullish candle, and market sentiment instantly switched from “fear” to “greed.”
But honestly, as an old leek, I’m even more nervous. Three points:
1. It crashed to 62,700 last night, then V-rebounded this morning. This kind of sharp V rebound is often a fake breakout—manipulators luring longs
2. The SUI ETFs have already launched (Grayscale + Canary Capital), and it still dropped 6%—classic “sell the news”
3. On the biggest decliners list, VELVET and CYS are down directly more than 40%. The garbage-coin bloodbath is still ongoing
My strategy today: don’t chase—wait to see whether it can hold at 64,500 tonight.
- If it holds above 65,000, there’s still room
- If it can’t hold, 62,000 will most likely need to be tested again
In terms of direction: ETH is lagging more than BTC—watch out for a delayed rally; SOL around 76 is just ranging with no real movement.
Do you think this bullish candle today is a real breakout or just a bull trap? Let’s discuss in the comments 👇
BTC was pushed to 64,500, but today I don’t dare to chase
Just when I opened my eyes, I saw BTC jump from last night’s low of 62,700 straight to 64,500—up 24h+2.6%. ETH also returned to 1,912. One big bullish candle, and market sentiment instantly switched from “fear” to “greed.”
But honestly, as an old leek, I’m even more nervous. Three points:
1. It crashed to 62,700 last night, then V-rebounded this morning. This kind of sharp V rebound is often a fake breakout—manipulators luring longs
2. The SUI ETFs have already launched (Grayscale + Canary Capital), and it still dropped 6%—classic “sell the news”
3. On the biggest decliners list, VELVET and CYS are down directly more than 40%. The garbage-coin bloodbath is still ongoing
My strategy today: don’t chase—wait to see whether it can hold at 64,500 tonight.
- If it holds above 65,000, there’s still room
- If it can’t hold, 62,000 will most likely need to be tested again
In terms of direction: ETH is lagging more than BTC—watch out for a delayed rally; SOL around 76 is just ranging with no real movement.
Do you think this bullish candle today is a real breakout or just a bull trap? Let’s discuss in the comments 👇