This week $BTC , $ETH saw an all-out surge. Next week, should we sell at the top while it’s still hot?
Next week is a super high-impact news week. The PCE inflation data plus the Jackson Hole central bank symposium will land with major force. A speech by Powell will directly stir the US dollar and Treasury yields, while also affecting both the crypto and precious metals markets!
Bitcoin’s explosive rally this round was driven by liquidity loosened by Treasury buybacks, pushing prices higher violently. The index surged by 15,000 points in a single week. There’s a large pile of leveraged long positions stacked overhead. Yesterday’s profit-taking concentrates led to a wick-piercing intraday move, but it’s not a trend reversal.
The key level to watch next is 73200. As long as it holds and doesn’t break down, it should stay in a one-way upward rhythm. Consider scaling into longs on pullbacks in the 7500–73200 area. Targets are in the 77500–78800 range.
Ethereum has shown noticeably stronger upside momentum than Bitcoin in this move—its percentage gains are larger, and funding plus market sentiment have been even more obvious. Therefore, short-term fluctuations are more intense than Bitcoin’s. That’s also why we saw the downward wick yesterday.
However, based on the current picture, the pullback looks more like a normal correction during an ongoing uptrend, rather than a trend reversal. On the downside, focus on short-term support at 2350. Once it stabilizes, keep going long with targets at 2400–2450!
#美加贸易谈判破裂加拿大誓言反制 #英伟达AI服务器涨价超15%
Next week is a super high-impact news week. The PCE inflation data plus the Jackson Hole central bank symposium will land with major force. A speech by Powell will directly stir the US dollar and Treasury yields, while also affecting both the crypto and precious metals markets!
Bitcoin’s explosive rally this round was driven by liquidity loosened by Treasury buybacks, pushing prices higher violently. The index surged by 15,000 points in a single week. There’s a large pile of leveraged long positions stacked overhead. Yesterday’s profit-taking concentrates led to a wick-piercing intraday move, but it’s not a trend reversal.
The key level to watch next is 73200. As long as it holds and doesn’t break down, it should stay in a one-way upward rhythm. Consider scaling into longs on pullbacks in the 7500–73200 area. Targets are in the 77500–78800 range.
Ethereum has shown noticeably stronger upside momentum than Bitcoin in this move—its percentage gains are larger, and funding plus market sentiment have been even more obvious. Therefore, short-term fluctuations are more intense than Bitcoin’s. That’s also why we saw the downward wick yesterday.
However, based on the current picture, the pullback looks more like a normal correction during an ongoing uptrend, rather than a trend reversal. On the downside, focus on short-term support at 2350. Once it stabilizes, keep going long with targets at 2400–2450!
#美加贸易谈判破裂加拿大誓言反制 #英伟达AI服务器涨价超15%