Is next week really when the $BTC and $ETH outcomes will be decided? The more sharply it has risen in these past few days, the less you should get carried away and frequently trade with heavy positions.
The Ministry of Finance expanding long-term bond repo operations can only be seen as giving the U.S. Treasury market a brief breather; the real variable is still Powell. Next week, the first public appearance of Jackson Hole comes up, and when it coincides with core PCE, GDP, unemployment claims, and Nvidia’s earnings, the market definitely won’t be calm.
BTC’s current daily structure is still relatively strong; the key is whether 83,000 can truly break through. If PCE cools and Powell turns more dovish, risk assets may continue to surge. Conversely, if the data runs hot or Powell remains unclear, BTC is likely to rally first and then pull back.
I’m actually more inclined to keep watching ETH. Recently, ETH’s trend has been noticeably stronger than before, and capital follow-through has been more proactive. As long as BTC doesn’t suddenly plunge, once ETH breaks through the resistance ahead, it’s likely to enter a phase of catch-up gains. But the issue is also here— the faster it rises, the thicker the short-term profit-taking pile will be. Once the broader market turns weak, ETH’s pullback could be even harsher than BTC’s.
So the thinking is clear now: don’t chase the first wave; wait for next week’s push higher, then see how strong the pullback is. If BTC holds steady, ETH may still have opportunities; if BTC weakens, pull out from ETH immediately.
$BNB Since the current rise is lagging, you can watch for its catch-up move.
