Good morning, everyone ～
Let’s start by talking about the current market overall. Last weekend, the market had no major news driving it in any clear way. After a rapid rebound, Bitcoin has entered a period of consolidation. Market sentiment remains somewhat positive, but whether this week can extend the upward trend still depends mainly on a few key events:
First, the situation between Iran and the U.S. remains the biggest uncertainty for the market. If conditions in the Middle East escalate further, it could boost risk-averse sentiment, affect crude oil prices, and put pressure on risk assets such as U.S. stocks and BTC. If the situation de-escalates, it would be favorable for a recovery in market risk appetite.
Second, the Jackson Hole Global Central Bank Symposium will become a major focus for the market. The key point is what Fed Chair Powell says about future interest rate policy. If he delivers a relatively hawkish signal, U.S. Treasury yields may rise, which could weigh on technology stocks and the crypto market. If he signals a more dovish stance, it may further strengthen expectations for rate cuts and help risk assets rebound.
Also, the U.S. July core PCE data is very important. As an inflation indicator the Fed closely watches, PCE will directly influence the market’s assessment of the pace of rate cuts. If the data comes in below expectations, rate-cut expectations may increase, supporting BTC and U.S. stocks; otherwise, it may bring short-term pressure.
Meanwhile, Nvidia’s earnings report is also worth watching. Tech stocks and the AI sector have seen some recent adjustments, and the market is looking at Nvidia’s assessment of AI demand and its outlook for future growth. If the earnings report further reinforces the AI growth narrative, it could boost market sentiment.
So my personal view for this week: overall, the bias remains bullish. One thing to note is that after BTC’s sharp rise earlier, long positions have increased. If there are changes in the news backdrop, short-term pullbacks and liquidation spikes are not out of the question. Therefore, for futures trading, continue with the idea of buying on dips, and make sure to set stop-losses.
Key levels to watch today:
BTC: Weekly support around 73,000; weekly resistance around 82,500
BTC: Focus on the 76,000–79,000 range
ETH: Focus on the 2,380–2,520 range
SOL: Focus on the 92.5–96.5 range
Intraday futures trading ideas for today:
BTC: Buy on dips near 76,500, target 78,500
ETH: Buy on dips near 2,400, target 2,480
SOL: Buy on dips near 93, target 96
$BTC $ETH $SOL
#BTC #ETH #solana
Let’s start by talking about the current market overall. Last weekend, the market had no major news driving it in any clear way. After a rapid rebound, Bitcoin has entered a period of consolidation. Market sentiment remains somewhat positive, but whether this week can extend the upward trend still depends mainly on a few key events:
First, the situation between Iran and the U.S. remains the biggest uncertainty for the market. If conditions in the Middle East escalate further, it could boost risk-averse sentiment, affect crude oil prices, and put pressure on risk assets such as U.S. stocks and BTC. If the situation de-escalates, it would be favorable for a recovery in market risk appetite.
Second, the Jackson Hole Global Central Bank Symposium will become a major focus for the market. The key point is what Fed Chair Powell says about future interest rate policy. If he delivers a relatively hawkish signal, U.S. Treasury yields may rise, which could weigh on technology stocks and the crypto market. If he signals a more dovish stance, it may further strengthen expectations for rate cuts and help risk assets rebound.
Also, the U.S. July core PCE data is very important. As an inflation indicator the Fed closely watches, PCE will directly influence the market’s assessment of the pace of rate cuts. If the data comes in below expectations, rate-cut expectations may increase, supporting BTC and U.S. stocks; otherwise, it may bring short-term pressure.
Meanwhile, Nvidia’s earnings report is also worth watching. Tech stocks and the AI sector have seen some recent adjustments, and the market is looking at Nvidia’s assessment of AI demand and its outlook for future growth. If the earnings report further reinforces the AI growth narrative, it could boost market sentiment.
So my personal view for this week: overall, the bias remains bullish. One thing to note is that after BTC’s sharp rise earlier, long positions have increased. If there are changes in the news backdrop, short-term pullbacks and liquidation spikes are not out of the question. Therefore, for futures trading, continue with the idea of buying on dips, and make sure to set stop-losses.
Key levels to watch today:
BTC: Weekly support around 73,000; weekly resistance around 82,500
BTC: Focus on the 76,000–79,000 range
ETH: Focus on the 2,380–2,520 range
SOL: Focus on the 92.5–96.5 range
Intraday futures trading ideas for today:
BTC: Buy on dips near 76,500, target 78,500
ETH: Buy on dips near 2,400, target 2,480
SOL: Buy on dips near 93, target 96
$BTC $ETH $SOL
#BTC #ETH #solana