August 31, $BTC Afternoon Analysis
This early this morning I shared a long-only setup for everyone—how many of you have done your homework? The U.S. and Iran have once again exchanged fire. This marks the first time such military action has occurred between the two countries in more than a month. Bitcoin immediately fell below $77,000. Within one hour, more than $200 million in long leveraged positions were liquidated.
Geopolitical conflict hits the crypto market through two paths: first, a sudden spike in oil prices intensifies inflation concerns and further strengthens expectations of additional Fed rate hikes; second, it directly triggers a global risk-off sentiment, pulling capital out of high-beta assets such as cryptocurrencies. Bitcoin and gold have shown a temporary decoupling, indicating that capital is not treating Bitcoin as a safe-haven asset. Instead, in the face of systemic risk, it is being sold off first—this isn’t a typical pullback. Renewed expectations for Fed tightening, escalation of the U.S.-Iran military conflict, and a regulatory vacuum layered on top have created threefold selling pressure. Four major bearish factors are ripening at the same time. August’s BTC rise of nearly 24% was mainly built on expectations of abundant liquidity, and this expectation is being systematically dismantled by the hawkish remarks from the Fed chair. One-personal suggestion: 78800-79500, near support/zone; target 77800-77000. If it breaks down further, keep watching for downside. Two-bing: the same approach remains unchanged—#BTC #ETH #BTC走势分析
This early this morning I shared a long-only setup for everyone—how many of you have done your homework? The U.S. and Iran have once again exchanged fire. This marks the first time such military action has occurred between the two countries in more than a month. Bitcoin immediately fell below $77,000. Within one hour, more than $200 million in long leveraged positions were liquidated.
Geopolitical conflict hits the crypto market through two paths: first, a sudden spike in oil prices intensifies inflation concerns and further strengthens expectations of additional Fed rate hikes; second, it directly triggers a global risk-off sentiment, pulling capital out of high-beta assets such as cryptocurrencies. Bitcoin and gold have shown a temporary decoupling, indicating that capital is not treating Bitcoin as a safe-haven asset. Instead, in the face of systemic risk, it is being sold off first—this isn’t a typical pullback. Renewed expectations for Fed tightening, escalation of the U.S.-Iran military conflict, and a regulatory vacuum layered on top have created threefold selling pressure. Four major bearish factors are ripening at the same time. August’s BTC rise of nearly 24% was mainly built on expectations of abundant liquidity, and this expectation is being systematically dismantled by the hawkish remarks from the Fed chair. One-personal suggestion: 78800-79500, near support/zone; target 77800-77000. If it breaks down further, keep watching for downside. Two-bing: the same approach remains unchanged—#BTC #ETH #BTC走势分析
