All day long she’s busy tracking live trades, but it leaves little chance to sit down and calmly break down the overall market structure. This morning, we’re going to conduct an in-depth review and map out the complete logic behind the recent market moves. August served as a crucial stepping stone: the months-long pattern of market dullness was completely broken. A surge pushed prices all the way up to 81,500, triggering a large-scale rebound of nearly 20,000 points—fully putting market sentiment under the control of the bulls. And the core task on the current board is to find the timing for an upside breakout. The downside pressure level formed in June at 83,000 will directly determine whether this rebound can continue. As you can see from the recent price action, the repeated choppy trading at high levels is essentially building up strength to breach this key threshold. There’s also another core logic: after this rapid rally, the quick rebound from the bottom lacks sufficient order/position accumulation at the base. Volume has not yet completed an effective buildup, meaning the foundation of the move is still not solid. Therefore, the current high-range consolidation is essentially using time to create space—steadily strengthening the base on the chart and completing the accumulation and refinement of volume.
A bite can’t make you fat. Faced with the current market’s repeated choppy fluctuations, there’s no need to rush for quick success. We’ll follow the market’s rhythm, grind steadily, and gradually lay out positions and accumulate exposure using the volatility to our advantage. The signals on the chart are very clear: the “base” support is being lifted continuously—from 76,000 to 77,000, and now around 78,000 where price repeatedly tests and stabilizes. The weight of the bottom keeps moving higher, which also suggests that the upside imagination/room above is expanding at the same time. Technically, the rhythm is the main theme of the bulls. After the market pulls back to probe the lows, strong consecutive green candles drive the rally higher. Bullish candlesticks keep pressuring and challenging the mid-band resistance effect. The MACD’s two lines are gradually turning positive and expanding with volume. The KDJ has even formed a golden cross in the oversold zone near the bottom. The bulls’ continuation is extremely strong. On the weekly timeframe, after last week formed a high-level “dead pin,” there was no follow-through for a pullback; instead, the uptrend continued with bullish momentum. Under this kind of rhythm, the upside potential will only grow larger. The market is gradually turning into a bull market.
$BTC Looking at BTC: 83,000 to watch; if it breaks out, look above 87,000.
$ETH Looking at ETH: 2,600 to watch; if it breaks out, look above 2,800.