$ETH ETH is about to turn point—risk or opportunity?❓️
From July 15 until now, it has been trading in a range around 1840–1950. However, the daily chart has now issued a signal for a short from the high level. Going forward, as long as it doesn’t break through and hold above 1952, you should watch for the risk of a daily-chart pullback⚠️
Regulatory updates: Due to the August recess, the U.S. Senate was unable to pass the “CLARITY Act” before the break; the vote has been postponed to mid-September. In the short term, there is no clear regulatory positive, but also no new major negative.
Other events: The aftermath of the Coldcard cold-wallet vulnerability incident is still being digested, but its impact on the overall market is limited. Strategy-related developments (did not trigger any obvious sell-off).
Overall, weekend news was fairly calm. Market sentiment remained stable, with no panic-driven selling.
😇 Capital flows:
Ongoing ETF inflows: In the previous week, U.S. spot Bitcoin ETFs recorded net inflows of about $850 million—its best single-week performance since April—and net inflows continued for multiple days. Institutional buying remains the main support.
Trading volumes contracted noticeably over the weekend. Derivatives open interest is relatively low, leverage has been largely unwound, and the market is “lighter.”
On-chain data shows some large whales continue accumulating around the 64k area, while the spot market remains relatively steady.
😇 Technical analysis:
Price action remains mainly range-bound, and this is another “boring market” phase. The trading range is 62,300–66,500. For the bulls to extend further, they need to break above 66,500 to open up upside space. The key point now is that upward momentum is not strong. Although the larger direction seems to have room, smaller time frames keep getting blocked, so the strategy is to watch more and act less.
Short-term opportunities are coming😇 The market is about to turn
$BTC All weekend, it has been churning on the grindstone, and the turning point is coming soon
At the moment, BTC’s chart is stronger than ETH. On the daily timeframe, there still seems to be room for a rebound. In the short term, watch whether 66,500 can hold. If it holds, the uptrend can continue
In summary: as long as it doesn’t break below 64,700, rebounds are greater than pullbacks. Pay special attention to the market volatility tomorrow, Monday
🚨 New Trends in Tax Regulation for Encrypted Assets: New Asset Allocation Ideas Under Tightening Compliance
There is a clear trend in the industry: starting next year, major centralized crypto trading platforms—including Binance—are expected to continue cooperating with China’s domestic regulatory framework and gradually submit user trading and asset-related data. Combined with the gradual rollout of the CRS 2.0 and CARF crypto asset reporting frameworks, crypto assets have officially been incorporated into the global tax regulatory system. Domestic tax controls on crypto assets will inevitably be tightened across the board.
In fact, for ordinary traders, paying taxes itself isn’t the biggest challenge. The real trap—leading to actual losses—is the one-sided taxation rules that are highly likely to be implemented.
Taking the tax logic of A-share stocks as a reference, future taxation of crypto assets will most likely follow a pattern of “tax only profits, and losses cannot be used to offset.” This creates a very absurd yet real situation: even if your overall account has almost no gains for the year—your principal basically breaks even, or you even have a small loss—if you have multiple short-term trades during the year and recorded at least one instance of profit, it will be used to calculate the taxable amount and result in real, tangible tax burden. The final outcome is that you don’t make money on your account (and may even have a small loss), yet you still have to pay an additional sum in taxes, significantly compressing your actual returns.
Under this major regulatory trend, the inherent weaknesses of centralized exchanges are being magnified, while the core value of the decentralized track is becoming increasingly apparent.
There is no denying the advantages of centralized platforms: abundant liquidity, convenient operations, and smooth trading experience—making them the preferred choice for most people. But their fatal pain point is also obvious: all trading data, asset details, and user information are permanently recorded. This is the core entry point for regulatory verification and tax traceability, leaving no room for privacy or user autonomy.
By contrast, chain-based DEXs without KYC review and non-custodial decentralized wallets focus their advantages on asset safety and privacy. In this decentralized trading model, users control everything on-chain end to end. There is no need for the platform to register personal identity information. It also moves away from data control by centralized institutions. In an environment of stricter regulation and greater data transparency, it can preserve asset autonomy and trading privacy to the greatest extent, while mitigating tax traceability risks caused by data reporting.
Tonight at 20:30, the U.S. will release the July Non-Farm Payrolls (NFP) and unemployment rate
Market expectations: - NFP (Non-Farm Payrolls): expected to increase by about 80k–100k Previous value (June): +57k (significantly weaker than expected, with a downgrade)
- Unemployment rate: expected to hold at 4.2% (flat vs. the previous value)
- Average hourly earnings: forecast around +0.3% month-over-month, and about +3.5% year-over-year.
The labor market is currently in a “slow hiring, slow layoffs” phase—overall still resilient, but growth has clearly cooled. The Fed is more concerned with sticky inflation rather than employment strength alone.
Three possible scenarios: ✅ In line with expectations → choppy digestion 🚀 Significantly above expectations (>130k) → stronger USD, yields rise, BTC faces short-term pressure 📉 Clearly below expectations (<60k) → rate-cut expectations heat up, risk appetite improves, BTC has room to rebound
Volatility is inevitable. It’s recommended to stay sidelined with a light position—focus on the actual figures plus the unemployment rate, wages, and revisions.
Once the data is out, the market prices it immediately—hold steady, don’t chase! $BTC
Positive macro signals: Ongoing negotiations related to the Strait of Hormuz, easing geopolitical risk; the ADP employment report came in weaker than expected, reducing expectations for the Federal Reserve to raise rates soon, improving sentiment toward risk assets. The stock market (Dow Jones, S&P) hit record highs, but the crypto market has lagged.
Negative/neutral events: A firmware vulnerability in the Coldcard hardware wallet was exploited; about 1,816 BTC was stolen from more than 5,200 addresses. This has prompted some funds from cold wallets to move to exchanges, raising short-term concerns about increased selling pressure. Circle’s earnings missed expectations, and the stock price fell.
Market waiting for catalysts: Investors are watching the U.S. Nonfarm Payrolls data on August 7, expected to be around 80,000. If it comes in weaker than expected, it may reinforce expectations of rate cuts or a pause in rate hikes—bullish for BTC. If it beats expectations, it could weigh on risk assets.
🤯 Flows:
U.S. spot Bitcoin ETFs saw net inflows for three consecutive trading days from August 3–5, totaling about $626 million. Of that, the net inflow on August 5 was $244.4 million, with BlackRock IBIT contributing about $196.8 million.
Total cumulative net inflows are about $51.5–$52.0 billion, with total assets under management around $78.0–$79.2 billion. This is a clear reversal after summer outflows, showing that institutions are still buying on dips.
Ethereum ETFs also recorded about $60.8 million in net inflows.
🤯 Technical analysis:
The idea I shared with everyone yesterday was that price would move upward with consolidation. It did move up a bit, but then became weak—without breaking through the key upward level. Now the consolidation range is getting smaller and smaller, and we’re approaching a potential breakout/reversal point. At this moment, be careful not to hold above 65,000; if it can’t stay above that level, watch for short-term risk. For now, prioritize consolidation/uptrend-following, and take some rest.
August 6, 8🈷️6th $BTC Comprehensive Market Analysis
🤯 News:
ETF inflows are clearly returning: On August 4, the U.S. spot Bitcoin ETF saw net inflows of about $211.5 million, led by BlackRock’s IBIT, with Fidelity and others following. These have been consecutive inflow days recently, partly offsetting prior weekly net outflows. However, Hashdex announced the closure of its smaller-scale Bitcoin ETF, showing pressure on smaller funds.
Security incident weighs on sentiment: A vulnerability in the Coldcard hardware wallet reportedly led to confirmed losses of about 1,596 BTC. Roughly 32,000 BTC reportedly flowed into exchanges, which some have interpreted as a potential sell-pressure signal. The Fear & Greed Index is at 25–27 (extreme fear zone).
Geopolitics and macro: Progress continues on efforts by the U.S. and Qatar to help restore the Iran ceasefire and reopen the Strait of Hormuz. Brent crude is down, U.S. stocks hit historic highs, risk appetite has rebounded, and rate expectations have eased somewhat. But Bitcoin has barely followed the upward move for multiple days, suggesting that more of the drag is coming from within the crypto market itself.
🤯 Flows & Positioning:
Institutional side: Recent spot ETF inflows provide buy-side support, with total AUM around the $78 billion range. On-chain data shows about 155,000 BTC entered the $62,000–$65,000 cost-basis range (about 0.7% of circulating supply). Long-term holders continue to accumulate, while short-term holders have trimmed.
Derivatives: Open interest (OI) remains elevated (some reports put it around 277,000 BTC or roughly $48 billion). Funding rates are broadly neutral to slightly positive overall, with no clear signs of overheating. Liquidation heatmaps show leverage is concentrated more below (around $62,000); a downside move could trigger larger liquidations.
Spot & sentiment: Trading volume is relatively steady, with limited retail participation. Institutional buying provides a floor, but it’s not enough to drive a breakout. Indicators such as Coinbase premium still need to be watched for a return to positive.
🤯 Technicals:
Bitcoin is in an awkward spot right now. This level is holding and cannot easily fall further, helped by an ongoing weekly-level rebound. It hasn’t yet broken out of the range; for intraday focus, as long as 64,000 is not broken and remains above, the bulls can stay in play. At the same time, it needs to stand effectively above 65,500. In summary, intraday price action is likely to remain dominated by range-bound movement. $BTC
Ongoing security incidents: Attacks related to a vulnerability in the Coldcard hardware wallet continue to unfold. They have already caused multiple rounds of BTC losses (with a relatively large cumulative scale), undermining some confidence in self-custody.
Institutional updates: Strategy (formerly MicroStrategy) disclosed in its recent filings that it sold approximately 1,637 BTC. Combined with signs of distribution by some large holders, this creates short-term downward pressure.
Macro and sentiment: U.S. stocks started August with a strong rally (notably pushing up the Nasdaq), which provides some support to risk assets. However, geopolitical tensions (related to the U.S.–Iran situation) and August’s historically weak seasonal pattern (especially bearish in election years in the mid-term cycle) keep the market cautious.
The Fear & Greed Index stays around 28 (Fear). Sentiment is pessimistic, but not at extreme panic.
Capital flows:
Spot Bitcoin ETFs: On August 3, they recorded net inflows (different sources show roughly +$18.6M to +$170M), turning overall into positive inflows and reversing some of the earlier outflow pressure. Cumulative net inflows are still around the $5.1B level.
Derivatives: Funding rates are overall neutral to slightly positive (most in the 0.00x%–0.01% range). There are no signals of extreme long overcrowding or short liquidations, and leverage sentiment remains relatively restrained.
On-chain: Whale wallets still show signs of continued accumulation, which is partially offset by ETF inflows.
Technical outlook:
The market is currently just moving in a narrow range. All I can say is: take a break—there isn’t much to analyze.
Key resistance: The $64,000–$65,000 area (repeatedly resisted); $65,500 is a stronger pressure point.
Key support: $62,200–$62,700 (near the day’s low). Below that, the more important support is around $60,000 and the 200-week moving average zone (roughly tested repeatedly around $62,700–$63,000).
Price remains trapped in a broad trading range box of $60,000–$66,000. After the rebound in July, momentum weakened, and the direction has not been decided yet. $BTC
Federal Reserve policy: In late July, the Federal Reserve kept the target interest rate unchanged at 3.50%–3.75%. Some officials lean toward further rate hikes, and the September rate-hike expectation has risen to 82%. Hawkish signals suppress risk assets and push back liquidity expectations.
Regulatory window: The U.S. “CLARITY Crypto Regulatory Bill” enters the final voting stage before the August Senate recess. If passed (clearly defining BTC as a commodity), it would be bullish for institutions and retirement funds to enter at scale; if delayed, regulatory uncertainty would persist, weighing on sentiment.
Other events: A vulnerability in the Coldcard hardware wallet led to the theft of roughly 1,000+ BTC (about $70 million). This increases short-term security concerns, but the overall impact on the broader market is limited. In July, BTC still recorded about a 7.5% gain.
🤯 Flows:
ETF flows: In July there was overall net inflow (some data around $130–200 million). However, on July 31 alone, net outflows were about $265 million, indicating volatility in institutional demand. The cumulative inflow supports prices, but has not turned into persistent, strong buying pressure.
Derivatives and leverage: Futures open interest is about $47.6 billion. The funding rate is close to neutral, and leverage has been coming down, reducing the risk of liquidations. On-chain data shows long-term holders accumulating, while exchange net outflows are mild; there are signs that “whales” are accumulating at lower levels.
Overall: Forced selling pressure (e.g., bankruptcies, Mt. Gox, etc.) has largely been digested. Institutions are rotating rather than exiting unilaterally. But new capital is not strongly inclined to enter, leaving the market in a “marginal improvement but not a turn to strength” state.
🤯 Technicals:
August has historically been weak. Right now there isn’t much to look at—nothing very actionable. At this level, longs are being suppressed by shorts. On the daily chart, this area is about to break down below the zero line, which would mean another big move lower. Like I mentioned to everyone earlier about Bitcoin: as long as it doesn’t hold above 64,800, it still needs to move downward. So will we finally see a big bearish candle dump? At this level, as long as Bitcoin can’t hold above 64,000, you should still pay attention to the risks. Near-term support is around 62,300; once that breaks, price could trade toward the 60,000 area.
In summary: the big direction hasn’t fully finished dropping. But smaller timeframes may keep churning back and forth. Personally, at this point I believe the risk is greater than the opportunity: $BTC
Over the past couple of days, I’ve been chatting with the circle of friends I know: Has crypto already died? Let me analyze it from several angles:
First, the conclusion: Bitcoin won’t die because the global consensus among countries around it can’t. But most altcoins are basically dead. They’ve fallen from the days of wild celebration into a deep correction.
In October 2025, total market cap surged to around $4.27 trillion, and now it has fallen back to around $2.2 trillion—cut in half. BTC dropped from 126,000 to about 63,000, while its dominance rate spiked to 58.5%, clearly indicating funds are seeking safety. ETH has been fluctuating between $1,850 and $1,880, and is performing even weaker. Altcoins are in an even worse situation: the Altcoin Season Index is stuck in the 55–69 range, nowhere near 75. The liquidity of most small and mid-size coins has dried up, and the narrative is fading.
The macro environment isn’t helping either. The Fed kept the policy rate at 3.50%–3.75% in July, and there were also three votes against calls to raise rates—expectations of “higher for longer” continue to suppress risk assets. Although ETFs have seen cumulative inflows, recent flows have been volatile, and institutions remain cautious.
This isn’t death—it’s a typical cycle cooling down: speculative enthusiasm has ebbed, capital has concentrated into Bitcoin, and altcoins have been largely cleared out. The infrastructure is still there, the trillion-level market size is still there, and institutional channels are still there. What truly “died” was the kind of全民FOMO (everyone-at-once FOMO) that happened in 2025.
In the short term, especially in August, there may still be volatility and even a further dip—don’t rush to bottom-fish. Whether it can restart in the long run depends on interest-rate turning points, new catalysts, and whether there is new narrative room. You can be pessimistic about sentiment; the data will speak— the market hasn’t died, it’s just hibernating. Patience matters more than blindly catching falling knives.
Personally, I believe crypto hasn’t died. After this round of reshuffling, there will definitely be bigger narratives waiting for us—just that they will be led more by compliant institutions. The logic of picking tokens before will all be broken, so I still remain optimistic. $BTC
At the time of the SpaceX IPO, the float is only about 4–5%, with the vast majority locked.
Key milestones:
After market close on August 4: Release the Q2 earnings report
August 6: The first wave of large-scale unlocks (about 20%, nearly 1 billion shares)
After that, unlock another 7% every 2–4 weeks (e.g., August 20, September 9, etc.)
After the Q3 earnings report: Unlock an additional 28%
December 8: The 180-day lock-up period ends
June 2027: Only then will Musk’s shares be unlocked
Impact: The current float is extremely small. The wave around August 6 could cause tradable shares to jump several times over, leading to a clear increase in near-term selling pressure and volatility. The stock price has already fallen sharply from its peak; with unlocks overlapping earnings, further pullbacks are likely. Long term, fundamentals still look important, but supply pressure over the next few months is a risk that can’t be avoided.
ETH This week is also undergoing an unbeatable range-bound fluctuation. For short-term trading, pay attention to the rebound strength at this level. The resistance above is 1952. If it still hasn’t broken through, be mindful of the risk of a top formation. You can refer to the price action from May 6.
The Federal Reserve FOMC decision is the biggest variable of the day:
Decision to keep interest rates unchanged: the federal funds target range remains at 3.50%–3.75%.
Voting result: 9–3. Three commissioners explicitly opposed, calling for a rate hike. This is one of the more evident “hawkish hold steady” stances in recent years.
After the meeting, Chairman Kevin Warsh emphasized economic resilience and solid employment, but noted that inflation is still above the 2% target, without providing clear signals of easing.
😇 Liquidity:
Spot Bitcoin ETFs: on July 29, net outflows totaled about $57.7 million, mainly from products such as IBIT, continuing the recent cautious positioning.
Derivatives funding rates: overall remain neutral to slightly low (most exchanges in the 0.00x%–0.01% range). Neither long nor short leverage has shown extreme crowding, indicating that market sentiment is still relatively restrained.
Overall liquidity has not seen large-scale inflows back, and institutional investors remain in a wait-and-see posture.
😇 Technicals:
Since the start of this week, I’ve been reminding everyone that this week is a super volatile one. After Bitcoin broke below the rising trendline, it has been going through repeated rebound-and-fail cycles. If it still can’t hold above 64,600 today, be careful about another move downward.
In my view, at this level, it’s still not clear that we’ll see a sharp drop or a sharp surge for now. The market is likely to remain range-bound, with 62,400 still acting as the key defensive level.
To sum up: in the short term, it’s still mainly consolidation. As long as 62,400 is not broken, the bulls still have a chance.
[Federal Reserve July Rate Decision to Be Released at 2:00 Tonight]
At 2:00 a.m. Beijing time on July 30, the FOMC will announce its interest rate decision + a press conference with reporter Warsh.
Market expectations: ✅ Hold the 3.50–3.75% range with a probability of about 65–70% (most mainstream economists agree to hold) 🔥 A 25 bp hike probability of about 30–38% (up sharply from around 10% recently; the biggest disagreement in the past two years)
Key points: - June CPI cooled, but oil prices + geopolitical risks remain - Warsh may express no forward guidance + possible hawkish dissenting votes - A September hike has already been largely priced in by the market (probability 70–95%)
Most likely outcome: a hawkish pause (hold, but leaving the door open for September) → big fluctuations for the dollar and bond markets!
$HYPE arrived perfectly at the $54 we reminded everyone about at the beginning of the month.
Back at the beginning of the month, I told everyone that we had reached a temporary peak. In the comments, some people argued with me, saying it would rise to $200 🤔
At $70, I told everyone to short it. It’s following my expectations perfectly, and the thinking remains the same. Follow my viewpoints at the beginning of July 💰💰 $HYPE
Crypto_心诚
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HYPE I still maintain my viewpoint and I still think the near-term peak will be in sight
The current market is moving in a high-level triangle pattern. It has already reached the end of the triangle, which means a breakout/turn is about to happen.
On the daily chart, the upward momentum is continuously weakening, with divergence between price and volume.
The planned layout/accumulation range for spot is 38-54.
Bitcoin market action over this period is pretty typical—whipsawing back and forth from just above 60,000 to around 65,000. There are continuous outflows from the ETF, liquidity is not supportive, and the technical picture also doesn’t offer a clear direction. And then the Federal Reserve meeting is right ahead.
A lot of people watch the chart every day and want to act every day. The result is either getting slapped back and forth, or making a little money and then giving it all back.
So during this time, most of what I’m doing is one thing: waiting.
1. If there’s no setup, absolutely don’t trade
Most of the time, the market is ineffective. Ranging action, fake breakouts, emotional swings—none of that is an opportunity. It’s just noise.
Bitcoin in this period is a textbook example: the day-to-day moves of several hundred to over a thousand points look exciting, but if you zoom out to a higher time frame, it’s just consolidation. Without a clear trend-start signal, without volume confirmation, and without sustained inflows, don’t force trades.
Remember:
When there’s no setup and you trade anyway, you’re basically paying tuition to the market.
Being in cash is also a position. Waiting in cash for the opportunity is always more proactive than holding a position waiting for direction.
2. If you don’t understand it, absolutely don’t trade
If you can’t read the candlestick structure, can’t interpret fund flows, and can’t understand how news is affecting the market, then don’t enter.
Recently, a lot of people say things like “The Fed is going to meet soon, but we don’t know what will happen,” and yet they can’t help guessing the direction to scalp. That’s the classic case of not understanding and still trading anyway.
My rule is:
- Don’t trade if you can’t understand the current structure
- Don’t trade if you don’t know why it’s going up/down
- Don’t trade if you don’t know where your stop-loss level is
The market is never short of opportunities; what it lacks is opportunities you can actually see clearly. When you don’t understand, the best move is to power down, take a walk, and review.
3. Spend more time waiting instead of doing
The essence of trading isn’t that you need to have an action every day—it’s that you should strike when the odds are high.
My trading frequency during this period is about once a week. The rest of the time is observation, waiting, and preparation.
This period’s market action is, in fact, teaching every trader a lesson:
The market won’t give you opportunities just because you’re anxious, and it won’t make you money just because you stare at it every day.
😇Lastly, here’s a saying for everyone:
Do less, live longer; when the wind comes, then set sail. $BTC
On the 23rd, let everyone get on board at 0.66. Binance life. The current price is 0.62
For this current market situation, we can refer to the行情 on January 31; the price movement is basically the same. ① The candlestick breaks below the EMA30 line and is held down by it. ② The MACD fast and slow lines both break below the 0 axis.
So, next, if the candlestick price cannot manage to hold above 0.68, then you should pay attention to the historical market trend.
BTC Next, it will enter a grinding-range consolidation period
On the weekly timeframe, it does have entered a bearish divergence state, but at the moment, the macro conditions and momentum are not sufficient to support the start of a bull market. Right now, the market is boldly predicting that rate hikes will happen this year. If there is a rate hike, it is most likely to be at the September or December meetings, depending on the subsequent inflation data. In fact, a rate hike this year isn’t necessarily a bad thing for the market—it can help bring down the average price of positions in order to prepare for 2027.
This rebound is not over yet. I’ll take a bold guess that the extreme range will hover around 70,500. You can refer to this year’s April–May price action. In the short term, it’s definitely still an upward consolidation. For short-term traders, you can go with the trend. But for frequent traders, you’ll face a situation with frequent stop-outs—you need to learn how to choose.