Key news inside and outside the venue this week


Mainstream:
Weekly Market Analysis
Bitcoin has currently broken the upward trend line of 74000 since 116100, and it is highly likely to pull back to around 110000. Last week, I also mentioned that if Ethereum (the second coin) does not make a strong new high before the weekend ends, a "double top" chart pattern will appear, leading to a significant pullback. Currently, support is at 4080, and in an extreme case, it might dip to 3919. I estimate it will oscillate downwards until the end of the month, and after a recovery at the beginning of September, it will continue to rise. I am still optimistic about the subsequent upward momentum of Ethereum. The reasoning is quite simple: Eric Trump and a bunch of Wall Street capital moguls are not fools. Keep an eye on LTC and SOL, and plan to buy on dips based on the support levels of Bitcoin and Ethereum.
Shanzhai:
Continue to participate with a light position in PUMP, waiting for the Binance announcement.
Ethereum related: SUSHI, LDO, SSV, ETHFI will still rise, add FXS, METIS, EIGEN, AAVE, UNI, and NEAR.
MEME: PENGU, NEIRO, PNUT will rise, MOODENG is waiting to catch up and the expectation of being listed on Binance.
Important events and data forecasts for this week:
1. This Thursday, the Federal Reserve will release the minutes from the July monetary policy meeting, and the internal debate continues to see whether the East Wind prevails over the West Wind or vice versa.
2. This Friday, Master Bao will speak at the Jackson Hole annual meeting. I still don't think Master Bao will turn dovish, just like in "A Song of Ice and Fire," where he is the last "Night's Watch" of the empire, continuing to resist the invasion of the "White Walkers," although I don't know when they will come. I will discuss the specific reasons in a separate episode soon.
Important news from the over-the-counter market:
On Monday, the driver will head to the White House to accept the "finale" of his life. He faces a dilemma: if he doesn't sign the "national death" document, he dies; if he does sign it, he dies. #Strategy放宽股票出售规则# #Gate七月透明度报告发布# #机构以太坊储备破1000万枚#
SOL-3.08%
GT-0.6%
BTC-3.04%
ETH-5.74%
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MasterWanvip
· 08-19 08:51
Hurry, enter a position! 🚗
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