1. Federal Reserve officials gave speeches, expectations for a rate hike in September fell, risk assets saw a rebound, the market surged sharply over the past 24 hours, resulting in a large number of short positions being liquidated—total liquidations across the network reached approximately $1.83 billion.
2. US Bitcoin spot ETFs returned to net inflows with institutional buying returning; ETH spot ETFs saw divided capital flows with large outflows, and there is stronger preference for BTC over ETH.
3. The US Treasury expanded the scale of long-term bond repurchases, which the market interpreted as marginal easing of liquidity, benefiting crypto assets.
4. The market Fear and Greed Index is in the greed range, and the RSI on short timeframes is generally overbought. There is a risk of correction and shakeout after the rally, so avoid blindly chasing highs.
📈 Market Overview
Current BTC price is about 81,100, 24h increase of 4.5%; ETH is about 2,500, 24h increase of 4.8%; SOL is about 104, 24h increase of 3.6%.
The market saw a strong rebound driven by macro positives. Major coins rose across the board, but short-term indicators are overbought—beware of a potential pullback after the surge, prioritize buying on dips and avoid chasing the rally.
📊 Intraday Technical Observations (for market review only, absolutely not investment advice; cryptocurrency trading speculation is prohibited domestically)
BTC
Resistance: 82,800–83,500 | Strong resistance: 85,500
Support: 79,200–79,800 | Strong support: 77,800
👉Strategy: The bullish trend prevails, but short-term is overbought. Watch for a stabilization near the 79,500 dip for long opportunities. If the rally stalls at upper resistance, expect a short-term pullback. Strictly set stop losses and avoid excessive positions.
ETH
Resistance: 2,560–2,610 | Strong resistance: 2,700
Support: 2,420–2,450 | Strong support: 2,340
👉Strategy: Moves in sync with BTC, RSI now in overbought territory. Look for rebound if support holds; if it breaks below 2,420, short-term trend weakens, reduce position size to manage volatility.
SOL
Resistance: 108–112 | Strong resistance: 116
Support: 100–101 | Strong support: 96
👉Strategy: Volatility in altcoins is much higher than BTC, with greater elasticity and higher risk. Wait for a dip to support levels, do not chase highs; if price breaks below 96, abandon the bullish outlook.
