Good morning, crypto friends! I’m Wang Yibo, who is more active in monitoring the market than ordering takeout every day. To kick off the new week, let’s spread some benefits: loyal fans checking in will definitely unlock the “wealth buff.” Friends who like this post will see their accounts shine bright today, with fried chicken, beer, and seafood feasts on the agenda! 🍗🍗🌹🌹

【U.S. Stocks “Dive Headfirst,” Crypto Concept Stocks Plummet】

Monday’s U.S. stock market was like a “diving competition,” with the three major indices collectively heading down as if they had agreed to “slack off”: the Dow fell by 0.76%, the S&P 500 dropped by 0.43%, and although the Nasdaq only fell by 0.2%, crypto concept stocks took a nosedive—Coinbase dropped by 4%, and Circle was even worse, plummeting by 7% as if it were on a slide, prompting people in the crypto circle to exclaim: “Big brother, can we not mess up the rhythm!”

Even more astonishing is the Federal Reserve’s “interest rate calculations”: CME data shows that the probability of a 25 basis point rate cut in September skyrocketed to 82.8%, while maintaining the current rate has become a “niche option”; October is even more exaggerated, with a cumulative probability of a 50 basis point cut reaching 34.5%. This wave of “expectation management” is skillfully played, but it’s tough for contract players—the market has directly “plummeted off a cliff,” with bulls getting liquidated as if they were “cleaning out old clothes for the season,” it was that thorough. The current crypto market is no different from opening a blind box; you never know if the next one is a “surprise” or a “shock.” Want to avoid pitfalls? Follow Yibo, who will keep you updated on the latest developments and help you take the market’s “pulse”!

【BTC “Sluggish Consolidation”: Hitting Resistance at 113600, Lacking Momentum】

Bitcoin, the “big brother,” has recently completely fallen into “sluggish mode,” and yesterday it practically had the word “weak” welded to its forehead. In the morning, it attempted to break through 113600 twice, but sell orders poured in like dumplings, pushing the price back down; in the evening, it dropped to 110500 trying to “catch its breath,” rebounding to 112893 only to be slapped back down by bears, hitting a low of 109235 before barely “stopping the fall.” It’s now spinning around near 110500, like a worker slacking off at the office, not wanting to move.

The technical indicators are even more “grim”: on the daily chart, the price has been “lying low” below the moving averages every day, with the short-term moving averages neatly lined up—all in a bearish arrangement; the MACD is “lying flat” below the zero line, and the green momentum bars keep expanding, as if shouting “I can still fall”; the KDJ is almost in the oversold zone but shows no signs of “lifting its head,” this weakness is more obvious than not wanting to go out on a rainy day.

The fundamentals are even less “good news”: the global economy is like “seeing flowers in the fog,” with funds all rushing to cling to gold and government bonds, who still cares about Bitcoin? Moreover, some countries are tightening regulations on cryptocurrencies, making it difficult for funds to enter the market, and prices are being pressed down hard. Take Yibo’s advice: don’t blindly try to catch the bottom in the short term, wait and see if the key resistance levels can be broken and when the indicators will “lift their heads,” don’t become a “bag holder” right after entering the market!

【ETH “Roller Coaster Market”: Misled by U.S. Stocks, Rebound Like “Yawning”】

Ethereum, the “second brother,” had a market performance yesterday that was more thrilling than watching a suspense drama, following a path of “fluctuation - rebound - pullback,” like riding a roller coaster without fastening the seatbelt. In the morning, it dropped from 4780, and in the evening, it fell to 4520 trying to “rebound and save itself,” surged to 4680 only to be “pushed back” by bears, and later got misled by U.S. stocks, dropping directly to 4333 before “steadying its footing.” It’s now swaying around 4420, like a lost child looking for direction.

Looking at the 4-hour level, ETH is in a “weak recovery”—the Bollinger Bands are narrowing, as if about to fall asleep; occasionally, it produces a green candle, but it has no “strength,” with momentum squeezing out like toothpaste; the MACD momentum continues to weaken, and the RSI is almost touching the oversold zone, with both bulls and bears “dragging their feet” here, and the rebound is as lackluster as “yawning,” lacking any force.

Ultimately, last night’s sharp drop was all caused by U.S. stocks—now global risk assets are “cautiously” reacting; when U.S. stocks fall, the selling pressure on cryptocurrencies surges like “a tide.” Currently, the support level at 4333 is like a makeshift tent that hasn’t been tested; the resistance level above 4680-4780 is like a welded iron gate that can’t be broken through. In the short term, it’s highly likely to remain in “narrow fluctuations.” For those looking to operate, it’s better to wait for a rebound before “shorting high,” don’t chase the highs and lows, or you’ll easily get “hit from both sides”!

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If you are feeling lost—don’t understand the technology, can’t read the charts, don’t know when to enter the market, don’t know how to stop losses, don’t understand take profits, randomly increase positions, get stuck trying to catch the bottom, can’t hold onto profits, miss out on market movements… these are common problems for retail investors. But don’t worry, I can help you establish the right trading mindset. A single profitable trade is worth a thousand words, and finding the right direction is better than repeatedly failing. Instead of frequent operations, it’s better to strike precisely, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, subsequent trends will be based on real-time layouts. I look forward to steadily moving forward with you in the market.

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