
Phyrex|Aug 10, 2025 18:10
Today's homework is a bit simpler. Although the weekend had low liquidity, investor sentiment was good, driving the rise of BTC and ETH. My multiple orders also flattened at this time, finally confirming that I did not make any mistakes in judging the recent trend. Next week, we will start a new short-term competition. As mentioned yesterday, there will be several macro data coming out next week, including CPI and retail data, one related to inflation and the other related to the economy.
Although I personally think investors should be temporarily desensitized to data, the human nature is complex after all, so I dare to predict something and honestly watch first, but I believe that Trump still has a card to play, so if the market falls due to data reasons, I may still order more, but this time the fault tolerance rate is slightly higher.
Looking back at the data of Bitcoin, the turnover rate over the weekend has slightly increased due to the rise in prices, but the increase is not severe. Only investors who bought the bottom in the past two days have shown obvious signs of leaving, while other investors remain indifferent. However, it may not be clear on Monday, especially with CPI data on Tuesday. I don't know if there will be some risk aversion, as market expectations are not very good.
The decrease in turnover rate naturally has little impact on support, and investors at the two support levels are also very stable. It feels like the seventh support level is gradually emerging, similar to the first, second, and third support levels. If we do it again, it may be a big bullish trend.
This article is sponsored by Bitget | @ Bitgetzh
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