Chicago Fed National Activity Index for July in the United States

The market looks like a SpaceX rocket: straight to the sky . 1.#HOLD# - 2.#HIVP# - 3.#MULTI# - 4.#ISME - 5.#GOV#

In today's rapidly changing global economic landscape, digital asset investors are facing unprecedented challenges. The frequent shifts in policy direction are like a shroud of fog, enveloping the investment market. The repeated interplay between expectations of interest rate cuts and the reality of rate hikes not only reflects the complexity of global economic governance but also poses a severe test for investors' cognitive frameworks. This seemingly contradictory policy oscillation actually reveals a deeper economic dilemma. Investors need to seek opportunities amid this uncertainty, much like a ship navigating through fog, remaining vigilant of the reefs in front while also discerning the course ahead. For participants in the digital asset space, this situation is particularly tricky. The turmoil in the traditional financial system directly affects the valuation of cryptocurrencies. However, each market fluctuation is a learning opportunity, and every policy adjustment is reshaping the mechanisms of value discovery. We should perhaps understand this situation from a more macro perspective: the current policy environment reflects a profound paradigm shift occurring within the global financial system. Policymakers are seeking a balance among multiple objectives, which presents both a challenge and a good opportunity for investors to reconstruct their investment philosophies. In this era full of uncertainties, maintaining strategic focus is more important than chasing short-term fluctuations. Investors should adopt a broader perspective, penetrate through the fog of policies, and find their position in the tide of the digital economy. True value will never be lost in the noise of the market; it will ultimately be revealed through the test of time. In the face of the current market situation, it is particularly important to remain vigilant, analyze calmly, and seize opportunities. The digital asset market is filled with both opportunities and risks, and only by continuously improving one's level of understanding can one stand undefeated in this challenging market.

Recently, the cryptocurrency market has shown a significant upward trend, with Bitcoin experiencing a strong pump from last night to early this morning, while Ethereum has once again broken through its previous high. In this market environment, how investors can correctly grasp the long and short directions has become a key issue. From a medium-term perspective, Bitcoin exhibits characteristics of a strong pump followed by a consolidation phase on the 4-hour cycle chart. Although there are certain signs of stabilization at present, the long upper shadow on the candlestick chart clearly indicates significant selling pressure. Meanwhile, the shrinking trading volume also raises doubts about the sustainability of bullish momentum, necessitating further observation of market trends. In the short term, the 1-hour chart for Bitcoin shows that the price volatility has significantly narrowed, and the bullish momentum has basically been exhausted. This suggests that the market may face a correction demand in the short term. In terms of technical indicators, the KDJ indicator is in the overbought zone, indicating a risk of correction in the short term. At the same time, the MACD histogram continues to shrink, and the bearish momentum is gradually increasing. It is worth noting that the chip distribution indicator shows strong resistance around $118,974, and the current price is close to this resistance level. Although the price is currently above both the EMA24 and EMA52 moving averages, the upward pressure faced should not be ignored. Regarding Ethereum, its recent performance has also been strong, but it faces similar technical pressures. Investors need to consider these technical indicators and market sentiment comprehensively when making trading decisions, and operate with caution. Overall, although the cryptocurrency market has shown an upward trend recently, there are still risks of a pullback in the short term. Investors should closely monitor market changes, manage risks appropriately, and avoid blindly chasing highs. At the same time, they should also be vigilant about potential sudden market movements and maintain a flexible trading strategy.

Liquidation Levels - 8:30pm August 22nd