This recent downturn has really broken people's defenses. BTC and ETH both turned downward, and the market rhythm is completely disrupted. But don't panic, positive news is actually right in front of you, and the opportunity and risk depend on whether you can grasp it.
ETH: Significant callback pressure, but two major super positive signals are approaching
Let's first talk about #ETH. ETH's this wave of decline looks like a standard ABC three-wave pattern. The first two waves dropped 7% and rebounded 5%, now entering the third wave? Following the script, the target is around 4260, with a quick rebound or oscillation after hitting. A typical whale strategy, becoming clearer as it progresses.
Communication+Q: 3806326575
The best scenario is a "needle" drop followed by a quick pullback, cannot close below 4000, otherwise the trend becomes somewhat dangerous. But the positive news cannot be ignored:
- November Ethereum Fusaka upgrade online: This is a true performance enhancement upgrade, speed will increase 25 times, not like previous conceptual hype. Historically, almost every upgrade could ignite market momentum, and this one has even higher value.
- October ETH spot ETF expected to be approved with staking function: Meaning ETF holders can get about 3% additional returns, directly crushing traditional investment returns like US Treasury bonds and Coca-Cola dividends. How could Wall Street funds not be tempted?
I judge that these two positive signals will be the core driving force for ETH in the second half of the year. Short-term looks like a callback, but long-term is about accumulating energy.
BTC: Long and short game, key support at 112K
BTC has been performing weaker than ETH recently. A typical false breakthrough that cut many people, trapping a batch of long chasers at the highest point, then counterattacking short sellers. Now the key is the neckline around 112K, holding could allow a rebound, failing might risk dropping to 108K.
In the big picture, the bull market hasn't broken, but oscillations will become increasingly intense.
Doge ETF: Potential explosion in October
First, let's look at the technical side: Although I'm bullish on #DOGE long-term, the 4H bearish pattern requires caution. Currently showing a 4H head and shoulders pattern, longs might consider around 0.2.
Communication+Q: 3806326575 The most explosive recent positive news is——Doge ETF application officially submitted. Backed by major institutions like Huidu and Bitwise, who previously successfully launched BTC and ETH ETFs. If approved in October, DOGE will certainly become a hot spot. Meanwhile, SOL, XRP, ADA and other coins also have ETF applications in progress. When selecting coins, it's best to prioritize targets with clear positive expectations.
The rest of the text continues with discussions about crypto market trends, potential investments, and upcoming macroeconomic events.
