BTC, ETH Short-Term Pullback, But Overall Trend Remains Upward
#Bitcoin has pulled back to a strong support near 112,000, showing short-term correction signals, but overall healthy. As long as this level holds, the main trend remains upward; if breached, it might return to the May-July consolidation range.
Contact+Q: 3806326575 For Ethereum, if the 4,000 key level is lost, it may explore down to the 3,780 retail despair zone.
At this position, it's also an institutional second chance. Sideways consolidation or downward wash - the latter often signals a bottom. Don't rush to buy the dips before the needle, as post-needle rebounds usually only offer 20% chase, with a second exploration opportunity later.
Contact+Q: 3806326575 Year-end rate cuts and policy benefits mean ETH and top altcoins are worth holding, while other "air coins" can be ignored. On the altcoin front, buying quality leaders during dips remains logical - only high-quality top altcoins will follow the market's rise, others are currently trash. Recommended reading on altcoins:BTC, ETH Crashed? July's Bull Market Echelon Chart Can Still Help You See the Direction! What Should You Do with Altcoins?
Resilient PEPE: Faith and Market Analysis
Today, let's discuss my favorite - #PEPE.
PEPE has a strong community consensus, with consistent buyers adding positions during pullbacks, indicating it's not a worthless coin. However, as a non-mainstream coin, it can't enjoy BTC and ETH's capital spillover effects, with new investment data remaining flat. During its previous high, it saw massive new investor inflow driven by sentiment. Recent pullback shows slightly improved new investor data, but still far from its peak. Long-time holders' persistence provides patience for short-term investors.
Technically, PEPE's 1,000 support is the daily-level converging large triangle's lower bound, but this downward move might not hold, as BTC hasn't yet shown volume-based stabilization and has broken through the upward channel support. If BTC pulls back to 112,000, PEPE's support may also be breached.
Contact+Q: 3806326575 But don't worry about selling:
1️⃣ PEPE no longer strictly follows BTC's decline, selling momentum weakens, buying support remains. 2️⃣ Historical low-point support is strong - around 8300 and 7600, with downside limited to 30%. More importantly, since listing on BN, PEPE has never fallen below the Bollinger Bands' weekly lower track, currently rising about 60 points weekly, reaching 740 next week and 800 the following week, with limited space.
Patiently await each low-entry opportunity. Pepe's faith remains, chips are stable, and dips are buying opportunities.
Recommended PEPE articles:Crypto's Fourth Wave About to Go Crazy! ETH Rises Against Headwinds, SUI, RAY, PEPE, SOL Ready to Surge! Don't Miss August!
Why This Bull Market is Hard to Profit From
After ETF approval, the stage changed: Institutions and quantitative traders became the main actors, with retail investors always being cut. Buy what drops, sell what rises, getting trimmed by 20 points. New coins launch daily, real money goes in, mostly leaving with nothing. News? All scripted, you're always the last one holding.
This bull market, sickles everywhere. Article ends here! If you're still lost in crypto, join my layout, or you'll miss the next market move. Follow the public account: Crypto Meow y
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