August has quietly passed one-third of the way, and within these short 10 days (from the 1st to the 10th), the crypto market has staged an extreme "ice and fire" scenario. Some have harvested surprises amid intense fluctuations, while others are deeply troubled by the market reversal, with overwhelming news intertwined, influencing every pulse of the market. At the beginning of the month (from the 1st to the 3rd), the market initially focused on the "Golden Lion King's" tariff policy, stirring fund sentiment with related expectations. Shortly after, the "fraud doubts" over the US Non-farm Payrolls (NFP) and Powell's strong hawkish statements followed one after another, causing the market's expectations for interest rate cuts in 2025 to completely cool down, even forming a consensus of "no interest rate cuts for the entire year." Against this backdrop, the long positions in the futures market faced a large-scale liquidation, and the spot market also began to enter a big dump mode, with panic emotions spreading. However, the market reversal came unexpectedly. On August 7, Trump announced that he would sign an executive order allowing crypto assets to be included in the 401 (k) pension plan. This heavyweight news not only placed extreme pressure on Powell but also made the market sense the possibility of a shift in Fed policy. Subsequently, Ethereum led the pump, and the entire crypto market once again witnessed a scene of "chaos and ascension." The short positions in the futures market were thus liquidated. As the publication date for the US CPI data on August 12 approaches, the market experienced a pullback again yesterday, further confirming the crypto market's "news-driven" nature — success comes from news, failure also comes from news. It can be said that the trend of the crypto market in 2025 largely depends on the "Golden Lion King's" mood. To profit in such a market, one must be prepared in advance and seize opportunities; otherwise, it will be difficult to achieve results. Follow Yibo to timely grasp real-time market dynamics and seize the opportunity in the ever-changing market.

Bitcoin initially consolidated at a low around 116366 yesterday morning, then surged with volume, reaching a high of 119205. After the peak, the price retreated and entered a phase of high-level volatility and consolidation, continuing the rhythm of upward fluctuation after rising. The coin price is currently maintaining a high-level fluctuation in the daily trend, but on a larger time frame, it is closely following the short-term moving average, showing a strong upward trend. In the 4-hour chart, the K line is also maintaining a relatively strong fluctuation along the short-term moving average. Although it is currently operating near the previous resistance zone, there is basically no room for adjustment in price, leaning towards the potential for continued rebounds in the short-term trend. Moreover, it looks very promising to refresh the historical high; this upward momentum is too fierce. It has been a one-sided rise without any pullbacks, and short positions are definitely not viable, so one can only follow the trend and look bullish, as there have been no opportunities for pullbacks to enter long positions. In the face of such a surge, any pressure feels like nothing, easily broken without hesitation.
Ethereum first surged to the 4333 level, then retraced, probing down to around 4161 where it found support before oscillating and rebounding. Currently, it is consolidating around 4230, showing a fluctuation recovery trend after the initial surge and drop. From a daily perspective, the market presents a stepped upward pattern and has successfully broken through the middle band of the Bollinger Bands. During this period, while there were pullback actions from the short positions, their strength was weak, failing to reverse the upward momentum. In the MACD indicator, the fast and slow lines have turned upward and are gradually converging, with a golden cross pattern about to form, indicating that the overall trend is leaning towards long positions. On the four-hour level, the market is mainly characterized by upward fluctuations and has broken through the upper band of the Bollinger Bands, with the bands opening continuously upwards, and various moving average indicators showing that long positions dominate. However, it is important to note that in the KDJ indicator, the K and J values have entered the overbought zone, indicating short-term pullback pressure. Comprehensive analysis shows that each time the long positions probe upwards, there is a slight pullback, but the pullback consistently lacks continuity and fails to form effective resistance. Therefore, in terms of operations, it is recommended to primarily focus on low buys after pullbacks, using the pullback opportunities to position long orders, in line with the overall upward trend.