8.19 Macro Market Analysis

Good morning, brothers. The market has not been doing well these days, with Bitcoin dropping about 7.9%. Many brothers are worried that the market will continue to decline, especially those who are stuck at high positions and can't sleep at night. So, will there really be another wave of a major crash? Some say it could go down to 100,000, or even 90,000, 80,000.

Don't listen to various analysts bragging; let's speak with data. We only look at on-chain data. From the on-chain data, there has been an influx of stablecoins into exchanges in the past few days, with no signs of outflow. Bitcoin continues to flow out of exchanges. The proportion of whales is still increasing, and it seems they are still accumulating.

Currently, BTC is approaching the 60-day EMA, which is quite safe, but ETH is still a bit away from the 60-day EMA and may need to drop a little more. BNB is performing well, and the next stage is likely to surge above $900. SOL has dropped significantly and looks unreliable; this is a common method used by whales to shake out retail investors. Therefore, brothers who bought spot SOL should hold patiently and not be shaken out. For futures trend positioning, you can wait a bit longer!

On the international front, Hamas has agreed to the new ceasefire proposal for Gaza put forward by the mediators, the Russia-Ukraine conflict may be coming to a pause, which is favorable for risk assets in the cryptocurrency space. Ukrainian President Zelensky, dressed in formal attire, opened the meeting with Tsemak by saying "thank you" eight times. Ukraine proposed to purchase $100 billion worth of American weapons in exchange for security guarantees; after the meeting, Trump called Russian President Putin, with the location to be determined, followed by a trilateral meeting.

Why does the dog house need to hit first? Not pulling the market means waiting for the Federal Reserve decision at 2 AM on Thursday. First, ambush a wave, letting the bears increase their short positions, and then after this report is released, explode and let the bears make money.

We previously announced the institutional costs.
BTC is $100,000-$110,000
ETH is around $3500
BNB is around $760

Currently, institutions are not making much profit. We need to see the big picture and be patient in holding our coins.

Long Ge's analysis is merely a friendly reference. Adults must take responsibility for their own decisions. Investing carries risks; please invest with spare money and think independently!