Ala talks about the market (evening of August 23) --- did not send successfully in the morning!! After several twists and turns, customer service finally said it can be done now!

Surge! Surge! Powell's speech overnight revealed a dovish tone, and the U.S. stock market linked up with the cryptocurrency market for a wild rebound.

BTC suddenly pumped overnight back to around the 30-day moving average of 11.67k. ETH took the opportunity to rebound to the pre-2021 high and slightly exceeded it, continuing to set a new historical high of 4887!

Recently, 阿拉 has been emphasizing bottom-fishing in dynamic texts. This crash presents the best and most certain opportunity. Fans have been advised to ambush BTC around 111600-12000 and ETH around 4060-4200 for bottom-fishing. Fans who followed 阿拉 to bottom-fish in this wave should have enjoyed great profits!

Recently, our ideas for opening positions and the selection direction of spot currencies have been communicated in public updates. The cryptocurrency market is experiencing significant changes, and many price points need to be updated in real-time. There will be a certain delay in dynamic updates, so the latest news may not be obtained in a timely manner. Therefore, we will also apply to the Gate platform for a live broadcast group chat. In the coming time, we will aim to seize the wealth opportunities in both spot and contracts together!

Start today's market analysis. Yesterday, I analyzed that BTC would show direction in the evening. During the live broadcast, BTC dropped to 11.16k as expected and then surged by 5500 points. In the short term, it encountered resistance at 11.73k and is currently experiencing a slight pullback. The resistance zone of BTC at 117300 is the starting point of this downward trend. For BTC to rise, it must break through 117300. However, according to Ala's analysis, this is currently a technical pullback, so don't panic. A pullback is an opportunity. If you have bottom chips, you can lock in profits in batches.

It is important to remind that: although there is a short-term need for BTC to pull back, it is not recommended to short right now. Since the direction is chosen to go up, it is better to continue breaking upwards. The suggested strategy is to buy on pullbacks, specifically to buy near 115100, with additional entry between 114888-113888 for averaging down. If it falls below, you must stop loss. If BTC can break through 11.73k with volume, the market will continue to thrive (see Figure 1).

ETH surged 15% overnight, and everyone knows the cost of 4200+ for Alar. It directly skyrocketed to today's new high! Currently, ETH has rebounded from oversold to overbought, and the stage cycle is almost complete. I have taken profits in batches and suggest that everyone should not chase the rise, but patiently wait for a price pullback. It would be best to add to positions when the price is in the support zone and oversold signals appear again (refer to image 2).

Recently, during the big drop, many people said ETH would go to 3800, some said 3500, and even others said 2500. I don't know where these points come from; it's obviously wrong. I previously communicated with fans and provided the extreme point of 3900, later corrected that the major support is 4060 and the minor support is 4262. Based on these points, the retracement bought right at the tip. It's not that my ability is stronger than theirs; it's that I have confidence in my own judgment. If every drop means the bull is over, and every drop leads to looking at ETH below 3000, then with such judgment, it’s better to just leave the market. Now the news is changing rapidly; we just need to grasp the core logic among it.

It is still a bull market now. According to on-chain data, the survival rate of current ETH shorts liquidated at 5000-5800 is basically no more than 10%! The main force is conducting large-scale pump operations, and the cost of chips is extremely high, so the goal is very clear: to completely eliminate all shorts! Going with the trend, ETH will be great again. The shorts are the payers of this feast, not the ones chasing high prices!

Suggested strategy for ETH: Buy on dips: Start with 4626-4612, add positions in the second tier at 4572-4555, and establish a solid defense at 4550-4508. The new high point above 4888 is 4966.

Lastly, let's talk about altcoins. ETH surged to a new high of 4888, and mainstream altcoins also bounced back after a significant drop. During this downturn, we consistently encouraged everyone to buy quality altcoins: ADA, DOGE, LTC, AAVE, SUI, PEPE, LINK, POL, all of which have soared. We mainly focused on ADA, PEPE, and AAVE, and the profits from this bottom fishing have been quite enjoyable.

Last night I missed the first round of the pump, don't miss the opportunity of the weekend's altcoin movements, look for lagging small altcoins and Alpha's "dog coins" to ambush. Today I will recommend a few small altcoin projects, but I need to say in advance, when playing with small altcoins, do not have a big picture mentality. If you make a profit of over 20%, you must reduce your position immediately to protect your capital; if you profit over 50%, you must completely exit with your capital; and if you lose 5-10%, you must stop loss. When playing with small altcoins, you can only be a "bad boy," absolutely do not engage in so-called value investing, and do not invest more than 20% of your capital!

Altcoin:
LDO: ETH is so strong, if you missed it, then LDO might be a good alternative.
NIL: In recent days, the tokens in the FHE track have been pumped several times. I recommend a token from the same track that hasn't been pumped much at the bottom, $NIL, currently priced around 0.31. Set a stop loss at 0.26, and it's a relatively new coin with a market cap of about sixty million. Manage your position well and use less leverage.

Alpha Track:
MM feels great, this IP attribute has good virality and sustainability, I noticed it yesterday, after a night of washing, the current trend is still quite good; currently with a market value of less than 200k, I just bought some, and I feel it has a good chance to pump, friends who are following can discuss in the comments section, I will notify you later!
DORA: The trading volume has skyrocketed in the past two days, yesterday's 24-hour trading volume was 35m, and today it is already 45m.

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