August 23 Market Update: BTC surges to $79,000 and enters high-level consolidation, with $25.3k-level liquidity reshaping the primary uptrend】 📊 Key data today: BTC spot price: ~$77,200–$77,800 (up over 22% in a single week, surging to $79,000 before undergoing high-level rotation between $77,000–$78,000) Macro and liquidity: Expectations of a U.S. Treasury buyback program and improved liquidity continue to build, alongside anticipated policy tailwinds, pushing the global crypto market cap back above $2.53 trillion. Derivatives and ETF: Cumulative liquidations of short positions across the market exceeded $3.4 billion, while U.S. spot BTC ETFs recorded weekly net inflows of $1.45 billion, with demand for both spot and perpetual contracts turning bullish across the board. 🔍 In-depth analysis today: 1️⃣ “Massive rotation and absorption” at the $77,000–$79,000 range After completing a super one-way primary rally from $63,000 to $79,000 in a single week, the market is currently accumulating high-level positions within the dense resistance zone of $77,000–$78,500. Although some long-term holders (LTHs) have taken partial profits, support from spot ETFs and compliant over-the-counter funds has been extremely strong, with no signs of a deep sell-off. 2️⃣ Institutional funds and major altcoins resonate in a catch-up rally As Bitcoin establishes a breakout structure, core assets including Ethereum (breaking above $2,400), SOL, and Hyperliquid have posted weekly gains of 20%–50%. Market liquidity is expanding from a pure “BTC short squeeze” toward a broader increase in risk appetite across the market, while institutions remain optimistic about regulatory legislation such as the CLARITY Act and subsequent policy developments. 3️⃣ Technicals: Daily bullish divergence, beware of a weekend liquidity-contraction pullback Moving averages across all timeframes on the 4-hour and daily charts show a fully bullish alignment. RSI remains elevated and consolidating above 70, with short-term key support at the former resistance-turned-support zone of $74,500–$75,000. As long as the weekly close holds above $75,000, the next uptrend will directly open the path toward $82,000–$85,000. 📉 Trading strategy suggestions: Support: First support at $75,000–$75,500; strong support at $71,500–$72,000. Resistance: Key short-term resistance at $79,000–$80,000; major breakout resistance at $83,000. Trading approach: Spot: Hold firmly. Do not blindly fear the highs and give up cheap holdings during the early stage of the primary rally; continue holding medium- to long-term positions to benefit from the trend premium. Futures: Strictly avoid highly leveraged long positions above $78,000 or trying to pick a top against the trend. Conservative traders are advised to wait for a low-volume pullback and confirmed support in the $75,000–$75,800 range on the 1-hour/4-hour timeframe before entering trend-following longs, with a strict stop-loss below $74,000. 💬 Discussion: Bitcoin surged 23% in a single week, approaching the $80,000 mark! Do you think it will break directly above $80,000 at the start of the new week, or undergo a healthy corrective rotation in the $75,000–$78,000 range? #BTC突破$77000 $BTC ‌

I just hit refresh, and it shot up as if I had startled it. When the early-session dump had just begun, $PRL bounced back to 0.33936. Volume didn’t expand, but selling pressure was heavy. Seeing this price action, I immediately went short without hesitation. It has now slid down to 0.22741, with +649.54% secured. This sell-off was swift and decisive, with no dragging things out. It feels great—everyone on board should be laughing themselves awake. I’ve closed 70% and put it in my pocket, while protecting the remaining 30% at the entry price and letting it run on its own. Have a strategy before the session and discipline during it. Hold as long as the trend remains intact; get out when it breaks down. Don’t fall in love with the market. For those who haven’t gotten on board yet, take it from me: chasing a trade can easily leave you stranded at the top. Wait for the next shot before making a move. There will be more opportunities. $ADA $BTC

August 23 Jinman’s Gold Forecast for Next Week: Stagnation at Highs After a Sharp Rally; Watch for a Short-Term Pullback! Gold surged unilaterally this week, rising from a low of 4324 at the start of the week to 4632, breaking through three round-number levels and gaining over 300 points for the week, with three consecutive bullish weekly candles. Core bullish logic: Weak employment and easing inflation have led the market to bet on a Fed rate cut in September. Declining real Treasury yields have lowered the cost of holding gold, supporting higher gold prices. Technically, the price has reached the strong resistance zone near the upper Bollinger Band around 4659. Resistance is concentrated at 4630-4650, upward momentum is insufficient, and the RSI is overbought, creating a need for a technical pullback. Trend outlook: This is not a reversal, but merely a corrective phase within the bullish trend. In terms of trading, short-term traders can bet on a pullback, but should not blindly take a long-term bearish view. After the pullback is complete, bulls will still have an opportunity to push higher. Trading strategy: Short the 4630-4650 rebound zone, with targets at 4600, 4550, and 4500. #黄金 #BTC突破$77000 $BTC $ETH