$BTC $ETH 63076, my 63200 short position is still open. First, the market setup, then the thing most worth discussing today. Technically, nothing has changed. The daily MACD has formed a death cross, RSI is 43, and the price is below the SMA50. It has fallen 3% in seven days, while volume continues to shrink; today’s 24h volume has contracted further from yesterday. The Bollinger Bands are tightening, and the breakout window is within the next day or two. There are three support levels: yesterday’s low at 62920, Fibonacci S1 at 62687, and then 60247. Resistance is my entry level at 63200, followed by the 64000-64500 trapped-holder zone. It will not break through without a surge in volume. My plan is unchanged: halve the position around 62687, move the stop-loss up to 63600, and see whether the rest can reach 60247. Now for the main point. Today, on BSC, someone turned $120 into $200k in two days with a meme coin called “Bull Run.” That’s an 822x return. Its liquidity pool was only $1m, while its market cap was inflated to $29m. Someone also fabricated a burn transaction from CZ’s wallet to create fake endorsement and trick people into buying. During the same period, BTC fell 3% in a week, ETF net outflows reached $390m, and a whale that had held for 15 years was liquidating. What does this show? The money is not in BTC. It is chasing memes, OKB, and anything with a story. BTC has become the forgotten one. But from a trading perspective, being forgotten means there is no bubble. The person who bets $120 on a meme coin going to zero will not make the news; the person who gets an 822x return will. It is simply survivorship bias. I do not touch meme coins, for a simple reason: with a coin whose liquidity pool is $1m, you may have $200k in paper profits, but you cannot get out completely. This is not investing; it is a game of musical chairs. When the music stops, you are left standing. BTC is slow, but its liquidity is deep, and you can exit whenever you want. On a 63000 short position, closing slippage is almost zero. That is the significance of major coins—not making you rich overnight, but allowing you to leave alive. Funding rates have been negative for three consecutive days, and shorts are crowded. I am holding the short but not adding to it, because too many shorts means the risk of a squeeze can emerge at any time. A single bullish candle could trigger stop-loss orders in a chain reaction, pushing the price higher instead. The crowded direction is not necessarily right, but it is definitely dangerous. There is a crypto meeting at the White House on Wednesday. If positive news emerges, 63200 could be pierced directly. My stop-loss is at 63600, leaving room for this risk. To sum up my approach: watch meme coins without getting involved, hold the BTC short without adding to it, take half off the table at 62687, and if it cannot break through, wait for the direction of the move. Do not be greedy or panic; 400U calls for a 400U strategy. Those holding BTC positions, share your levels. Comment 1 if you are going long and waiting for a rebound, 2 if you are short and waiting for a breakdown, and 3 if you are like me, lightly positioned and waiting on the sidelines.$BTC ‌$ETH #Gate7月增长Top1

August 17 Gold Outlook Gold is currently at $4,380, with bulls dominating the market. Safe-haven demand and expectations of interest rate cuts over the longer term continue to support gold prices. Although bulls have the upper hand in the short term, considerable profit-taking positions have accumulated after the consecutive gains, making it relatively risky to chase the price higher directly. The market is currently range-bound at high levels. There is still upward momentum for a short-term test, but a pullback driven by profit-taking is highly likely after a spike. Blindly chasing the rally is not recommended; wait for the price to fall back to the support zone before entering, as the risk-reward ratio will be more favorable. Trading Recommendations Entry range: 4345‑4360 Target range: 4395‑4410#GateLaunchpool瓜分141万枚DOS $BTC $ETH

August 17 Ethereum Outlook At the current price of $1,884, the market is clearly dominated by bears, with the overall trend following BTC and lacking independent upward momentum. After a slight consolidation and recovery, the rebound is very weak, and even a modest move upward will encounter selling pressure. Buying support is average. The rebound is only a brief pause after the decline, not a reversal toward strength. Overhead resistance is clearly suppressing the price; as long as BTC pulls back, Ethereum will accelerate its decline. This market is not suitable for chasing the rebound. It would be more appropriate to wait for the rebound to reach the resistance zone before positioning. Trading recommendations Entry range: 1,904‑1,924 Target range: 1,884‑1,864#GateLaunchpool瓜分141万枚DOS $BTC $GT $ETH