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Track real-time hot topics in the crypto world and seize the best trading opportunities. Today is Tuesday, August 5, 2025. I am Wang Yibo! Good morning to all coin friends☀️hardcore fan daily attendance👍Like and make a fortune🍗🍗🌹🌹
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The US stock market closed on Monday, with the Dow Jones Industrial Average initially rising by 1.34%, the S&P 500 index up by 1.47%, and the Nasdaq up by 1.95%. Tesla (TSLA.O) rose by 2%, Meta (META.O) increased by 3.5%, and Nvidia (NVDA.O) rose by 3.6%. According to CME's "FedWatch": the probability of the Fed maintaining interest rates in September is 5.6%, while the probability of a 25 basis point rate cut is 94.4%. The probability of the Fed maintaining interest rates in October is 1.6%, the cumulative probability of a 25 basis point rate cut is 30.8%, and the cumulative probability of a 50 basis point rate cut is 67.6%. The crypto market is seeing an overall increase, with recent whales continuously accumulating Ethereum and Sol, causing the coin prices to rebound during trading. Therefore, it is unknown how many people have fallen before dawn arrives; pay attention to Yibo to grasp real-time dynamics.
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Last night, the Bitcoin market showed a fluctuating upward trend, with the price continuously climbing from a low point of 114074 to a high point of 115692 before pausing. Observing the current market, the four-hour level shows a steady upward trend, with prices gradually approaching the upper band of the Bollinger Bands. During this period, there was a slight pullback from the bears, but the force was weak and did not shake the overall upward trend. Currently, there is a strong short squeeze in the market, with prices rising continuously without giving the market a chance to breathe for a correction. From a technical perspective, the daily and weekly levels have clearly opened up upward space, and Bitcoin has successfully broken through key levels, further consolidating the bullish trend. In terms of operations, it is recommended to rely on the previous top-bottom conversion level as support and continue with a bullish outlook. Moving forward, the core need is to pay attention to the sustainability of the upward momentum, focusing on tracking Bitcoin's breakthrough strength against the upper resistance, and seizing the opportunity to extend the trend accordingly.
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The Ethereum market is synchronized with Bitcoin's movement, with prices rebounding after pulling back to the 3627 low point last night, peaking at around 3735 in the morning. Observing the current market, the four-hour level is showing a rebound and repair trend: the MACD green bars are continuously shortening and about to turn red, indicating that bearish momentum is gradually weakening. If the subsequent DIF crosses above the DEA to form a golden cross, and the histogram continues to expand, it will confirm the continuation of the rebound trend. Although the hourly level is in a short-term bullish trend, the bullish momentum is currently continuing to diverge, and the overall trend has entered into the bulls' control. It is recommended to focus on short-term long positions for operations.
According to the information disclosed by SlowMist, Credix's multisignature Wallet added a hacker as an administrator and bridge role through ACL Manager at the end of the month ( six days ago, an action that granted the hacker critical permissions to mint collateral Tokens directly in the liquidity pool as a bridge.
In this way, the hacker quickly borrowed a large amount of assets, almost depleting Credix's liquidity pool, resulting in serious losses.