ForkingDrama

ETH faces short-term pullback pressure; focus on the three layers of support below
After Ethereum’s rebound in the recent period, its upward momentum gradually weakened, and the chart has started to show signs of a pullback. In the short term, there is a need to revisit and digest. The key supports to watch are: 1850, 1830, and 1800.
From the chart, the upper side has repeatedly tested resistance but the strength of the bulls’ offensive has clearly weakened. Short-term capital’s willingness to take profits is rising, so the market is no longer suitable for blindly chasing higher prices.
Layered interpretation of key supports
First support: 1850
This is an important near-term defense level in this round of rebound. If the pullback is only mild, buyers are likely to step in here first. If it holds, it will most likely keep the market in a range-bound consolidation and will not break into a deep sell-off. But if it breaks down with volume, the pullback space will open up further.
Second support: 1830
A high-concentration trading area that was tested multiple times in the past; it’s a key dividing line between bulls and bears. When price reaches this level, a batch of dip-buying funds will engage in a rebound battle. If this level is also effectively broken, it would indicate that the short-term bullish structure is damaged, and the market would need to look toward lower levels.
Third strong support: 1800
This is the key psychological level for the current market, and also an important mid-term bullish line of defense. If the pullback reaches this point, it’s a good area to observe. Whether 1800 can hold directly determines whether the subsequent broader consolidation pattern will be rewritten.
Simple trading ideas
Don’t rush to go long in the short term; wait for signs that support has stabilized before making a judgment.
If a pullback to 1850 shows a stop-and-reversal signal, you can try a small-position long;
if 1850 breaks down directly on increased volume, don’t rush to buy the dip—wait and observe the follow-through strength at 1830/1800.
Market conditions change quickly; wicks and news could break technical levels. Be very cautious with leverage, and strictly manage position sizing and stop-losses!
#eth

According to BiuJieNet news, Bitpay has announced that it has obtained approval from the Dutch regulatory authority, becoming a compliant payment services provider for crypto assets for the EU market under the Markets in Crypto-Assets (MiCA) framework. This enables Bitpay to operate across the entire European Union through its Dutch subsidiary.

Bitcoin Holds Firm Above Key Trend Levels, Is the Next Breakout Approaching?
Executive Summary
Bitcoin is trading around 64,742.2 USDT on the 4-hour timeframe after a healthy pullback from its recent high of 65,596.4 USDT. Rather than showing signs of panic selling, the market is consolidating above key moving averages, suggesting that buyers continue to defend the prevailing uptrend. Momentum has cooled slightly, but the overall structure remains constructive. The next move will largely depend on whether Bitcoin can reclaim the recent high or loses support around the current trend zone.
Market Update
According to the uploaded chart, BTC/USDT is trading at 64,742.2 USDT, down approximately 1.04% over the displayed period. During the session, Bitcoin recorded a 24-hour high of 65,596.4 USDT and a 24-hour low of 63,827.4 USDT. Trading activity remains strong with approximately 51.36K BTC in 24-hour volume and 3.33 billion USDT in turnover, indicating continued participation from both buyers and sellers.
Market Overview
The 4-hour chart continues to display a positive market structure despite the recent correction. Bitcoin rallied strongly before encountering selling pressure near 65.6K. Instead of collapsing, price retraced toward its short-term moving averages where buyers stepped back into the market.
This type of price action is commonly seen during healthy trends, where temporary profit-taking is followed by consolidation before the market decides its next direction. As long as Bitcoin continues trading above its medium-term moving averages, the broader technical outlook remains positive.
Current Market Data
Asset: BTC/USDT Perpetual
Timeframe: 4-Hour
Current Price: 64,742.2 USDT
24H High: 65,596.4 USDT
24H Low: 63,827.4 USDT
24H Volume: 51.36K BTC
24H Turnover: 3.33 Billion USDT
MA5: 64,497.5
MA10: 64,682.3
MA30: 63,897.9
EMA5: 64,545.9
EMA10: 64,485.0
EMA30: 64,045.8
Technical Analysis
The recent rejection near 65.6K triggered short-term profit-taking, but the correction remains controlled. Bitcoin is still trading above the MA30 and EMA30, suggesting that the broader trend has not been broken.
The shorter moving averages remain close to the current price, reflecting a period of consolidation rather than a confirmed reversal. If buyers continue defending these levels, momentum could gradually rebuild for another attempt at the recent high.
The MACD values shown on the chart remain positive, indicating that bullish momentum has weakened but has not disappeared completely. Although buyers are no longer as aggressive as during the initial rally, sellers have also failed to gain full control of the market.
Overall, the technical picture favors consolidation within an existing uptrend rather than the beginning of a major bearish phase.
Key Technical Levels
Support
The moving average zone around the current trading range is acting as an important dynamic support area. Continued buying interest above this region would help maintain the current bullish structure.
Resistance
The first confirmed resistance visible on the chart is 65,596.4 USDT, which represents the recent swing high. A successful breakout above this level could attract fresh buying momentum and improve overall market sentiment.
Market Outlook
Bullish Scenario
If Bitcoin holds above the current moving-average cluster and successfully breaks above 65,596.4 USDT, buyers could regain momentum and extend the existing uptrend. Strong volume during such a breakout would improve confidence and confirm renewed bullish strength.
Bearish Scenario
If sellers push Bitcoin below the moving-average support zone and buyers fail to reclaim those levels quickly, the market could experience a deeper correction. A sustained break below trend support would weaken the current bullish structure and increase downside pressure.
Trading Strategy
For trend-following traders, patience remains essential. Waiting for confirmation above resistance or confirmation of support holding is generally more disciplined than chasing short-term price fluctuations.
Risk management should always remain the priority. Position sizing, stop-loss planning, and avoiding excessive leverage are especially important during periods of increased volatility.
Market Themes to Watch
Whether Bitcoin can reclaim the recent high at 65,596.4 USDT.
Price behavior around the MA30 and EMA30 trend support.
Trading volume during any breakout or breakdown.
Overall market sentiment as Bitcoin leads the broader crypto market.
Final Thoughts
Bitcoin continues to display resilience despite recent profit-taking. The overall 4-hour structure remains constructive, with price holding above important moving averages while consolidating below resistance. Although short-term volatility is likely to continue, the market has not yet confirmed a bearish trend reversal. The next decisive move will depend on whether buyers can overcome the recent high or whether sellers gain control below the current support zone.
Disclaimer: This analysis is based on the uploaded chart and the visible market data only. It is intended for educational and informational purposes and should not be considered financial or investment advice. Always conduct your own research before making any trading or investment decisions.
Signature: Ai_Power
#BTCMarketAnalysis:

A $150 device. A 3.1382 $BTC reward.
A solo miner using a Bitaxe successfully mined Bitcoin block 957382 through Public Pool, earning the full 3.1382 BTC block reward worth approximately $200K.
While the odds are extremely low, this highlights how Bitcoin's decentralized mining network still allows independent participants to contribute. It's a fascinating example of how probability and persistence can sometimes align.
#Bitcoin #BTC #Mining #blockchain #CryptoMarket

CryptoBriefs reported that Grayscale said that protocols in the financial crypto space such as $HYPE outperform tokens in the consumer and culture sectors, thanks to their reliance on real cash flow, stablecoins, tokenization, and blockchain adoption. The market is rewarding these projects with strong fundamentals.

Coin World News: The U.S. Central Command said in a post on a social platform that the Strait of Hormuz is open to all ships seeking to transit this international waterway lawfully. Despite Iran’s unwarranted aggression, harassment, threats, and arbitrary statements, the U.S. military has deployed and is ready and prepared to ensure freedom of navigation. Iran does not control the strait, and traffic is passing through.

ARK Invest CEO Cathie Wood bought more shares of Coinbase and Circle ahead of the Clarity Act vote, signaling confidence in the crypto market. In ARK’s “Big Ideas,” it projects that by 2030 Bitcoin’s base price will be $700k, and in a bull market it could reach $1.5 million. The ARK Innovation ETF has also recently increased its holdings of Circle and Coinbase. The Clarity Act is intended to establish a regulatory framework and division of responsibilities for U.S. crypto, and is expected to have a positive impact on Coinbase and Circle.

Crypto market news: According to monitoring by Onchain Lens, a “big whale” deposited about $500k to HyperLiquid and opened a short position of 6,914 ETH with 25x leverage. The position value is about $12.43 million, the opening price is $1,790.36, and the liquidation price is $1,825.58. Currently, the unrealized loss is about $50.7K, and it is only 1.55% away from the liquidation price.

CoinDesk News: Iranian Foreign Ministry spokesperson Bagheri: Iran will not allow verification of facilities damaged by attacks by the United States and Israel; UN Security Council Resolution 2231 has effectively lost legal effect.

The Federal Reserve’s July report says inflation rose again: in May, total PCE year-over-year was 4.1% and core PCE was 3.4%; tariffs, Middle East energy, and AI-related demand lifted prices. In June, the unemployment rate was 4.2%, and first-quarter GDP annualized grew 2.1%. Since the start of the year, the FOMC has kept interest rates at 3.5%—3.75%, emphasizing achieving price stability. The outlook shows PCE and core PCE inflation in 2026 at 3.6% and 3.3%, respectively; the median year-end interest rate is 3.8%, higher than the March forecast.

Coin Jie News: PepsiCo CEO: The Iran war is causing natural gas prices to have a global impact.

CoinWorld news: The supply of Bitcoin and Ethereum on exchanges has dropped to historic lows, but a market rebound is not necessarily imminent. According to data from blockchain analytics firm Santiment, BTC and ETH supply on exchanges have fallen to 6.6% and 4.3% of their circulating supply, respectively. Although this metric was once seen as a bullish signal, some industry observers believe that with the rise of institutional custody, this interpretation has become outdated. Santiment noted that a sustained decline in exchange supply typically heralds a multi-quarter bull market phase, but the market has yet to reach that point.

My First Trading Loss — The Lesson That Shaped Everything
#我的Gate交易时刻
Before I ever made serious money in trading, I earned my first real income through content creation. Around $40 to $50. It wasn't much, but it was mine. And I decided to put it to work in the market.
I had 3 to 4 trades open. I felt confident. I had done my research. I had the experience, or so I thought.
Then something shifted in the U.S. market. A macro event hit. And within what felt like minutes, every single one of my positions went red. Back to back to back to back. My entire first earnings were gone.
It was heartbreaking. Not just because of the money, but because I realized that in trading, experience alone doesn't protect you. Market conditions don't care about your preparation.
But here's what that loss gave me:
✅ Respect for risk management
✅ The discipline to never overexpose a position
✅ The understanding that macro events are always a factor
That one moment of pain became the foundation of how I trade today.
If you have ever lost your first earnings in the market, you are not alone. That heat taught me more than any profit ever could.
What was YOUR defining trading moment?
#我的Gate交易时刻 #MyGateTradeStory

State Street Launches State Street Stablecoin Reserves Money Market Fund (SSCXX), Offering Reserve Asset Parking Tools for Stablecoin Issuers. The fund is initially supported by investments from State Street Bank and Trust Company and Anchorage Digital. SSCXX is a Rule 2a-7 government money market fund, primarily investing in cash, short-term U.S. Treasury securities, repurchase agreements, and other cash equivalents, aiming to maintain principal safety, daily liquidity, and a $1 share price. (The Block)

U.S. manufacturing in May once again stalled after four consecutive months of growth, weighed down by supply chain disruptions and rising costs triggered by the Iran conflict. Monthly industrial output remained essentially flat, with utilities and mining industries growing slightly by 0.1%. Earlier surveys indicated that manufacturing demand rebounded due to the war, with increases in defense orders and data center construction, but the impact of rising costs has begun to show. Another report showed that the Producer Price Index (PPI) in May reached a year-over-year high not seen since 2022. Durable and non-durable goods diverged, with non-durable goods declining, while data center-related industries, along with computers, electronic equipment, and machinery, continued to expand.

$TON ANALYSIS
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$TON/USDT lost the $1.75 base flagged in the previous analysis and unwound straight into the macro ascending trendline from the April low, wicking $1.48 before sharp buyers stepped in and reclaimed $1.70. Price now sits at $1.732, sitting just above the trendline that has defined the entire two month structure. The pullback was deeper than expected, but the trendline held to the tick, the higher low sequence remains technically intact on a closing basis.
Holding above $1.65 on a daily close keeps the broader bullish structure alive and sets up another attempt at the $2.00 to $2.10 supply zone. Reclaiming $1.85 reactivates the bullish leg toward $2.30 and a retest of the $2.90 high. A daily close below $1.48 breaks the trendline definitively and shifts the bias to a deeper unwind toward the $1.30 base. The chart gave us a textbook trendline retest, the bounce needs follow through, watch how price handles the $1.80 level on the way up. Patience in chop pays more than conviction in range.

CryptoWorld News: HYPE long positions' unrealized profits have narrowed to approximately $31.92 million (+187.15%), with the current price at $61.81, a liquidation price of $54.22, and a position size of about $85.3 million. This address heavily increased its long positions before HYPE was listed on Robinhood and is now the largest HYPE long holder, having previously suffered significant unrealized losses.