Bitcoin consolidates near $78,500 as the market awaits Nvidia’s earnings report Bitcoin is currently fluctuating narrowly around $78,500, down 0.3% over the past 24 hours but still holding above $78,000. Gold has pulled back about 1% but remains above $4,600 per ounce. The U.S. Dollar Index has risen above 99, Treasury yields have moved higher, and stocks opened weaker, indicating that investors are reducing risk exposure ahead of key events. Market focus is centered on Nvidia’s earnings report, due after the U.S. stock market closes on Wednesday. As a core company in the artificial intelligence sector, its results are widely viewed as a key catalyst for reigniting enthusiasm for technology stocks. Meanwhile, the July core PCE price index was broadly in line with expectations, and the market reaction was muted after its release. Traders are currently pricing in about a 40% chance of a 25-basis-point Federal Reserve rate hike in September. Elsewhere, Zcash pulled back about 7.6% after its spot ETF listing, reflecting profit-taking following its rapid earlier rise. The broader crypto market has entered a consolidation phase after a sharp weekly rally. In short, Bitcoin has entered a wait-and-see period following its previous surge, with its short-term direction likely to depend more on the earnings performance of major technology companies and subsequent changes in macro expectations. $BTC ‌

Overall assessment: The bullish trend remains intact (still holding above the EMA50 and EMA200), but is facing dual pressure from the key $83,000 resistance level and extremely greedy sentiment in the short term. The PCE inflation data to be released tonight and the upcoming Jackson Hole central banking symposium may become key variables triggering a directional choice. Simply put: The broader trend is bullish, but there is a risk of a short-term pullback; $83,000 will be the deciding level. #BTC回调至79000美元 $BTC

8.26 Intraday Bitcoin and Ethereum Market Summary Intraday volatility was fairly substantial today. BTC fell from around 79,500 to around 77,800 in the early morning before briefly finding support, then rebounded to around 79,200 in the morning, where it stalled, and declined again from the highs. The market then continued to trend downward, with short-side volume being released in coordination, repeatedly testing support around 78,000. Finally, after the U.S. stock market opened in the evening, it fell to around 77,600 and is currently fluctuating slightly around the 78,000 level. ETH’s overall intraday volatility was not as significant. Apart from falling from 2,484 to 2,412 in the early morning, covering a 72-point range, the market subsequently engaged in a long-short tug-of-war within the 2,475–2,440 range. Compared with BTC, ETH’s long side was somewhat stronger, and the pullback trend did not proceed smoothly, though the impact from the longs remained limited. The strategy we followed today is progressing steadily, with a short-term bearish bias while we wait for the market to give us a signal. The short position entered earlier around noon successfully took profit during the evening pullback. The swing move is not developing that quickly yet, so we will continue with short-term follow-ups. $BTC #英伟达财报周 $ETH