Bitcoin surged to 81,500 earlier, while Ethereum touched a high of 2,566. The sharp rally created substantial room to the upside, but after reaching a high, prices did not continue surging and instead pulled back for a correction. This was a pullback and consolidation after a major rise, not a direct trend reversal. Although prices have declined in the short term, the overall upward trajectory on the daily chart remains intact. It is simply a pause after the rally, shaking out those unable to hold their positions. The broader outlook remains bullish. This pullback is an opportunity for a second entry. Bitcoin’s upside target remains the previous high of 81,500, with further room to expand upward after holding above it. Ethereum’s target is the previous high of 2,560; a breakout would open up new upside room. The focus now is on support during the pullback. As long as key support is not decisively broken, the uptrend is not over. Bitcoin support is 76,850‑77,000, the low of this round of correction; if this level holds, the bullish structure remains intact. Short-term resistance is 79,300‑79,700. Ethereum support is 2,400‑2,410; holding this area would leave the bulls room to exert further strength, with resistance above at 2,510‑2,530. If the support range holds, the market will gather strength again and launch another attack. If support is decisively broken, the bullish outlook should be put on hold, and one should not stubbornly hold the position. 8.29 Evening Outlook Bitcoin: After a pullback to the 76,850‑77,000 range, enter after a signal that the decline has stabilized. The first target is 79,300‑79,700; after a breakout, continue looking toward the previous high of 81,500. Ethereum: After a pullback to around 2,400‑2,410, set up a position once stabilization appears. The first target is 2,510‑2,530, with the high of 2,560 as the next target.

ZEC at $840: Are you chasing or running? Look at the surface first: doubled in a week, then stalled. From August 21-24, ZEC surged almost vertically from $570 to $888, hitting an almost eight-year high. Grayscale’s spot ETF officially listed on the NYSE, the Ironwood upgrade sealed off the old vulnerabilities, and the privacy narrative was repriced. But after peaking, consecutive bearish candles followed, with $840 repeatedly caught in a tug-of-war and no clear direction. RSI fell from overbought at 88 to around 60, while the MACD histogram narrowed. The direction remains undecided. First: The ETF has launched, but you may be fooled by “sell the news.” On August 25, Grayscale ZCSH officially began trading on NYSE Arca, becoming the first spot privacy-coin ETF in the United States. Around the listing, the price hit $888, and the community celebrated: “Institutions are coming to take our bags!” But—the ETF’s initial assets were approximately $300 million, with a 2.5% fee. That is a completely different scale from the tens-of-billions level on the day of the BTC ETF launch. Institutional entry takes time; listing today does not mean an explosive rally tomorrow. Second: The Ironwood upgrade was not just about patching a vulnerability—it was about rebuilding trust. In June, a circuit vulnerability allowing counterfeit coins was exposed in the Orchard privacy pool, sending ZEC directly from $680 to $250. What happened next? The development team released a patch within 48 hours, and the Ironwood hard fork went live in July—sealing off the old pool and launching a new one, while using “revolving door” accounting rules to lock in supply integrity. The market spent three months repricing “vulnerability panic” into “the team can fix issues, and supply is trustworthy.” From $250 to $888, it rose 3.5 times. Third: The macro environment is starting to cool. BTC fell from $81,000 to $77,700 this week. Newly appointed Federal Reserve Chair Warsh struck a hawkish tone in his Jackson Hole debut: PCE is around 3.7%, and “there is still work to do.” The market raised the probability of a September rate hike, and crypto saw liquidations totaling around $490 million. For a high-beta altcoin like ZEC, when the broader market softens, its pullback is much harsher than BTC’s. You decide the battle between bulls and bears On one side: Grayscale’s spot ETF is listed, opening the institutional channel The Ironwood upgrade fixed the vulnerability and rebuilt supply trust A hard cap of 21 million, with the next halving expected around 2028 A weekly cup-and-handle breakout, flipping the top of a multi-year range On the other side: The ETF has only $300 million in assets, so short-term buying power is limited Shielded-pool adoption is only 25%-31%; the narrative exceeds the reality It rose 3.5 times from $250 to $888, leaving substantial profit-taking pressure The Fed is hawkish, and a BTC pullback is dragging down altcoins $840 sits right in the “failed retest of the previous high zone,” leaving no clear direction Resistance above: 850-860 → 870-888 (August high) → 920 → 1000 Support below: 800-810 → 780-800 (the bulls’ lifeline) → 750-770 → 720-740 Trading strategies For conservative traders: Wait for a pullback to 790-800, then try going long after a stable 4H close, with a stop-loss at 748-755. Take profits in batches: 850-860 → 880-888. Reduce your position first at 888; don’t fantasize about reaching 1000 in one candle. For aggressive traders: Only chase the breakout if the daily close holds above 860 and the retest holds 840. Targets: 888 → 920 → 1000. Stop-loss: 828-832. For short-term short sellers: If a clear upper wick and rising volume with stagnant price appear at 840-855, cautiously try a short with a light position. Targets: 800 → 780. The stop-loss must be tight: do not stubbornly hold overnight above 865. If 888 is taken out on heavy volume, admit the mistake. Invalidation conditions: If the daily close falls below 750, the medium-term structure weakens; do not buy the dip yet. If BTC loses 76000 again and accelerates lower, ZEC will likely follow. This move from 250 to 888 was a full-blown “resurrection from the dead” for ZEC— 99% of people thought “the vulnerability means it’s going to zero,” yet the ETF listing sent it to an almost eight-year high. Now that it is moving sideways at 840, it is the same familiar formula again: retail traders are agonizing over whether to chase, while institutions are waiting for a lower entry. On the day 888 breaks through, you will realize: It wasn’t that ZEC was incapable—it was that you FOMOed at the top and capitulated at the bottom every time. What is your ZEC cost basis? At 840, are you chasing or running? #Strategy股价突破135美元 #Gate’s 7-day net inflows rank among the global Top 3 #BTC returns to $81000 $BTC $ETH $ZEC

What does this $ETH move mean?