U.S. stocks opened broadly weaker, with the Nasdaq and storage sector seeing notable pullbacks. With the Jackson Hole speech approaching, funds are taking profits on growth stocks and moving into safe havens ahead of time. The technology sector is under short-term pressure, and subsequent moves will depend primarily on the policy tone set by the speech. Bitcoin sentiment is linked to that of technology growth stocks. A sell-off in U.S. stocks will suppress market risk appetite and increase market volatility. Weaker equities will provide limited safe-haven support for gold, but gold prices will still depend primarily on U.S. Treasury yields, with the stock market decline having only a secondary impact. $BTC $ETH $SOL

$LA is already up 10% from our entry 🚀 Nice move so far and the momentum is looking solid. 📈 Great to see the setup playing out as expected. Stay focused, manage risk, and let the chart do the talking. Enjoy the gains, but keep an eye on the next move! 🔥$SOL #GateDebutsMOUTAIAnd9OtherA-Shares #NvidiaAndOpenAISecure12GWCompute

At $64,150, would you add to your BTC position? Look at the surface first: it has been ranging for a month, and everyone is numb. Over the past 30 days, BTC has moved from $60k to $66k, unable to move higher or lower. Retail traders are shouting, “The longer it ranges, the harder it falls,” while bulls are saying, “It’s building up for a breakout.” Yesterday’s price was $64,150, right in the upper-middle part of the range. The entire market is waiting for a direction. The daily chart is above the 20-day and 50-day moving averages ($63,800-$63,900), but the descending trendline at $64,500-$65k is directly overhead. A direction is about to be chosen. First: Rate-cut expectations are heating up, but don’t forget that the FOMC minutes are due tomorrow. July retail data was soft, while CPI was moderate (3.4%), further cooling market expectations for rate hikes. BTC rebounded from $62,600 to $64,150, and shorts were liquidated in a wave. Tomorrow (August 19), the FOMC meeting minutes will be released. There were three dissenting votes at the July meeting, favoring a rate hike, and the minutes will reveal the extent of the internal divisions. If the minutes are hawkish, this rebound could be a “dead-cat bounce”; if they are dovish, $65,000 could be pierced directly. Second: ETF inflows have turned into outflows again, so the “institutional bull market” you imagined has not arrived yet. On August 17, spot ETFs saw net inflows of $298 million, contributed by IBIT and FBTC, and the community exploded: “The institutions are back!” But year to date in 2026, ETFs as a whole are still in a net outflow position, totaling as much as $4-$5 billion. Institutions are currently doing more swing trading rather than firmly accumulating. It is true that total ETF holdings still exceed 1.2 million BTC, but the volatility in flows shows that they are also selling high and buying low. Third: Technically, the market has reached a critical point where it is “move in or fall behind.” The 4H chart is showing the initial shape of a “higher low,” while a daily close needs to hold above $64,500 to be convincing. If it breaks out, the upside opens toward $66,300-$67,000; if rejected, it could retrace to $63,000 or even $62,200. MACD is neutral, RSI is not overbought, and volume increased during the rebound but is insufficient to confirm a breakout. But the longer the consolidation lasts, the stronger the breakout can be. The bull-bear battle—judge for yourself On one side: Moderate CPI + weak retail sales, with rate-cut expectations heating up $298 million in single-day ETF net inflows, easing selling pressure The daily chart above the 20-day/50-day moving averages, stabilizing in the short term The initial shape of a higher low on the 4H chart, with the range tilted upward On the other side: Tomorrow’s FOMC minutes could be hawkish (three votes against a rate hike) ETFs as a whole saw $4-$5 billion in net outflows in 2026 The $64,500-$65,000 descending trendline is capping the price The weekly chart remains in a corrective structure, with no confirmed reversal Key levels Upside resistance: $64,500-$65,000 → $66,300 (100-day moving average) → $67,000-$69k Downside support: $63,800-$63,000 → $62,600-$62,200 (strong support) → $60,000 Trading strategy Range strategy: Try a small long position on a pullback to $63,000-$63,500, targeting $64,500-$65,000, with a stop-loss below $62,200. Reduce your position or try a small short position around $64,800-$65,200 on a rebound, targeting $63,800-$63,000, with a stop-loss above $65,500. Breakout strategy: If the daily close holds above $65,000 and a retest holds, go long toward $66,300-$67,000, with a stop-loss at $64,500. If $62,200 breaks with rising volume, decisively follow the short side toward $60,000 or even lower, with a stop-loss at $63,000. Reduce your position before and after tomorrow’s FOMC minutes. Dovish → short-term bullish, with a high probability of a breakout; hawkish → beware of a pullback. Don’t bet on the direction—wait for the result and then follow. BTC now looks just like that period of sideways trading in March 2024— $69,000 ranged for 21 days, everyone called it “garbage,” and then one big bullish candle pierced up to $73k. The difference is that the breakout came after that consolidation. What about this time? After a month of ranging, you are not waiting for a direction—you are waiting to see whether you lose patience and cut your position first. Is your current position long or short? At $64,150, do you dare chase? #我的七夕交易分享 #Gate事件积分系统上线 #Gate7天净流入全球Top3 $BTC $ETH $SOL