August 23 Market Update: BTC surges to $79,000 and enters high-level consolidation, with $25.3k-level liquidity reshaping the primary uptrend】 📊 Key data today: BTC spot price: ~$77,200–$77,800 (up over 22% in a single week, surging to $79,000 before undergoing high-level rotation between $77,000–$78,000) Macro and liquidity: Expectations of a U.S. Treasury buyback program and improved liquidity continue to build, alongside anticipated policy tailwinds, pushing the global crypto market cap back above $2.53 trillion. Derivatives and ETF: Cumulative liquidations of short positions across the market exceeded $3.4 billion, while U.S. spot BTC ETFs recorded weekly net inflows of $1.45 billion, with demand for both spot and perpetual contracts turning bullish across the board. 🔍 In-depth analysis today: 1️⃣ “Massive rotation and absorption” at the $77,000–$79,000 range After completing a super one-way primary rally from $63,000 to $79,000 in a single week, the market is currently accumulating high-level positions within the dense resistance zone of $77,000–$78,500. Although some long-term holders (LTHs) have taken partial profits, support from spot ETFs and compliant over-the-counter funds has been extremely strong, with no signs of a deep sell-off. 2️⃣ Institutional funds and major altcoins resonate in a catch-up rally As Bitcoin establishes a breakout structure, core assets including Ethereum (breaking above $2,400), SOL, and Hyperliquid have posted weekly gains of 20%–50%. Market liquidity is expanding from a pure “BTC short squeeze” toward a broader increase in risk appetite across the market, while institutions remain optimistic about regulatory legislation such as the CLARITY Act and subsequent policy developments. 3️⃣ Technicals: Daily bullish divergence, beware of a weekend liquidity-contraction pullback Moving averages across all timeframes on the 4-hour and daily charts show a fully bullish alignment. RSI remains elevated and consolidating above 70, with short-term key support at the former resistance-turned-support zone of $74,500–$75,000. As long as the weekly close holds above $75,000, the next uptrend will directly open the path toward $82,000–$85,000. 📉 Trading strategy suggestions: Support: First support at $75,000–$75,500; strong support at $71,500–$72,000. Resistance: Key short-term resistance at $79,000–$80,000; major breakout resistance at $83,000. Trading approach: Spot: Hold firmly. Do not blindly fear the highs and give up cheap holdings during the early stage of the primary rally; continue holding medium- to long-term positions to benefit from the trend premium. Futures: Strictly avoid highly leveraged long positions above $78,000 or trying to pick a top against the trend. Conservative traders are advised to wait for a low-volume pullback and confirmed support in the $75,000–$75,800 range on the 1-hour/4-hour timeframe before entering trend-following longs, with a strict stop-loss below $74,000. 💬 Discussion: Bitcoin surged 23% in a single week, approaching the $80,000 mark! Do you think it will break directly above $80,000 at the start of the new week, or undergo a healthy corrective rotation in the $75,000–$78,000 range? #BTC突破$77000 $BTC ‌

This Week’s Summary & Next Week’s Market Forecast, Latest Analysis of the Evening View on August 23 Once a trend forms, it will not change easily. Looking back at this week, Bitcoin rose from 62600 to 79555, with a maximum weekly gain of nearly 17,000 points, marking its strongest weekly gain since March 2023; Ethereum moved in step, rising from 1868 to around 2549 this week, with a maximum gain of 680 points. The bullish momentum was unstoppable. This week’s movement showed a strong one-way upward trend, with bulls comprehensively overpowering bears. From Monday to Wednesday, prices maintained a small and gradual rise, before surging dramatically on Wednesday night and continually refreshing new stage highs. The rally continued until Friday afternoon, when it reached a high of 79555, followed by a slight pullback over the weekend and entry into a period of range-bound consolidation. Reviewing this week’s Zhilan live-trading setup, the overall strategy followed the trend and focused mainly on long positions, with the strategy consistently signaling a bullish outlook. Bitcoin captured a total of 17,157 points for the week, while Ethereum likewise captured 622 points, securing most of the profits from this rally. Only a lightly positioned exploratory short over the weekend hit its stop-loss and exited. Congratulations to those who followed this week and made substantial profits. Trading can never achieve a 100% win rate; capture the certain profits in line with the trend and maintain your rhythm. The upward trend structure across all time frames remains intact, and the bullish performance is extremely strong. The current range-bound consolidation is merely a normal adjustment during the rise and is not yet enough to alter the overall structure. The weekly chart closed with a solid bullish candle, decisively breaking through the long-term resistance zone and ending the consolidation pattern of the past two months. The large bullish candle has opened up further room for an upward move. Daily chart: After consecutive bullish candles pushed prices higher, a candle with an upper wick formed, indicating short-term selling pressure above. However, no consecutive bearish reversal candle pattern has formed, and most of the gains remain intact. On the daily chart, 74200 is the key support level. If three consecutive daily candle bodies can hold above 74200, the daily uptrend will officially begin, with further upside toward the previous large consolidation range of 74000-82800. Once 82800 is effectively broken, it will confirm the return of a new bull market. 4-hour chart: Prices rose through consecutive bullish candles without looking back. The pullback after the surge is part of a consolidation structure. Although a false breakdown with a wick occurred over the weekend, the market quickly returned to trading within the range, without forming a sustained decline. All EMA moving averages are fanning upward, which is a typical bullish trend signal. The support zone below is 67300-66300 (EMA200 daily moving average). As long as support holds, this bullish trend remains very healthy. Any short positions can only capture pullbacks and should not be held as a broader directional trade. In an uptrend, do not call the top. Once the range-bound consolidation has completed its buildup, the market is expected to continue its bullish advance next week. Bitcoin: Targeting 80000, breakout targets 82800→84000 Ethereum: Targeting 2750, breakout targets 3000→3300 #ETH突破2400美元 $BTC ‌$ETH ‌

I just hit refresh, and it shot up as if I had startled it. When the early-session dump had just begun, $PRL bounced back to 0.33936. Volume didn’t expand, but selling pressure was heavy. Seeing this price action, I immediately went short without hesitation. It has now slid down to 0.22741, with +649.54% secured. This sell-off was swift and decisive, with no dragging things out. It feels great—everyone on board should be laughing themselves awake. I’ve closed 70% and put it in my pocket, while protecting the remaining 30% at the entry price and letting it run on its own. Have a strategy before the session and discipline during it. Hold as long as the trend remains intact; get out when it breaks down. Don’t fall in love with the market. For those who haven’t gotten on board yet, take it from me: chasing a trade can easily leave you stranded at the top. Wait for the next shot before making a move. There will be more opportunities. $ADA $BTC