It is simply giving the bears no chance to catch their breath! The weekly chart clearly shows that this round of strong rally has continuously broken through multiple levels, with a large bullish candle rising sharply and leaving the previous consolidation range far behind. At the current pace of the advance, if 78600 is decisively broken, the market will directly launch an attack toward 80000. This rally is gradually reversing the previously weak trend, with weekly bullish momentum continuing to build and the upward drive showing no signs of stopping. The KDJ indicator has now entered the high zone. A reminder here: after a series of sharp advances, technical indicators have entered overbought territory. This does not mean the market will reverse immediately, but a short-term pullback for consolidation could occur at any time. At this stage, do not blindly try to call the top. In a primary uptrend, resistance levels are meant to be broken. Going forward, focus on the strength of support after a pullback. As long as pullback support holds, the bullish structure will not be damaged. Above, watch the 77000 level first; after a decisive breakout by the candle body, continue to watch the 78400‑78600 range. The Ethereum outlook remains unchanged. First watch how the 2400 high is broken; once it holds, look further toward around 2440. $BTC ‌$ETH ‌

When MicroStrategy’s BTC investment was down $10 billion on paper, we were calling him an idiot; now that it has recovered its investment and is sitting on $875 million in unrealized gains, we realize that we’re the idiots.

Looking at the market’s constant back-and-forth throughout August, BTC kept washing out positions around 65,000, while ETH also kept grinding sideways without going decisively up or down, and market fear remained stubbornly high. Small-cap coins were utterly ridiculous too, rising for one day and falling for three. The battle between longs and shorts was fierce, with both sides taking turns getting harvested. On top of that, key news such as CPI, nonfarm payrolls, and A-shares kept interfering; every data release triggered wicks that swept back and forth. How many people got burned here? $BTC $ETH The market a few weeks ago was truly enough to wear anyone down. BTC hovered around 62,000 for nearly several weeks, unable to rise or fall, swaying back and forth to keep the market stable; ETH was even more frustrating, repeatedly battling around 1820, rising ten points and falling eight, with occasional wicks to sweep stop-losses. The two coins seemed to have planned it together, joining forces to test the market’s patience. Going long during that period was exhausting, while going short was nerve-racking too. Enter and you got trapped; cut your position and it bounced, slapping you in the face over and over. The community was full of bearish voices saying, “The top is formed and a plunge is coming” and “This rally is over.” Unable to withstand weeks of volatility, many people not only cut their ETH longs at 1820 at the bottom, but also closed their positions around BTC 62228.8, then turned around and tried shorting, waiting for a major drop. Ever since both coins were bottoming out, I had been convinced: sideways movement does not mean a top; it means accumulation and a shakeout. BTC held its base without breaking down, while ETH’s bottom kept rising. The longer the sideways movement lasts, the stronger the subsequent breakout will be. Put simply, it was shaking all the uncertain holders out of their positions. So no matter how violently things moved up and down in between, I held my BTC and ETH longs tightly, without wavering in the slightest. Sure enough, the market exploded over the past few days! BTC led the way with a huge bullish candle, shooting straight to 76,900 and breaking through the previous high to open up room for further gains; ETH followed with a powerful rally, surging from 1820 all the way to 2398, with gains in no way inferior, as both coins flew together without even giving a decent pullback. Those who had cut their losses or gone short are now kicking themselves, watching helplessly as the market soared, without even getting a chance to chase the rally. As the old saying goes, “The longer the sideways movement, the higher the vertical rise.” In the crypto market, this has never been empty talk. Whether BTC or ETH, what matters during consolidation has never been how great your technical skills are, but whether your mindset is stable enough. If you cannot endure the loneliness, you cannot hold on to prosperity; if you cannot hold your position, you cannot enjoy the big profits. The market always rises amid doubt. By the time everyone sees it clearly, there will be no share of the meat left for you. With lofty ambitions in your heart, endure the frost and wait for the flowers to bloom!!! Many people failed to catch the rally, then missed their chance again during the pullback. After getting trapped, they did not want to give up and simply held on; after chasing the highs, they feared taking losses, and afterward could only sigh to themselves: “Why did spring fail to arrive when I came?” Are there still not enough people like this in the market? The biggest enemy in trading is not the market, but yourself! After falling a few points, you comfort yourself by saying it is only a shakeout; after falling dozens of points, you stubbornly refuse to stop the loss; after making a little profit, you rush to dump it, then hurry to rush back in with a heavy position after missing the rally. Some people even specialize in gambling on the news: they eat well when right, get trapped when wrong, and pin their hopes on data and luck. Those who can truly endure the market’s major rises and falls understand two principles: cut losses promptly and hold on to profits; keep positions light and take profits in batches. Do not make oversized bets during data-driven moves; wait for the market to digest the volatility before deciding what to do. Keep a calm mindset, stop repeatedly refreshing the intraday chart, and stick to your own trading rules. Keep your greed in check when the market is hot, and remain patient when it is quiet. Do not get angry with the market, and do not let other people’s opinions lead you astray. Eat only the profits you can actually secure. Only by enduring volatility and holding your positions can you wait for the bull market that belongs to you. #BTC突破$75000 Water does not race to be first; what matters is flowing endlessly!