Let's talk about the market (evening of August 21)

#优质内容打榜# First, congratulations to the fans following OKB, who bought OKB at an average price of 98U before, as it has now surpassed 200U. Although the multiple increase isn't significant, it's rare to encounter an opportunity where mainstream coins can double in a few days over the span of several months, and we successfully seized it! Just yesterday, when the price was hovering around 130, I still emphasized in the group that "OKB can still rise, it will continue to rise." Even if one entered the market at that time, there would still be a 50% profit today.

Friends with profits suggest to first withdraw part of the principal and let the profits run. For friends who haven't entered yet, you can wait for the OKB pullback next, and it's also possible to add a bit of light positions, after all, the momentum of hitting a 100% profit in 8 days should be able to continue for a while.

Recently, the OK chain has been very hot, and everyone is playing with the dogs, which is somewhat similar to the previous SOL and BNB. This is worth paying attention to, but it's still best to only invest 1/20 of your OKB to have some fun (most good market conditions happen at midnight, and foreigners are quite crazy). It's about taking small risks for big rewards, but remember not to bet too much valuable currency on the big dogs, and I don't recommend friends without experience in this area to participate.

Recently, the popularity of platform tokens has skyrocketed. Playing on Gate, based on past experience, our GT can be strategically allocated with a small position, because GT is continuously being burned, which reduces its circulating supply. Naturally, the asset value for those holding GT rises. Now, holding $GT is not like buying a lottery ticket, but rather a "long-term pass." With it, you can participate in more activities and gain more rights. Waiting for the next burn might bring you a big surprise.

Many people are worried that altcoin season won't come, but the wind has actually started to blow. Altcoins are rising along with the rebound of ETH, and the certainty is relatively high. It was previously suggested to buy on dips: ETH, LINK, AAVE, UNI, ENA, SOL, etc. In fact, there aren't many quality assets, but these can indeed be focused on. Compared to their positions in April, they have all at least increased by over 50%.

After ETH rises, the market attention should shift back to mainstream coins like SOL, and there will be a demand for catch-up gains. The season of altcoins flourishing will definitely come, but the growth rate won't be as explosive as the previous bull market, which would sometimes see tenfold or hundredfold increases. However, a relative position prediction of 3-5 times should be achievable for most mainstream coins.

I don't understand those very professional analytical skills; I simply judge based on the logic of playing with coins over the years. If there is no altcoin season in the future and the entire crypto space is only about institutional speculation, then crypto users will only flow out without inflow. I believe this is not the situation that institutions and exchanges would like to see!

BTC belongs to the world, only altcoins belong to retail investors. Every country needs retail investors, and every financial market needs "chives". Following the logic of letting you eat your fill while continuously working for top-tier capital, there will definitely be a season of altcoins!

Of course, if you are willing to follow me and spend a small amount of 0.3GT to subscribe, I will do my best to give you a return. Long-term renewals will also have a 10% discount! In the future, I will regularly share valuable timely information I collect, high-risk-reward wealth codes, and my personal trading insights in live broadcasts and dynamic articles. For just a few dozen bucks a month, you definitely won't lose or be taken advantage of!

Let’s continue talking about BTC and ETH. During today’s live broadcast, everyone saw the volatile market. The risk of entering the market now is very high, and both long and short positions could be liquidated. If you are not a professional trader, I sincerely do not recommend day trading, especially on the 5-minute and 15-minute charts. Even if you have strong execution skills, the back-and-forth stop losses will deplete a significant amount of your capital.

After Bitcoin dropped to around 112,000, it rebounded. Currently, it is under pressure from EMA21, with both the rebound amplitude and volume being relatively small, indicating that the buying at this level may not be that strong. The overall 4-hour structure is bearish, but movement can go both ways here. It faces resistance at 114,500; if it can't break through, it will continue to test the support level at 112,000. If it breaks through, there will be a rebound testing the resistance level at 116,700.

Suggested Strategy:
A. Continue to implement the "short long" strategy, long positions can only be entered below 112000 (short long)
B. The previous high position of 110500-112000 is a key support level. It must hold for a rebound to occur. If it breaks down, the decline level will expand, and we will see BTC below 100,000.
C. The important resistance zone for the 4-hour range is above 118000. If the price reaches this level, a long-term short position can be established.

Ethereum's non-zero addresses have recently hit a historic high again, indicating that many retail investors have been bottom-fishing ETH again. While they may not be able to afford 1 BTC, most retail investors can likely buy 1 ETH. Today, Ethereum tested support again and then started to rise, with a bullish alignment appearing on the smaller time frames. The daily chart shows a bullish engulfing candle, but currently, Ethereum is facing horizontal resistance and trendline pressure, leading to a retracement structure.

Although the first breakthrough of ETH failed, it's not advisable to chase after it at the lower levels. The suggested strategy is: if it pulls back to the 4160-4070 range, it would be a good opportunity to go long, then look forward to a breakthrough of the recent high to complete the recovery uptrend, with a stop loss placed around 3950-4000. #加密市场反弹#