1. Key News Today
1. Macroeconomic – Federal Reserve
The Jackson Hole meeting delivered a hawkish tone, stating inflation has not yet reached the target. Probability of a rate hike in September has increased significantly, putting pressure on risk assets. The market saw concentrated long position liquidations, with BTC and ETH correcting in tandem. US Treasury yields rose, short-term suppressing overall crypto market valuation.
2. ETF Institutional Funds
The BTC spot ETF ended nine consecutive days of net inflow, shifting today to a slight net outflow. The ETH spot ETF continues to see consecutive net inflows, indicating strong institutional appetite for Ethereum allocation, and capital rotation is evident.
3. Regulatory Updates
The US CLARITY Act review is postponed until September, with low probability of short-term approval. The SEC’s crypto asset fundraising exemption proposal is moving forward. Overall, regulatory uncertainty remains, and no major positive developments have materialized.
4. On-Chain Hot Topics
The Solana community passed a supply reduction proposal; on-chain fundamentals are positive but the market did not immediately react. Overall, risk aversion in the market is rising, with most altcoins weakening alongside the broader market.
2. Market Overview
Total market capitalization: $2.72 trillion. The overall market fell in the past 24 hours, BTC leads the market direction. The market is in a correction and recovery phase, with short-term bearish volatility, fierce battle between bulls and bears, frequent leverage liquidations—not suitable for heavy positions.
3. Intraday Reference Levels for Major Coins (USDT, for technical education only)
BTC (Bitcoin)
• Current reference price: $77,600–$77,900
• Support: First support $76,800; strong support $75,200
• Resistance: First resistance $79,400; strong resistance $81,000
• Strategy:
1. If retesting $76,800–$77,000 and stabilizing, try small long positions, stop-loss below $75,800, target $79,200–$80,800
2. If rebound fails to break $79,400, consider shorting, stop-loss above $81,300, look for $77,000–$76,800
3. If $76,800 is breached and fails to recover, do not bottom-fish, wait and observe around $75,200.
ETH (Ethereum)
• Current reference price: $2,430–$2,445
• Support: First support $2,400; strong support $2,360
• Resistance: First resistance $2,485; strong resistance $2,540
• Strategy:
1. If retesting $2,400–$2,410 and stabilizing, try small long positions, stop-loss below $2,350, target $2,480–$2,530
2. If rebound runs into resistance at $2,485, consider shorting, stop-loss above $2,550, look back to $2,410–$2,400
3. If $2,400 is breached effectively, stay mainly on the sidelines and avoid premature bottom-fishing.
SOL
• Current reference price: $103–$104
• Support: First support $100.5; strong support $97.2
• Resistance: First resistance $107.3; strong resistance $111
• Strategy:
1. If retesting the $100.5–$101 zone and stabilizing, try small long positions, stop-loss below $96.5, first target $107, breakout look for $110–$111
2. If rebound fails to hold above $107, do not chase highs, consider shorting, stop-loss above $112, look for pullback to $102–$100
3. If $100 is breached and fails to recover, avoid long positions, wait for a deeper correction.
