Post

BTC 84440, Ethereum 2714, SOL 120.47. Bitcoin peaked at 85242 then dropped back down; looking at the MACD, there's already a death cross, indicating a clear lack of short-term bullish momentum. On the news front, it's said that Bitkub co-founder’s associated wallet sold 139,600 BTC four weeks ago. Whether true or not, the high levels are just oscillating, and everyone chasing the highs got trapped. Ethereum is following Bitcoin, hovering around 2714, with a high of 2742. According to news, Robinhood Chain’s on-chain Gas revenue in August was $6.6 million, so the ecosystem is indeed active, but the price is still dragged down by Bitcoin. SOL is the brightest star today, hitting a high of 122.20, currently at 120.47, rallying over 3 points against the trend. StonkFun announced the burn of 18% of STONK tokens, a deflationary benefit that directly ignited sentiment. SOL has been performing much stronger than Bitcoin and Ethereum recently, with an increasingly independent market vibe. But I absolutely won’t chase the highs; this market is a cure for itchy hands. Bitcoin’s support zone is between 83800 and 84000; if it holds, I’ll lightly go long with a stop loss at 83300 and a target of 85000. Ethereum’s support is between 2680 and 2700; I’ll enter there with a stop loss at 2660 and a target of 2750. SOL is the strongest; I’ll buy on a pullback between 118 and 119, stop loss at 116, target back to 122, and add more if it breaks higher.