Institutions are buying aggressively, emotions are off the charts! The cryptocurrency market on August 26 and the entry strategies for three major cryptocurrencies have been released.

CN
10 hours ago

1. Today's core news in the cryptocurrency market

1. Institutional funding: Bitcoin spot ETF has recorded net purchases for 6 consecutive days, accumulating $2.26 billion, with institutional buying continuing to flow in; CryptoQuant's latest research report indicates that Bitcoin has entered the early stage of a bull market.

2. Macroeconomic environment: The U.S. Treasury's repurchase operations are pushing down long-end U.S. Treasury yields, the U.S. dollar index is weakening, the logic of "devaluation trades" is returning, and the overall liquidity environment for risk assets is improving.

3. Regulation and sentiment: The probability of the crypto regulation CLARITY Act passing is currently only 14%, with remaining uncertainty; the market fear and greed index has risen to 81, in an extreme greed range, indicating overheated short-term sentiment.

4. On-chain fundamentals: Solana's ecosystem DEX fees surged weekly, with Orca's fees increasing by 429%, significantly enhancing on-chain real activity, providing fundamental support for the SOL price.

5. Funding settlement: The total liquidation amount across the network in 24 hours is approximately $642 million, primarily driven by long liquidations, with increased profit-taking behavior in the short term.

2. Overall market analysis

This week, the overall cryptocurrency market continues to be strong, with Bitcoin's weekly line standing above the 50-week EMA for the first time in 9 months, confirming a large-scale bullish structure. However, on a daily level, BTC, ETH, and SOL have all shown varying degrees of overbought signals (RSI generally rising above 75), combined with substantial short-term profit accumulation, leading to a demand for intra-day fluctuation and pullback to digest, likely transforming the trend from a unilateral rise into a high-level consolidation.

3. Daily strategies and entry points for individual coins

1. Bitcoin (BTC)

• Key support: $78,000 (first support), $77,000-$77,500 (strong support range)

• Key resistance: $79,500-$80,000 (first resistance), $81,000 (key resistance)

Trading strategy:

• ✅ Main strategy: Buy on pullback
Entry range: $77,500-$78,000
Target: $80,000-$81,000
Stop loss: Below $76,500

• ✅ Alternative: Buy on breakout
Trigger condition: Strongly holding above $81,000
Target: $82,500-$83,000
Stop loss: Below $79,500

• ⚠️ Aggressive short (high risk)
Entry range: $80,500-$81,000 meets resistance
Target: $78,500-$78,000
Stop loss: Above $81,500

2. Ethereum (ETH)

• Key support: $2,420-$2,440 (first support), $2,334 (7-day moving average strong support)

• Key resistance: $2,510-$2,550 (first resistance), $2,600 (strong resistance)

Trading strategy:

• ✅ Stable low long
Entry range: $2,442-$2,450
Target: $2,478/$2,495/$2,525 (partial take profit)
Stop loss: Below $2,420

• ✅ Follow up on breakout
Trigger condition: Price stabilizes above $2,478 before pulling back to $2,468-$2,472
Target: $2,510-$2,530
Stop loss: Below $2,455

• ⚠️ Short-term short
Entry range: $2,550-$2,600 meets resistance
Target: $2,500-$2,450
Stop loss: Above $2,620

3. Solana (SOL)
• Key support: $93.6 (first support), $90-$90.6 (strong support range)

• Key resistance: $98.3-$99.9 (first resistance), $101.3-$104.8 (second resistance)

Trading strategy:
• ✅ Buy on pullback
Entry range: $93-$94, conservatively add positions near $90
Target: $98-$101, looking at above $104 after breakout
Stop loss: Below $86

• ✅ Buy on breakout
Trigger condition: Effectively holding above $98.3 (daily pivot point)
Target: $101.3-$106
Stop loss: Below $96
Risk disclaimer: The above analysis and strategies are for market reference only and do not constitute investment advice. The cryptocurrency market is highly volatile and influenced by multiple factors such as macro policies, regulatory trends, and capital flows. Please strictly manage your position and implement stop-loss risk control in trading.

Institutional buying spree, sentiment soaring! Cryptocurrency market trends + strategies for three major coins released_aicoin_image1

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