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🚀[Crypto Market Observation | 2025/08/02]
✨ TL;DR
The market is currently at a crucial moment of "low support + breakout pending". As long as BTC holds above 115K, the chance of a short-term rebound challenging 120K is quite high, and altcoins may even lead the rise first, triggering a holiday rally.
📊 Large Order Observation
Currently, the BTC/USDT market shows that heavy short positions have accumulated above the $120,000 level, while short-term long positions have been successively executed in the 115,000–116,000 range, indicating that the main players are actively absorbing. This week's data week has concluded, fundamental interference has weakened, and market sentiment has returned to the technical aspect. In the short term, one can look for an upward rebound, with the target being to challenge the "liquidation wall" at 120K.
📈 RSI and Altcoin Momentum
The overall RSI average is still around 36, indicating that the market is at a low level, showing that the turnover of chips is nearing its end. It is worth noting that the elasticity of small coins is stronger than that of BTC, and recently severely oversold altcoins have already shown signs of stabilization and rebound. Coupled with the changes in trading volume during the weekend holiday, if the atmosphere of altcoin season continues, altcoins may lead the way in a rebound from overselling, potentially driving the overall market to recover.
⚠️ Notes & Key Observations
🔑 Support level: BTC must hold 115,000, and if it falls below, the short-term rebound pattern will be hindered.
🔑 Resistance level: 120,000 is a concentration area for short liquidations, and a breakout may ignite an accelerated market.
🔑 Capital Flow: Observe whether funds are flowing from BTC into mainstream altcoins, such as IOTX, MEMEFI, and other coins that have recently taken the lead.
🔑 Holiday Effect: Weekend trading volume may be unstable, with more intense fluctuations. It is recommended to control leverage to avoid being liquidated.
🔑 News: Stay sensitive to regulatory and macro news to avoid sudden negative developments interrupting the rebound.
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