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Namsir
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PhoenixnewSatoshi
Signals from the funding side speak earlier than the macro narrative. The probability of a Fed rate hike in September has approached 90%, so risk assets should logically be under pressure, but $BTC, $ETH, and $ZEC have all slightly risen simultaneously. This is not the market ignoring negative news, but a short-term position game: retail investors are uniformly bearish and have pre-positioned short orders, while large funds push prices up in the opposite direction, first sweeping out the stop losses of low-level shorts, then creating the illusion that "bad news can't move the market." Once the chasing long funds can't hold back and enter, they are more likely to be the ones harvested downward. Before the decision announcement, the market often first entices longs then sweeps losses, making it difficult for both bulls and bears. $BTC resistance is between 81,000 and 82,152, support at 75,000, with a break below looking toward 73,900; $ETH resistance is between 2,600 and 2,660, support at 2,502, with a break below referencing 2,480; $ZEC resistance is between 1,092 and 1,198, extreme at 1,320, support between 1,089 and 1,102. Volatility is very likely to increase before the decision, and this rebound looks more like a bull trap, so blind chasing is not advisable. Watch more and act less, wait for trend confirmation before taking action. Risk reminder: The above is market observation and does not constitute investment advice. Crypto assets are highly volatile; please manage your position risk accordingly.
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