Secondary Market Daily 20250802

Market trend The cryptocurrency market has experienced significant fluctuations recently, with the prices of major coins like Bitcoin and Ethereum oscillating. Some investors believe the market is in a correction phase and may see a rebound; others argue that due to macroeconomic influences, the bear market will continue. Changes in regulatory policies and institutional capital movements are important factors affecting the market. It is advised that investors remain cautious and pay attention to market dynamics. Mainstream Coins $BTC Short-term bearish, the daily structure confirms a bear market, possibly pulling back to 109k. However, MicroStrategy's earnings report is strong, and institutions are increasing their holdings (Bitdeer holds 1675.9 BTC), still bullish in the long term up to 140k. Geopolitical risks (US-Russia tensions) are increasing volatility, so it's a good time to accumulate on dips. $ETH In the short term, it is bearish to $3K, the daily structure has turned bearish but the weekly remains bullish. RSI has dropped from 88 to 55, there may be a rebound at $3500 but it could potentially test the bottom again. Continuous inflow of ETFs + institutional accumulation (such as Sharplink buying $108 million worth of $ETH) support a long-term bullish outlook to $10K. The key breakout level is $4000, and the current price is suitable for gradual accumulation. $SOL Recently strong performance, with over 1M shorts liquidated at $165, indicating bullish sentiment in the market. On-chain data shows that over $690 million has been cross-chain transferred to Solana in July, reflecting strong fundamentals. In the short term, pay attention to the $165 support; a breakout may accelerate upward movement. However, caution is warranted regarding selling pressure from whales transferring to exchanges. $BNB Recently retraced below 800, the short-term oversold condition may bring rebound opportunities. However, it is important to note that the Binance ecosystem is under short-term pressure, and on-chain data and institutional holdings indicate long-term potential remains. After a sharp drop, gradually accumulating spot positions is safer, with stop-loss set below 750. Popular Coins $SUI Recently, DEX trading volume reached a new high of $14.2B, indicating the activity level of the ecosystem. However, 56.91M tokens will be unlocked in August, which may bring selling pressure. Technically, the price has retraced to the trend line support; if it stabilizes, positions can be taken. Institutional entry and the quantum computing narrative provide long-term support, but short-term caution is needed regarding unlocking risks. $KAITO The current price is $1, close to the key support level of $1.05, with a short-term rebound opportunity. However, the NFT liquidity is poor and lacks collectible value, and the staking incentives are not effective. Considering the expectations for new sectors in 2025, a small position could be taken to speculate on a rebound, but one must be cautious of the weak fundamental risks. $HOME Recently, attention has been drawn to the DefiDot V2 upgrade and the buyback plan of 125 million tokens (DIP-005). The technical upgrade (multi-chain support, mobile optimization) and deflationary mechanism (issuing 1 token to buy back 1.5 tokens) may drive the price up. The current price is $0.03, and if the activity remains hot, the short-term outlook is bullish. It is recommended to pay attention to staking incentives and airdrop participation opportunities. $JU Recently, performance has been strong, with a surge in platform users and trading volume, and the price has increased by 120 times. The latest target is set at $20, but caution is needed for short-term pullback risks. JuCoin's ability to handle crises has boosted market confidence; the long-term outlook is positive, but short-term fluctuations are significant. $PENGU Currently showing strong rebound signals, the technical 4-hour chart displays a descending wedge breakout, targeting 0.065 (+90%). The fundamentals are empowered by the Pudgy Penguins NFT brand, with community activity second only to $BONK, but attention should be paid to the risk of market pullback. Short-term support at 0.31, a breakout above 0.34 can be pursued. $HYPE Recently, the price has been quite volatile, currently at $36 after breaking below the 50-day moving average. The Hyperliquid ecosystem has partnered with OKTO to launch a trading reward mechanism, which may bring short-term demand. However, caution is needed regarding market sentiment fluctuations. If the support level of 35 holds, consider accumulating in batches; if it breaks below, then observe. The above information is automatically generated by @xhunt_ai and does not constitute investment advice.