Track real-time hot topics in the crypto world and seize the best trading opportunities. Today is Wednesday, August 6, 2025. I am Wang Yibo! Good morning to all coin friends ☀️ hardcore fan daily attendance 👍 Like and make a fortune 🍗🍗🌹🌹

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On Tuesday, the three major U.S. stock indexes fell together, with the Dow down 0.1%, the S&P 500 down 0.49%, and the Nasdaq down 0.65%. The U.S. dollar index remained in a range-bound fluctuation, briefly dipping after the release of U.S. service industry PMI data, erasing most of the day's gains. U.S. Treasury yields generally rose, while spot gold showed a V-shaped reversal, ultimately closing up and reaching its highest level in nearly two weeks. The crypto market experienced a widespread decline, with Bitcoin and Ethereum turning down last night, directly dragging down the entire market. However, the support below remains evident, and the overall market is still in a tug-of-war of adjustment. During the session, coin prices once again turned V-shaped, so it is unknown how many people have fallen before dawn arrives. Pay attention to Yibo to grasp real-time dynamics.

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In the early hours, the Bitcoin price continued to dip, reaching a low of 112600, before entering a brief consolidation where both bulls and bears formed a temporary balance. As buying pressure gradually built up, the market has begun to rebound, now firmly standing at around 114000, showing signs of stabilization and recovery. The cautious sentiment in the current market is evident, as the previous bullish momentum failed to continue. The intraday trend saw a decline followed by a rise, with fluctuations easing some pressure, leading to a technical rebound. The rhythm of the bulls and bears has quietly shifted. On the 4-hour chart, the market remains in a narrow range, with prices continuing to oscillate within the channel. The forces of bulls and bears are locked in a stalemate, with the oscillation lasting a long time without forming a clear one-sided trend. The morning's rebound could not maintain its gains, leading to a weak adjustment during the day; currently, the evening's downward trend has paused, entering a state of consolidation. The short cycle still belongs to the oscillating movement, with the range of fluctuations gradually narrowing, but both bulls and bears have been given certain opportunities. The daily chart shows signs of another bearish closing, so in the short term, focus on the continuation of bearish trends before looking for bullish opportunities.

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Ethereum and Bitcoin have maintained a synchronized trend, first surging to a high of 3611, releasing a wave of bullish momentum, and then retreating to 3544 as profit-taking occurred. However, the buying support during the dip remains acceptable, and they have once again risen above 3600. In the four-hour chart, the price touched the middle band of the Bollinger Bands and stabilized, forming effective support. Each dip has quickly recovered, demonstrating that the bullish foundation is still intact and the buying power has not diminished. Looking at the one-hour cycle, the Ethereum bulls have taken the lead, and a short-term upward momentum is gradually emerging. Although both sides are still in a tug of war in the short term, the bullish forces are gradually accumulating momentum, with strong characteristics beginning to appear. Based on this trend, a concentrated bullish effort is expected, which will push the market to rebound and recover previous losses, making the recovery of the lost ground worth looking forward to. Pay attention to the recovery situation in the 3650-3680 range in the early session; if stability is maintained, there is potential to continue testing 3735 and the previous high. Otherwise, the coin price will continue to be pulled or test support points downward. #Gate ETH 挖矿年化收益 5%# #晒出我的Alpha积分# #SOL期货交易量创新高#