The Ethereum monthly TD sequence indicators have issued a buy signal. The previous three times it appeared also preceded opportunities for a sustained trend.
First, a quick primer: TD sequence is a trend exhaustion indicator invented by Tom DeMark. A “9” suggests the downward trend may be running out of steam. When this signal appears on the Ethereum monthly timeframe, historically it has matched subsequent trend reversals three times: late 2018, March 2020, and November 2022.
But don’t rush to jump in.
A monthly-level signal means the timeframe is measured in “months”—it may still take another 1–2 months before the reversal is truly confirmed. For short-term ETH, around 1726 is the nearby area; 1800 above is a key resistance zone, while 1600 below provides structural support.
The significance of this signal isn’t “it will go up tomorrow,” but rather: if you’ve recently been looking for reasons to short, you may need to rethink your approach.
Wait for confirmation on the weekly timeframe before acting. Look more, trade less.
On the daily timeframe: after BTC fell from 68,000, it formed a descending channel. However, each time it touched around 59,000 there was clear buy-side absorption. This level has been tested three times without breaking, and it has become a valid support zone in the short term.
The key issue is this: when the rebound reaches above 62,000, volumes shrink. There’s no follow-through buying—this suggests the market lacks confidence in a “breakout.” This isn’t a technical problem; it’s a sentiment problem.
Looking at on-chain data: in the short term, the cost basis of holders is concentrated around 62,000–64,000. This group is sitting on unrealized losses, and the pressure to sell upon getting back to breakeven is genuinely present. Meanwhile, long-term holders have stopped reducing their holdings since about three weeks ago—this is a marginal change, but it’s not enough to alter the trend.
The current position is delicate: below lies support at 59,000, propping things up; above 62,000, it’s all trapped capital. Unless an external variable emerges that can change expectations, the most likely scenario is continued grinding within this range.
The cooling of the AI narrative is a variable worth watching. Over the past six months, capital outflows from crypto were largely driven—or “attracted”—by AI. If that trend reverses, even partially, even a fraction of that flow back into crypto would be a meaningful incremental boost to the current market. But don’t run in just because you see signals—the market’s bottom is ground out, not guessed. Waiting for confirmation is more important than getting in early.
① On the 4H timeframe, there is a bearish divergence at the base, and the smaller cycle has rebound momentum ② On the monthly timeframe, the MACD has a bearish crossover, and the higher-timeframe direction is偏空 (bearish) ③ Over the past 72 hours, 1555 has been tested to the downside at least 3 times and then reclaimed—there is buying support at this level
Contradiction point: The signals from the small timeframe and the large timeframe point in opposite directions.
Key levels: 1595 is the short-term support boundary. 1555 is the medium-term defense level. If it breaks below 1500, support below is at 1440-1400-1300.
① The 4H rebound structure has not yet reached the first resistance at 62200 (short by 866 points) — the rebound strength is weak ② The 8H EMA52 is at 60452; when the price rebounds to this area it falls back — EMA52 is effectively suppressing ③ A new monthly cycle has begun; historically, early-month candles are more likely to first rise with a long upper wick, then pull back
Current Observation: 59550-59330 is the long/short boundary. A break below ends the 4H rebound structure. The monthly zone 63596-65103 is the next key area to watch.
Strategy Unchanged: Don’t chase, don’t guess—wait for confirmation within the range.
4H timeframe: BTC is rebounding, approaching the 8H EMA52, but it has not touched the first resistance at 62200. The rebound strength is relatively weak.
Strategy logic: Hold the 605 short position; the stop-loss has not been triggered yet. The weak rebound supports the bearish direction.
Today’s structure: Support at 59550-59330 is the short-term pivot between bulls and bears. If this level breaks down, the 4H rebound structure will end and more downside space will open up. If it does not break, then we continue to watch the resistance zone at 61500-62200.
Monthly chart logic: The July monthly line is newly opened. Current structure suggests that price may first push up with a long upper wick, then continue to fall. Monthly-level resistances are 63596-64301-65103—consider monitoring them in batches.
Trading approach is not guessing direction; it’s identifying key levels and then waiting for the market to choose.
Tonight, let’s review a very interesting phenomenon: ISM 54.0 + JOLTS 7.59 million—both far above expectations, yet risk assets don’t fall but instead rise.
BTC broke below 59,000 and closed at 58,792. During the day, it drifted lower from the morning around 59,600 all the way to the close, ending down 1.5% for the day. It’s been three straight down days, falling from 60,000 to 58,700. Volume is shrinking—this is a step-down on lower volume, lacking buy-side momentum. It’s not a high-volume sell-off. Watch the 58,500 support—this was the low before June 15. If it breaks, the next target is 57,000.
ETH at 1,576, and the ETH/BTC ratio is 0.0268, which is weak. SOL at 75.51 saw a slight rebound, but it doesn’t have an independent trend.
Today’s market: ① Korea’s KOSPI -2.04%, while Japan’s Nikkei is +0.59%—Asian markets are mixed ② DYDX fell from 0.21 in the afternoon to 0.197; profit-taking pulled out early ahead of the news ③ Burry shorts CAT, and discussion about AI valuation bubble heat is increasing
Strategy: Wait for BTC to confirm the 58,500 support. If it holds, try a small long position with light sizing, and set a stop-loss at 58,100. If it breaks below 58,500, reduce exposure and stay on the sidelines, then watch for 57,000. Tomorrow morning, DYDX news will be released—be mindful of correlation risk. Keep position size below 30%.
The distribution of the top ten hot searches today says a lot: DYDX (178 accounts, +34%) and BASED (692 accounts, +35%) lead the pack, while the other eight are all down.
This shows two things: ① Funds are concentrating into a few hotspots, not fully reverting across the board ② The cost to pump small-cap coins is low, and once you jump in, turning around is quick
From a trading perspective: DYDX is currently $0.21. It has surged violently for two consecutive days and has already entered a high-risk zone. Tomorrow’s news will be the tipping point—if the upside is beyond expectations, there may still be room; if it’s just a routine update, it will most likely be “priced in” and you should leave. Don’t chase at the current price. If you want to play, wait for the news to come out.
XRP, HYPE, and DOGE are all slowly trending down, and overall market sentiment is weak. At this stage, it’s not suitable to heavily position in any direction.
Strategy: watch more and act less. Don’t chase hotspots—wait for confirmation.
Market: BTC is trading in a tight range around 58,600. The on-chain supply surplus of $4.4 billion is still not fully digested, and institutional buy pressure is weak. 58,600 is the key near-term support; if it breaks, look for the 56,000–57,000 range. Above, the round-number 60,000 level needs a breakout on meaningful volume to be meaningful—otherwise it’s just a false breakout. ETH is even weaker. The FG Nexus has cleared 51.2万 tokens, leaving the position at a loss of 86.6 million, which is a signal—whales are actively de-risking. If 1,573 can’t hold, the next decent support is around 1,450–1,500.
Strategy: The core at this stage is to do less. Small spot DCA is fine; just hold if you can. Absolutely do not try to bottom-fish on the left side, especially for ETH. Wait for two signals: either institutional capital returns (watch ETF net inflow data), or BTC stands above 60,000 on high volume to confirm a trend reversal. No rabbits, no scattering of hawthorn seeds.
BTC broke above 60,000 in the afternoon, dipping to around 59,200 at the lowest, and is now hovering around 59,300. ETH fell from 1612 this morning to 1584, while SOL dropped from 75 to 73.6. All three are down about -1.5% to -2%. Volume is not large—this looks like a slow, bearish drift (a gradual decline), not a strong selloff.
Earlier we said BTC had been consolidating around 60,000 for a week waiting for a breakout, and now the direction is clear—downward. But it’s not a breakout on heavy volume; it’s a shrinking-volume bearish drift. It looks more like long-side stop-loss liquidation slowly getting cleared, rather than an aggressive,主动 sell-off. Support to watch below is 58,500–59,000, the prior-lows support zone from mid-June. If this level breaks again, the next target is 55,000.
On the upside, near-term resistance is back at 60,000–60,500. Only after reclaiming 60,000 will there be a chance for improvement.
In terms of trading, we stick to the morning view: don’t act unless there’s confirmation. If 58,500–59,000 holds and you see a high-volume bullish candle, you could consider initiating a small position. Entering now is a gamble, not trading. On-chain data isn’t bad—long-term holders have returned to 16 million BTC. The Ethereum Foundation has started locking/escrowing for staking—structure is improving, but the price hasn’t caught up yet. So give it a bit of patience.
BTC has been consolidating around 60,000 for a week. Trading volume is getting smaller and volatility is dropping, which is a typical pre-breakout signal.
Two things this week will determine the direction: first, whether the 165 billion yuan sell-pressure from institutional rebalancing can be absorbed; second, although Strategy is only authorized to sell coins and won’t actually sell, its impact on market confidence is already there.
Wait for the direction to become clear before acting. If 60,000 holds, we’ll see a range of 62,000–65,000. If it doesn’t hold, the next stop is 55k. Right now, being in cash is more proactive than holding positions.
BTC current price is 59,764, trading in a tight range of 58,500–60,000 throughout the day. Around 2:00 PM there was a slight pull-up, lifting from 59,100 to around 59,900, but with low volume. Resistance at 61,000 is effective (MA30 + a dense chip area). Support near 58,000 is short-term. Strategy: go lightly long near the 5-day line, with a stop-loss below 58,000. Don’t heavily bet on a breakout from this spot— the direction hasn’t emerged.
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ETH at 1,571 is even weaker than BTC today. The ETH/BTC ratio is grinding around 0.0263, and the altcoin season is still a long way off. 1,500 may be a “hard floor,” but don’t rush to catch the dip—Ethereum has no independent catalyst; if BTC doesn’t move, ETH won’t either. Strategy: continue to stay on the sidelines.
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SOL at 72.68 is relatively strong this afternoon. A whale bought $17.06M at an average price of $72.6, and the SOL/BTC ratio is slightly trending upward. The 65–75 range thesis remains unchanged, with a stop-loss at 65. In the short term, watch whether meme hype and on-chain activity can keep going—Solana’s vitality depends entirely on on-chain heat.
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In its afternoon report, Grayscale laid out two possible paths for a BTC bear market—macro panic dragging everything down vs. decoupling from “digital gold.” The market’s near-term direction depends on whether this week’s U.S. stocks can hold key levels. July–October is marked by multiple institutions as a turning-point window, and this consensus is worth paying attention to. Strategy unchanged: keep a 30%–50% position size and wait for direction confirmation; don’t bet on a one-way move.
① ANSEM +96%:Up +765% in the morning, then pulled up another +96% in the afternoon, accelerating toward the top formation. The #1 spot’s address hasn’t sold yet but could dump at any moment. This kind of trade isn’t for me—just watching the show
② RAVE +80%:Sudden listing with relatively thin volume (56M), seemingly event-driven. The continuity of the DAO narrative is still questionable, so I won’t chase
③ SLX +18%:From +3% to +18%, with 160M volume holding it up. It’s an accelerated move, but it hasn’t hit the limit yet—watch to see if it can break the previous high
④ SYN +15%:Connect it with the morning—two consecutive volume surges on the cross-chain narrative. There’s capital continuously accumulating. Market cap 292 and a low-price zone; the risk-reward ratio is acceptable
⑤ VELVET +6%:A new face makes the board, market cap 86, on the higher side for the mid range. Need more data to confirm
⑥-⑩ Sideways group:PENGU/AAVE/HYPE/MON/ADA are all on the hot search but not moving up. Especially HYPE (390M volume) and AAVE (300M)—large caps holding on the hot list are building momentum; it’s more informative than watching small caps pump
Summary:Today’s hot search is ANSEM’s solo show. The rest either follow higher or go sideways. Don’t get led around by the hot-search ranking—trading volume is the real signal
🔥 Hot Search TOP10 Quick Report: ANSEM 7x in a day—some quietly build size, others reduce size and play dead. Who’s really moving? Who’s just performing?
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① ANSEM +765% The Black Bull, ranked #552 by market cap Current $0.0876, volume $88M Turned 7x in a day. KOL Ansem himself shouted that he’s pumping himself—top holder with an unrealized profit of $55M. Textbook-style trading—problem is, once you understand it, do you still dare to follow?
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② SYN +30% Synapse, ranked #286 by market cap Current $0.3954, volume $98M A cross-chain protocol suddenly caught the attention of capital—volume is pushing toward 100M. Not random luck—someone on-chain is quietly accumulating.
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③ SLX +3% Solstice, ranked #201 by market cap Current $0.5642, volume $170M 170M volume paired with only a 3% rise—quietly building size. This kind of market is the scariest: either they’re saving a big move or just holding in gas.
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④ PENGU -3% Pudgy Penguins, ranked #120 by market cap Current $0.006036, volume $42M The penguin is still trending on hot search—price hasn’t risen, but the buzz hasn’t cooled. In the NFT sector, if there’s even a spark here, it would likely be the first one to get ignited.
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⑤ MANTA +4% Manta Network, ranked #497 by market cap Current $0.0865, volume $165M Privacy L2 suddenly back from the dead? Market cap is bottom-tier, but volume is explosive compared to its peers—there’s a “building positions at the base” vibe.
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⑥ PUMP +5% Pump.fun, ranked #95 by market cap Current $0.001429, volume $101M The meme-launchpad became a meme itself. As long as the altseason doesn’t show up, PUMP’s narrative still has room—gamblers never clock out.
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⑦ NEAR -5% NEAR Protocol, ranked #38 by market cap Current $1.81, volume $209M 200M volume plus a 5% drop—someone is unloading. The AI-chain narrative is still there, but the chips are changing hands. At this spot, don’t rush to catch.
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⑧ DOGE -3% Dogecoin, ranked #11 by market cap Current $0.0725, volume $446M The dog is completely unmoved. 440M volume hovering with a -3%—it suggests nobody is dumping and nobody is pumping either. Everyone is waiting for the big brother to make the first move.
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⑨ VVV -4% Venice Token, ranked #92 by market cap Current $13.11, volume $15M An AI-concept coin—lower volume, drifting down. 15M volume isn’t enough even to pull a move, let alone for cutting losses. Wait for a volume expansion before deciding.
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⑩ TAO -3% Bittensor, ranked #41 by market cap Current $204.34, volume $90M The AI infra leader is grinding around $200. Volume of 90M is lukewarm—not exciting. If it hasn’t broken $200, don’t shout “buy the dip” yet. Watch the show first.
BTC current price is 59,375. MVRV has dropped below 1.8; historically, the buy-win rate in this range isn’t low. But above 61,000, there’s a double pressure: the MA30 and a dense chip/position area. Without breaking upward with volume, you can’t really call for a reversal. Below 58,000 is short-term support; if it breaks, then look at 56,000. Strategy: lightly go long around the 5-day moving average, with a stop loss placed below 58,000. Don’t bet on the direction—wait for signals from the U.S. stock market.
ETH 1566. Ethereum is genuinely weak. As long as BTC hasn’t broken 60,000, ETH will just stay pinned here. The ETH/BTC ratio is 0.0264, compared to 0.031 one month ago—capital is systematically pulling out altcoins back into BTC. 1500 is strong support; if that level breaks, the situation for ETH will look very ugly. Short-term strategy: don’t go long, don’t go long, don’t go long. Prefer to wait until BTC confirms direction.
SOL 71. On-chain data is fairly flat; the 24h DEX trading volume hasn’t shown a clear increase. Meme interest is still there, but SOL itself lacks an independent narrative. Trade mainly in the 65–75 range; if it breaks 65, cut losses.
This week’s key variables: the three conditions from Bank of America’s warning are accumulating. Whether the S&P can hold is the key. If the U.S. stocks develop a clear direction this week, crypto will follow. Until then, stay mostly on the sidelines, and keep position size within 30%.
$BTC Afternoon recap: BTC is trading at $60,380, still oscillating within the $58,200–$60,940 range. Liquidity is thin over the weekend. This week is packed with “super data.” Nonfarm has been moved up to Thursday, alongside escalating tensions between the U.S. and Iran and end-of-month rebalancing—volatility risk has risen significantly. Strategy: Hold a light long position above $60,000; do not go short unless it breaks below $58,200. Watch the Coinbase premium—after 40 consecutive days of negative readings, once it flips positive, it could be an early signal that U.S. buy-side demand is returning.
As for ETH: Wang Chun, co-founder of F2Pool (鱼池), recently increased holdings by another 4,950 ETH, bringing total holdings to 92,000. The fact that the pool founder keeps buying at this level suggests he personally recognizes the value around $1,580. But keep in mind this is only his personal action and doesn’t necessarily indicate the market bottom. Don’t rush—wait for confirmation.
$BTC Saturday recap: BTC pulled back after noon to test 59,800 without breaking, then rebounded to 60,476, with the 60,000-even-number level successfully defended for three straight days. Weekend liquidity is thin—100-point swings are normal. Key support: 59,800 (validated intraday), 58,200 (prior-lows structural support) Key resistance: 60,940 (prior high), 62,200 (breakout confirmation level) A net outflow of 445 million from ETFs is a signal, but don’t over-interpret—repositioning by institutions doesn’t necessarily mean they’re turning bearish. Vitalik moved coins, while a whale opened short positions; market disagreement is growing. Disagreement isn’t a bad thing—opportunities can emerge within it. Strategy: Stay light/stand by and wait for next week’s data. If price reclaims 60,900, consider a long. If it breaks below 59,800, reduce exposure and watch whether 58,200 (the prior low) can absorb/hold.