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Crypto analyst Zio
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Market Analysis
The British government sold a significant amount of BTC in a short period. After careful analysis of their transactions, interesting details about the authorities' strategy were revealed.
$QUICK demonstrates the perfect breakout of a descending wedge. A strong rise of this decentralized exchange token is expected, similar to $MAV and $HFT.
$WLFI is on the verge of launch. What do you see in the chart? 👀
Overview of August 2025
Happy new month! August was eventful for the crypto market.
Why does Gate play an important role in the crypto era of 2025?
In August, the Gate Bitcoin ETF attracted billions in inflows, while insiders reduced positions and institutional investors increased their bets.
One of the largest players in the financial market is actively accumulating crypto assets in 2025.
Technical Analysis
The daily chart $BTC is at a critical point. The price was in an uptrend but has now reached the lower boundary of the channel. The closing of bearish candles signals a weakening of buyers. A breakdown could confirm a trend reversal.
Warning: If the bulls do not hold this zone, a sharp decline in Bitcoin may occur.
$ETH holds support at the level of $4,230. We are watching the level of $4,500 for a potential reversal. If it loses $4,230, Ethereum may test $4,000 again. The level of $3,800 is interesting as the final support of the correction.
The altcoin market is signaling an expansion. The bear trap is over, and the trend line has been restored. In the past, such situations have led to a tenfold increase in the market.
Bitcoin's Bollinger Bands are currently the narrowest they have been in 8 years. A controlled sell-off is happening, but a surge in volatility is expected soon.
Gold has already reached a new all-time high, indicating uncertainty. There may be a capitulation candle before a reversal and a new ATH for BTC.
Top DeFi projects
The ranking of the top 10 #DeFi projects in terms of development over the last month has been presented. It is recommended to monitor their progress.
Forecasts
The altcoin season index has rapidly reached 63. The altcoin season is approaching!
$BTC has large liquid clusters around $105K-$108K. Each small rise is fully retraced, indicating a downward momentum. A reversal is unlikely until these clusters are liquidated.
$ETH exactly repeats the BTC cycle of 2020-21. The next important target is the recovery of $5,000. This could lead to a threefold increase in 4 months, similar to BTC in the previous cycle.
$PHB completed the retest of the daily breakout. A weekly double bottom has formed. It is recommended to add a position, as with $PYTH.
A decrease in the Fed rates is expected in September.
The largest bull market in history is approaching. Get ready!
Altcoins are at extremely low levels. This situation always ends with a rise.
$ETH confirmed the jump. The target $15,000 is inevitable.
Historically, alt seasons have started in September. In a few days, low-cap tokens can grow 150-200 times.