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ethereum:0xa12cc123ba206d4031d1c7f6223d1c2ec249f4f3
There hasn't been much big news from the official side recently. Just yesterday, the confidential USDC vault TVL on Morpho was updated and surged past 41M+, entering the top ten, along with continuous promotion of confidential token applications.
There is no particularly strong FOMO or FUD in the news. This 40% surge is basically purely driven by market action. After lingering at the bottom for a long time, it suddenly broke out with volume, and funds followed the momentum.
It ground around 0.04 for a long time, then slowly rose before suddenly accelerating. A big bullish candle pulled it up to 0.06733 with explosive volume (over 200 million in a single candle). It has now retraced to around 0.064.
Clearly overheated in the short term, RSI is probably topped out. Although volume and price coordination is strong, the surge is too aggressive, so a shakeout is likely before the direction is decided.
24H amplitude is over 17%, with huge volatility. Funding rates are still positive, bulls remain dominant, but chasing the high carries significant risk.
Personal operation: short
Wait for a rebound to around 0.0665-0.0673 before shorting, do not chase shorts now.
Entry: around 0.0668
Stop loss: 0.0688 (exit if it breaks previous high)
Take profit: first target 0.058, second 0.052, third depends on 0.045
Key focus is whether 0.0673 can hold; if it can't, then dump;
If it breaks 0.0688 with volume, this trade is void, don't hold on stubbornly.
Keep position small, leverage not too high, this kind of new coin seed label can be volatile at any time.
solana:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN
This is a typical "low consolidation → breakout → acceleration" pattern. It stayed sideways around 1.8 for a long time initially, with volume gradually increasing, indicating large capital accumulation.
Once it breaks 2.2, it starts a parabolic rise with almost no significant pullbacks, completely crushing the bears.
Now, a few small bearish and bullish candles appear at the high level, which is a healthy turnover, not an immediate top signal.
During the rally, trading volume continues to expand, peaking near 2.81, showing strong chasing momentum.
Currently, volume slightly decreases during consolidation but hasn't shrunk to silence; bulls are still controlling the market.
If volume expands again to break through 2.81, the next wave will be even stronger.
Overall sentiment remains "keep pushing," with no widespread profit-taking.
It also shows strong correlation with MELANIA.
Personal operation: bullish bias
It has already risen nearly 70% from the low, so no chasing at the top; wait for a pullback for a safer entry.
Long entry points: wait for a pullback to around 2.68-2.70 to enter in batches (preferably with a small bullish candle confirming support)
Stop loss: 2.52-2.55 (near the previous acceleration starting point, also a solid support zone)
Take profit: first target 3.00-3.10 (take half off the table), second target 3.40-3.60 (hold the rest for potential extension)
Note: Funding rate is still positive, avoid too high leverage (recommended 5-10x), watch 5-minute volume; if volume suddenly shrinks and price dips below 2.68, exit first.
The overall market (ETH, XRP are both rallying strongly) supports its continuation; short-term still has potential.
This wave is a meme rally driven by both sentiment and capital, the chart is clean and strong, but high-level volatility will increase.
Follow the plan, don’t be greedy.
solana:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN
This is a typical "low consolidation → breakout → acceleration" pattern. It stayed sideways around 1.8 for a long time initially, with volume gradually increasing, indicating large capital accumulation.
Once it breaks 2.2, it starts a parabolic rise with almost no significant pullbacks, completely crushing the bears.
Now, a few small bearish and bullish candles appear at the high level, which is a healthy turnover, not an immediate top signal.
During the rally, trading volume continues to expand, peaking near 2.81, showing strong chasing momentum.
Currently, volume slightly decreases during consolidation but hasn't shrunk to silence; bulls are still controlling the market.
If volume expands again to break through 2.81, the next wave will be even stronger.
Overall sentiment remains "keep pushing," with no widespread profit-taking.
It also shows strong correlation with MELANIA.
Personal operation: bullish bias
It has already risen nearly 70% from the low, so no chasing at the top; wait for a pullback for a safer entry.
Long entry points: wait for a pullback to around 2.68-2.70 to enter in batches (preferably with a small bullish candle confirming support)
Stop loss: 2.52-2.55 (near the previous acceleration starting point, also a solid support zone)
Take profit: first target 3.00-3.10 (take half off the table), second target 3.40-3.60 (hold the rest for potential extension)
Note: Funding rate is still positive, avoid too high leverage (recommended 5-10x), watch 5-minute volume; if volume suddenly shrinks and price dips below 2.68, exit first.
The overall market (ETH, XRP are both rallying strongly) supports its continuation; short-term still has potential.
This wave is a meme rally driven by both sentiment and capital, the chart is clean and strong, but high-level volatility will increase.
Follow the plan, don’t be greedy.
ethereum:0x0e63b9c287e32a05e6b9ab8ee8df88a2760225a9
In 24h, it surged directly from 0.9460 to 1.2186, a sharp increase of over 25%, with explosive volume (23M+). The big bullish candle in the middle broke through all resistance levels.
Currently, it is consolidating sideways at a high level, oscillating between 1.17-1.20. There is obvious resistance hanging at 1.2186 above, and dense trading between 1.15-1.10 below.
The funding rate is positive at 0.0379%, bullish sentiment remains, but the short-term RSI is definitely overbought, and volume has started to shrink.
Structurally, it is still a strong bullish trend, but after such a vertical surge, the probability of a pullback during this high-level consolidation is considerable.
Some in the community mentioned a whale dumped 800,000 tokens around 1.09, but it didn’t stop this wave of FOMO.
No particularly big negative or positive news, it’s purely market sentiment driving this.
Personal operation: short
Currently at a high level, waiting for a rebound to short is more attractive.
Entry: short in batches between 1.195-1.205 (preferably near 1.20)
Stop loss: 1.26 (cut losses decisively if it breaks a new high)
Take profit: 1.05-1.00 (take half off at 1.10 first, then clear the rest at 1.05)
Leverage should not exceed 10x; be careful of short squeezes at high levels.
#DYOR
ethereum:0x0e63b9c287e32a05e6b9ab8ee8df88a2760225a9
In 24h, it surged directly from 0.9460 to 1.2186, a sharp increase of over 25%, with explosive volume (23M+). The big bullish candle in the middle broke through all resistance levels.
Currently, it is consolidating sideways at a high level, oscillating between 1.17-1.20. There is obvious resistance hanging at 1.2186 above, and dense trading between 1.15-1.10 below.
The funding rate is positive at 0.0379%, bullish sentiment remains, but the short-term RSI is definitely overbought, and volume has started to shrink.
Structurally, it is still a strong bullish trend, but after such a vertical surge, the probability of a pullback during this high-level consolidation is considerable.
Some in the community mentioned a whale dumped 800,000 tokens around 1.09, but it didn’t stop this wave of FOMO.
No particularly big negative or positive news, it’s purely market sentiment driving this.
Personal operation: short
Currently at a high level, waiting for a rebound to short is more attractive.
Entry: short in batches between 1.195-1.205 (preferably near 1.20)
Stop loss: 1.26 (cut losses decisively if it breaks a new high)
Take profit: 1.05-1.00 (take half off at 1.10 first, then clear the rest at 1.05)
Leverage should not exceed 10x; be careful of short squeezes at high levels.
#DYOR
ong:native
Currently at 0.1148, it has dropped nearly 30% from the high of 0.1605, but still +81% in 24h, with the funding rate plunging deeply to around -0.95%.
Volume remains huge; after the top surge with high volume, there were consecutive large bearish candles, a typical pattern of a spike followed by a drop and distribution.
The community is still talking about the previous hard fork and the supply cut to 800 million, no new updates.
Public opinion suggests that after the upgrade is implemented, there might be selling pressure; short-term sentiment is retreating.
It rallied straight from 0.06 to 0.16, then formed a long upper shadow at the high with consecutive red candles breaking down, now stuck oscillating around 0.11-0.12.
There is a previous dense zone near 0.10 below, and resistance just dropped from 0.12-0.13 above.
Volume has not fully contracted during the pullback, indicating selling pressure remains and stabilization won't be quick.
Overall, this is a technical correction after overheating, with short-term weakness continuing.
Personal operation: short
Entry point: short on rebound in the 0.118-0.122 range (preferably wait for confirmation of a pullback after a spike)
First resistance: 0.125
Second resistance: 0.135
Third resistance: 0.145 (mid-level)
Stop loss: 0.138
Take profit: first target 0.095, second target 0.075, aggressive can hold to around 0.055
Control position size well; coins with such volatility can drop sharply.
Strict stop loss, staying alive is more important than anything!
Not investment advice, manage your own risk.
Finished adjusting, let's go~ #DYOR
ong:native
Currently at 0.1148, it has dropped nearly 30% from the high of 0.1605, but still +81% in 24h, with the funding rate plunging deeply to around -0.95%.
Volume remains huge; after the top surge with high volume, there were consecutive large bearish candles, a typical pattern of a spike followed by a drop and distribution.
The community is still talking about the previous hard fork and the supply cut to 800 million, no new updates.
Public opinion suggests that after the upgrade is implemented, there might be selling pressure; short-term sentiment is retreating.
It rallied straight from 0.06 to 0.16, then formed a long upper shadow at the high with consecutive red candles breaking down, now stuck oscillating around 0.11-0.12.
There is a previous dense zone near 0.10 below, and resistance just dropped from 0.12-0.13 above.
Volume has not fully contracted during the pullback, indicating selling pressure remains and stabilization won't be quick.
Overall, this is a technical correction after overheating, with short-term weakness continuing.
Personal operation: short
Entry point: short on rebound in the 0.118-0.122 range (preferably wait for confirmation of a pullback after a spike)
First resistance: 0.125
Second resistance: 0.135
Third resistance: 0.145 (mid-level)
Stop loss: 0.138
Take profit: first target 0.095, second target 0.075, aggressive can hold to around 0.055
Control position size well; coins with such volatility can drop sharply.
Strict stop loss, staying alive is more important than anything!
Not investment advice, manage your own risk.
Finished adjusting, let's go~ #DYOR
$WMT
Earnings report released, same-store sales growth in the US region only 2.6%, the slowest since the pandemic. Although revenue and EPS exceeded expectations and the full-year guidance was raised, the Q3 outlook is weak. The pharmacy segment was dragged down by healthcare price cuts, and the market responded decisively.
The result was a sharp plunge, dropping from around 114 at yesterday's close straight down to about 103 at the open, a decline of over 9%, with volatility driven entirely by this earnings sentiment.
Current market: Clearly a gap down open followed by continued decline, volume increased, short-term bears dominating. Price broke below the previous consolidation range lower boundary, short-term MAs all showing death crosses pressing down, no clear sign of a bottom yet.
If the rebound fails to surpass the previous low, it will likely continue to probe for support; but the sharp drop could also trigger a technical bounce.
Personal strategy: short position
Light short positions near the 107 range (do not chase the drop, wait for a rebound to resistance for a safer add).
Stop loss set near 112 (if broken, admit the mistake and exit).
Take profit in batches: exit part at 102, leave the rest around 96-98.
Keep position size moderate; although stock contract volatility is not as crazy as meme stocks, sentiment after earnings may cause another drop.
Watch the market yourself, this is not investment advice, have fun trading~📉
Last night, the US stock market really showed a typical one-day trip pattern. The day before, the Treasury Department's bond repurchase was a positive move that pushed down yields, and the market happily closed in the green. However, overnight it immediately reversed, wiping out all gains.
The three major indexes all closed down:
- Dow Jones: dropped 1.32%, closed at 52759 points, down nearly 700 points in one day
- S&P 500: down 0.87%, closed at 7641 points
- Nasdaq: down 1%, closed at 26067 points
This was a rare collective pullback in nearly a month, with a strong atmosphere of market panic.
First, US Treasury yields rebounded quickly. The Treasury's bond repurchase the day before was just a short-term emergency measure that couldn't sustain the market. The sentiment recovery was a one-day event, and pressure returned to the bond market, directly suppressing market risk appetite.
Second, the US intensified sanctions on Iran, directly pushing up oil prices. The market's biggest fear now is that a rebound in oil prices will trigger inflation, and the easing expectations that had just softened were immediately dashed.
The biggest drag on the market last night was the consumer sector, which saw strong selling pressure overall. Walmart plunged over 9%. Although its earnings report was not bad overall, weak sales growth and conservative guidance for next year, combined with management's blunt statement that high oil prices have already suppressed consumer spending, directly crushed sector sentiment.
Besides that, Boeing and Home Depot both fell over 3%, and even TJX, which beat expectations on both earnings and guidance, couldn't escape being sold off, showing how extremely pessimistic capital is about the consumer sector right now.
While US stocks and bonds both weakened, the market showed clear divergence, with crypto and gold completely bucking the trend with bullish reversals:
- BTC held steady above 72000, ETH was even stronger, breaking above 2300. The core driver is Trump's push for the crypto Clarity Act, with the market front-running and speculating on compliance expectations, combined with falling Treasury yields and capital outflows from bonds, leading to an overall warming in the crypto space.
- Gold fluctuated narrowly around 4530 all day, firmly holding the high levels seen since June. Lower Treasury yields reduced the opportunity cost of holding gold, with solid fundamentals providing support, completely unaffected by short-term US stock volatility.
Summary:
The current market is extremely sensitive to inflation, with very fragile sentiment. Positive news has very poor sustainability, while negative news easily ferments. For the short-term market, don't get distracted—just focus on two core variables: US Treasury yields + oil price trends. These two indicators directly determine the sentiment and direction of stocks, crypto, and gold.
$WMT ethereum:native $BTC

The core driver of the overnight cross-asset market remains the U.S. Treasury's increase in long-term government bond repurchase scale, leading to a decline in long-term bond yields and a weaker dollar, which in turn drives the linkage among major assets.
On the U.S. stock side, the three major indices closed slightly higher, overall halting the decline and stabilizing, but sector divergence is very evident.
Moderna, together with Merck, met the Phase 3 data for cancer treatment, causing Moderna $MRK to surge 13% in a single day, directly boosting the biopharmaceutical sector;
On the other hand, previously hot storage and optical module hardware stocks faced profit-taking, with Seagate, Western Digital, and Lumentum plunging. Tech giants showed mixed gains and losses, Nvidia closed slightly down, Tesla and Apple closed up, and the market is still waiting for the FOMC minutes to set the pace for rate cuts.
- Gold: Benefiting from the decline in U.S. Treasury yields, bulls concentrated their entry, spot gold surged sharply, reaching near $4530 at the highest, with a single-day increase of over 4%, breaking the recent consolidation range.
- Crypto: BTC surged past $70,000, ETH was even more outrageous, rising 17%, with a large number of short positions liquidated within 24 hours fueling the rally. Besides improved liquidity expectations, the implementation of "Crypto Asset Regulatory Rules" and the exemption for small token issuances bring compliance certainty to the industry; rumors say Trump urged "Buy all crypto assets" in an internal group, which is a real insider scoop.
The market source is fiscal intervention in the bond market, with funds fleeing some AI hardware and flowing into pharmaceuticals, gold, and crypto assets.
Going forward, focus on changes in long-term U.S. Treasury yields and the interest rate signals released by the FOMC meeting minutes.
$WMT
Earnings report released, same-store sales growth in the US region only 2.6%, the slowest since the pandemic. Although revenue and EPS exceeded expectations and the full-year guidance was raised, the Q3 outlook is weak. The pharmacy segment was dragged down by healthcare price cuts, and the market responded decisively.
The result was a sharp plunge, dropping from around 114 at yesterday's close straight down to about 103 at the open, a decline of over 9%, with volatility driven entirely by this earnings sentiment.
Current market: Clearly a gap down open followed by continued decline, volume increased, short-term bears dominating. Price broke below the previous consolidation range lower boundary, short-term MAs all showing death crosses pressing down, no clear sign of a bottom yet.
If the rebound fails to surpass the previous low, it will likely continue to probe for support; but the sharp drop could also trigger a technical bounce.
Personal strategy: short position
Light short positions near the 107 range (do not chase the drop, wait for a rebound to resistance for a safer add).
Stop loss set near 112 (if broken, admit the mistake and exit).
Take profit in batches: exit part at 102, leave the rest around 96-98.
Keep position size moderate; although stock contract volatility is not as crazy as meme stocks, sentiment after earnings may cause another drop.
Watch the market yourself, this is not investment advice, have fun trading~📉
magma-finance:native
Currently around 0.23-0.24, still +30%+ in 24H, the remaining wave of the main upward surge
The community is basically traders shouting signals; some who went long around 0.17 have already gained +40%. Now at the high level, some are starting to call for shorts, OI has clearly risen, volume has also expanded, purely a capital-driven speculative market with no fundamental catalysts.
Market situation (1H/4H):
This wave surged directly from the low with a big bullish candle, volume exploded, a typical momentum market. Now at the high level, it’s starting to consolidate with more upper and lower shadows; 1H has seen several pullbacks after spikes, RSI is clearly overbought (short-term overheating), MACD bars are shrinking, volume and price are somewhat diverging, price is still fluctuating at a high level but the buying pressure chasing the highs is not as strong as before. On 4H, it looks like it’s testing the resistance zone near previous highs, with a small support around 0.22 below, and further down a dense zone at 0.20-0.21.
Overall structure is still strong, but after short-term overbought conditions, a 15-30% correction to digest floating positions is very likely.
Capital side: Futures trading volume has surged, open interest is rising, indicating some are leveraging up to chase longs, while others are positioning shorts at highs. This kind of pure pump altcoin perpetual contract is most prone to quickly giving back half of its gains when there’s no new story.
Personal operation: Short
Currently around 0.235, you can open a light short position directly or wait for a rebound to the first resistance level to add.
- First resistance: 0.245 (near recent highs)
- Second resistance: 0.255
- Third resistance: 0.27
Stop loss: 0.270 (if broken, it means momentum will continue upward, cut immediately)
Take profit: first look at 0.20, then 0.175, final target near 0.12 (roughly giving back more than half of this wave’s gains).
Take profits in batches, don’t be greedy. Keep position size within 5% of total capital, leverage not too high (5-10x is about right), strict stop loss.
If 1H breaks below 0.22 support, the bears will have an easier time. DYOR~
X Layer RWA ecosystem incentives are kicking off~
Not just ordinary liquidity mining, this time it's comprehensive coverage.
RWA + stablecoins are the foundation, RWA + ecosystem tokens are the flywheel, real capital flow and trading heat can directly become the driving force for RWA to break out.
Plus a bunch of DApps connecting recently, and amazing creative ideas to be unveiled at the hackathon...
A total of $5 million in ecosystem incentives is being dropped, with the first round releasing $300,000:
RWA + stablecoins $200,000
RWA + ecosystem tokens $100,000
Previously, X Layer mostly focused on new launches and volume boosting, now it directly ties RWA, Meme, and on-chain applications together to feed each other. This layout seriously aims to make RWA a phenomenal success.
Waiting for the official announcement of eligible pools, get your wallets and some gas ready, let's be the first batch to take the lead~ @misaENFP @XLayerOfficial


He's here, he's here
X Layer is bringing up to $5 million in RWA
ecosystem liquidity incentives!!!
Misa will explain it all
Users who provide on-chain liquidity for officially announced RWA (Real World Asset) trading pairs and generate real fees have the chance to share rewards.
First round prize pool: $300,000
💰RWA + Stablecoins $200,000💰
RWA + Ecosystem tokens $100,000
How to participate~
Steps for regular users:
① Prepare a Web3 wallet that supports X Layer and a small amount of network fees
② Wait for the official announcement of eligible assets and trading pairs
③ Enter the corresponding liquidity pool via the official entry
④ Deposit the two paired assets to create an LP position
⑤ Maintain valid liquidity and generate fees
⑥ Check and claim rewards on the investment details page
Note: You cannot earn rewards by just adding any LP; it must be an officially announced qualified liquidity pool.
Part One: RWA + Stablecoin trading pairs
▪️ Prize pool: $200,000
▪️ Eligible assets announced on August 24 (UTC+8)
▪️ Event duration: 2 weeks
▪️ Rewards updated hourly and claimable on the investment details page
▪️ Rewards calculated based on your share of fee income relative to total fee income
▪️ The page shows APY up to 1000%, but actual returns will fluctuate dynamically
Part Two: RWA + Ecosystem token trading
▪️ Prize pool: $100,000
▪️ Duration: August 26 – September 2 (UTC+8)
▪️ Liquidity pools must be deployed on Uniswap V2, V3, or V4
▪️ Pairs must include RWA assets
▪️ Rewards distributed in stablecoins via hourly snapshots
▪️ Only LP providers who actually generate fees can receive rewards
Specific trading pairs will be announced on August 26
Tips:
To increase your chances of earning rewards, the key is not volume chasing but
✅ Only participate in officially announced qualified pools
✅ Ensure liquidity remains valid and generates fees
✅ Check the investment details page and official announcements promptly
✅ Do not engage in wash trading, related address volume manipulation, or data manipulation
Adding liquidity involves impermanent loss, token price volatility, and contract risks; the highest APY does not guarantee fixed returns. Please participate according to your risk tolerance.
Click for event details~
#XLayer #RWA #DeFi #OKXWallet
magma-finance:native
Currently around 0.23-0.24, still +30%+ in 24H, the remaining wave of the main upward surge
The community is basically traders shouting signals; some who went long around 0.17 have already gained +40%. Now at the high level, some are starting to call for shorts, OI has clearly risen, volume has also expanded, purely a capital-driven speculative market with no fundamental catalysts.
Market situation (1H/4H):
This wave surged directly from the low with a big bullish candle, volume exploded, a typical momentum market. Now at the high level, it’s starting to consolidate with more upper and lower shadows; 1H has seen several pullbacks after spikes, RSI is clearly overbought (short-term overheating), MACD bars are shrinking, volume and price are somewhat diverging, price is still fluctuating at a high level but the buying pressure chasing the highs is not as strong as before. On 4H, it looks like it’s testing the resistance zone near previous highs, with a small support around 0.22 below, and further down a dense zone at 0.20-0.21.
Overall structure is still strong, but after short-term overbought conditions, a 15-30% correction to digest floating positions is very likely.
Capital side: Futures trading volume has surged, open interest is rising, indicating some are leveraging up to chase longs, while others are positioning shorts at highs. This kind of pure pump altcoin perpetual contract is most prone to quickly giving back half of its gains when there’s no new story.
Personal operation: Short
Currently around 0.235, you can open a light short position directly or wait for a rebound to the first resistance level to add.
- First resistance: 0.245 (near recent highs)
- Second resistance: 0.255
- Third resistance: 0.27
Stop loss: 0.270 (if broken, it means momentum will continue upward, cut immediately)
Take profit: first look at 0.20, then 0.175, final target near 0.12 (roughly giving back more than half of this wave’s gains).
Take profits in batches, don’t be greedy. Keep position size within 5% of total capital, leverage not too high (5-10x is about right), strict stop loss.
If 1H breaks below 0.22 support, the bears will have an easier time. DYOR~
$TSLA
Tonight, the intraday surge was driven by news, catalyzed by the Cybercab plan to launch manned operations in Austin this month, combined with Semi securing large orders, fueling capital speculation on Robotaxi commercialization expectations.
The market had undergone a thorough washout with consecutive small declines earlier, clearing floating positions. There was continuous net capital inflow during the day, strong support on the moving average during pullbacks, no deep sell-offs, fully opening a short-term bullish trend. Volume and price coordination is healthy, rebound momentum continues to release, representing a strong market driven by news catalyst plus bullish market resonance. Short-term bullish sentiment has completely warmed up.
Personal operation: Long
Entry price: 343
Stop loss: 336
First take profit: 354 (short-term intraday resistance, take partial profits)
Second take profit: 366 (core resistance for the wave, take most profits)
Third take profit: 378 (high point range of this rebound, clear all positions)
Be cautious with chasing highs, manage position risk, profits and losses are your own responsibility, DYOR~
The core driver of the overnight cross-asset market remains the U.S. Treasury's increase in long-term government bond repurchase scale, leading to a decline in long-term bond yields and a weaker dollar, which in turn drives the linkage among major assets.
On the U.S. stock side, the three major indices closed slightly higher, overall halting the decline and stabilizing, but sector divergence is very evident.
Moderna, together with Merck, met the Phase 3 data for cancer treatment, causing Moderna $MRK to surge 13% in a single day, directly boosting the biopharmaceutical sector;
On the other hand, previously hot storage and optical module hardware stocks faced profit-taking, with Seagate, Western Digital, and Lumentum plunging. Tech giants showed mixed gains and losses, Nvidia closed slightly down, Tesla and Apple closed up, and the market is still waiting for the FOMC minutes to set the pace for rate cuts.
- Gold: Benefiting from the decline in U.S. Treasury yields, bulls concentrated their entry, spot gold surged sharply, reaching near $4530 at the highest, with a single-day increase of over 4%, breaking the recent consolidation range.
- Crypto: BTC surged past $70,000, ETH was even more outrageous, rising 17%, with a large number of short positions liquidated within 24 hours fueling the rally. Besides improved liquidity expectations, the implementation of "Crypto Asset Regulatory Rules" and the exemption for small token issuances bring compliance certainty to the industry; rumors say Trump urged "Buy all crypto assets" in an internal group, which is a real insider scoop.
The market source is fiscal intervention in the bond market, with funds fleeing some AI hardware and flowing into pharmaceuticals, gold, and crypto assets.
Going forward, focus on changes in long-term U.S. Treasury yields and the interest rate signals released by the FOMC meeting minutes.
Last night, the US stock market weakened overall, with the major indices falling for three consecutive days and a very clear sector divergence.
The overall index only slightly pulled back, but high-level AI tech stocks were clearly under pressure, showing a collective decline. This is mainly because, before Nvidia's earnings report, market funds actively chose to hedge and take profits at high levels.
The storage sector led the adjustment this time, with SanDisk dropping over 9% and Micron down 7%, which is a normal profit-taking by funds at high levels.
Currently, Micron and SK Hynix's HBM4 mass production iteration is progressing smoothly, capable of supporting the new generation AI platforms. Coupled with the continuous implementation of AI agents and large models driving hardware demand expansion, the storage sector's long-term fundamentals remain solid. The short-term is just a correction in sentiment and chip positioning.
The current macro environment is very divided, not entirely bearish but continuously suppressing the tech stock market:
- Positive side: Overall import and export prices slightly declined, fuel prices dropped, easing short-term inflation pressure
- Negative side: Excluding fuel, semiconductor and capital goods prices are still rising; oil prices remain volatile at high levels, making inflation hard to cool down completely
- Core suppression: US Treasury yields remain high, continuously compressing the valuation space of high-valued AI stocks
Tonight, the focus is on the Federal Reserve meeting minutes. Don’t get stuck on a simple hawkish or dovish stance; the core is how the Fed weighs oil prices, inflation, and interest rate paths, which directly determines the future valuation flexibility of tech stocks.
🔍 Before Nvidia’s earnings report, the market enters a wait-and-see game
Before Nvidia’s earnings release on August 26, the market is basically in a wait-and-see mode. Meeting expectations alone can’t support high valuations; only exceeding expectations can boost the market:
- Revenue: Can it surpass the guidance midpoint of 91 billion?
- Gross margin: Can it maintain the core level of 75%?
- Networking business: Can the high growth trend continue (AI cluster demand)?
- Product iteration: Is the transition between new and old platforms smooth, with no capacity or delivery bottlenecks?
- Profit quality: Free cash flow and the real return rate on customers’ AI investments
📈 Yushu Technology IPO
Yushu Technology opened at 1100 in the bidding, with a profit of about 400,000 after deducting new share costs for one lot. The current quote is 893, with a profit of 300,000 per lot—envy... anxiety...
$SNDK
$TSLA
Tonight, the intraday surge was driven by news, catalyzed by the Cybercab plan to launch manned operations in Austin this month, combined with Semi securing large orders, fueling capital speculation on Robotaxi commercialization expectations.
The market had undergone a thorough washout with consecutive small declines earlier, clearing floating positions. There was continuous net capital inflow during the day, strong support on the moving average during pullbacks, no deep sell-offs, fully opening a short-term bullish trend. Volume and price coordination is healthy, rebound momentum continues to release, representing a strong market driven by news catalyst plus bullish market resonance. Short-term bullish sentiment has completely warmed up.
Personal operation: Long
Entry price: 343
Stop loss: 336
First take profit: 354 (short-term intraday resistance, take partial profits)
Second take profit: 366 (core resistance for the wave, take most profits)
Third take profit: 378 (high point range of this rebound, clear all positions)
Be cautious with chasing highs, manage position risk, profits and losses are your own responsibility, DYOR~
$XAU
The 8.18 long-term US Treasury yield surged, with the 30-year hitting a 20-year high of 5.33%, putting pressure on gold which dipped to 4360, experiencing a sharp drop during the day.
Today, yields retreated and the dollar weakened, combined with the US Treasury raising the long-term bond repo scale to 4 billion, improving liquidity expectations, causing gold to violently rebound to 4470.
Core logic for August: Non-farm payrolls missed expectations, inflation is moderate, the probability of a Fed rate hike in September is decreasing, combined with central banks continuously increasing gold holdings.
This rebound is mainly catalyzed by bond market stabilization and repo benefits.
Technically, gold price shows a deep V reversal, breaking through the 4450 resistance with volume, moving averages are bullish, indicators are not yet seriously overbought. Strong support at 4400, deeper support at 4320-4350; resistance at 4480-4500, with upside targets at 4520-4550.
Pay close attention to the Fed's July meeting minutes tonight; a hawkish tone may trigger a short-term pullback. The overall trend is bullish, with rising volatility favoring swing trading; avoid chasing highs.
Personal view: Long position
Current price 4450-4465, light position to test long
Stop loss: 4415
Take profit: 4500 (reduce half position) → 4530 → 4560
After reaching the first take profit, move stop loss to breakeven, then adjust position according to the meeting minutes.
Trade at your own risk!