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Track real-time hotspots in the crypto world and seize the best trading opportunities. Today is Saturday, August 9, 2025. I am Wang Yibo! Good morning to all coin friends ☀️ hardcore fan daily attendance 👍 Like and make a fortune 🍗🍗🌹🌹
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U.S. stocks closed higher on Friday, with the Dow Jones Industrial Average initially up 0.47%, the S&P 500 Index rising 0.78%, and the Nasdaq up 0.98%, marking a record closing high for the second consecutive day. Apple (AAPL.O) rose over 4%, with a total increase of 13% for the week, achieving the best weekly performance since July 2020. Tesla (TSLA.O) increased by 2.29%, Google (GOOG.O) rose by 2.44%, and Freddie Mac increased by over 20%. The crypto market brings new surprises every day! Positive news continues to emerge, driven by "dollar rebound + uncertainty in tariff classifications + ongoing rate cut expectations." Peace seems to be on the horizon for Russia and Ukraine, and news and uncertainties remain the biggest factors influencing the crypto market trends. Stay tuned to Yibo to keep up with real-time updates.
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The Bitcoin market shows a trend of first suppressing and then rising, with the price initially retreating from a high point of 117222 to a low point of 115837 before stopping, and then rebounding again. In the early morning hours, the price reached a high of 116919. According to the current market situation, the four-hour level indicates that the market is showing a two consecutive bullish trend, once again attempting to recover towards the upper Bollinger Band, but the KDJ indicator's three lines are still in a downward extension state, and the death cross pattern remains intact. The MACD indicator's histogram is showing a shrinking state above the 0 axis, indicating a decline in buying power. From the one-hour level, the market is running with slight retracement to the upper middle track of the Bollinger Band, but currently, both bulls and bears are fiercely contending, with the MACD indicator's two lines running closely together and the indicator values approaching 0, suggesting that the overall market is at a critical point of low-altitude conversion. However, based on previous trends, the bulls show insufficient sustained momentum after attempting to reach new highs and have not provided a signal for a second upward attempt. Therefore, in the morning operations, we maintain a high-altitude mindset.
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The Ethereum market shows a pattern of rising and then falling back. In the evening session, it started to rise from 3883, and after the U.S. stock market reached a peak of 4011, it fell back to around 3920. The price peaked at around 4070 at midnight before stopping and falling back. From the current market perspective, the bullish momentum is clearly insufficient, and the candlestick pattern shows an interleaved arrangement of small bearish and bullish candles. The moving average system is also exhibiting a horizontal convergence trend. Although there is currently no obvious breakout signal, the pressure area above has been repeatedly attacked but remains unbroken, indicating that the bears are gradually accumulating strength. The hourly chart has formed a pattern of three tops that are gradually descending, and the RSI indicator has also shown signs of a bearish divergence. These technical signals are warning that the market may experience pressure and pullback, and it is expected that the market will maintain this narrow range of fluctuations in the short term. We continue to look for a downward movement.