August 19 Market Analysis and Trading Recommendations: Chip Market Crash Reflects Macroeconomic Risks; BTC/ETH Range Trading

I. Market Overview: The crypto market remained stable: BTC was at $64,326 (+0.21%), and ETH was at $1,911 (+0.84%). However, the memory chip sector suffered a collective plunge overnight—SanDisk fell 9.01%, Micron fell 7.02%, and the Philadelphia Semiconductor Index plummeted 4.98%. The 30-year US Treasury yield surged to 5.336% (the highest since 2007), directly suppressing the valuation of tech stocks. II. Reasons for the Decline and Trading Recommendations: Three main drivers: ① US Treasury yields hit a 19-year high, and expectations of tightening liquidity pressured risk assets; ② Hidden liabilities of AI data centers ($904 billion in unused computing power leases) raised demand concerns; ③ Program trading amplified selling pressure after a short-term surge. Although cryptocurrencies have temporarily resisted the decline, if macro headwinds persist, BTC/ETH is likely to experience a further drop. III. Bitcoin Strategy: Technical Analysis: The price has risen above the $63,915 support level, but significant resistance exists at $65,000-$65,500, and the MACD bullish momentum is weakening. Trading Strategy: Buy on a pullback to 63,900-64,000, stop loss at 63,400; Sell on a rebound to 65,000-65,500 with a small position, stop loss at 65,800. Buy low and sell high within the range, position size ≤ 2%. Ethereum Strategy: Support 1,890-1,900, Resistance 1,930-1,935. Trading Strategy: Buy on a pullback to support, stop loss at 1,870; Sell on a pullback to resistance, stop loss at 1,960. Monitor ETH-ETF fund flows. This article is time-sensitive and may not be updated immediately. For copy trading, please check my profile QQ. Copy trading is available with no minimum investment. All trades are live, and win rates can be viewed in previous articles.