$XAU Gold is still too strong, having risen more than $600 this month already. Be cautious about shorting; if the monthly candle closes with a big bullish bar, the uptrend is very likely to continue. If you haven't entered yet, wait for an opportunity. Chasing highs is risky ⚠️. The 4800-5000 zone should see some resistance and a pullback, but if it breaks through and holds, then the historical highs will be the next target. This has been the case in previous years as well, with sharp rises before the National Day holiday. Gold is currently in a strong bullish setup supported by multiple positive factors: US dollar credit crisis, geopolitical risks, central bank gold buying trends, and continuous ETF inflows all provide upward support. Technically, all indicators are bullish, with MACD and moving averages supporting further gains. Short-term risks include RSI overbought conditions that may trigger a technical pullback, and the Jackson Hole symposium potentially delivering hawkish signals that could suppress gold prices. #黄金突破4600美元，债券避险地位受挑战 #BTC冲高后震荡，ETF资金持续流入 #ETH触及2500美元后震荡

$SNDK saw 1418 hold and then rise again, so I entered the market again If the 1415-1400 range can hold, it feels like it can still go back up It rose a bit fast, I didn't have time to watch, and when I looked again it had already risen Let's first see if it can reclaim 1630 If the rebound cannot reclaim that level, the correction will most likely continue. Otherwise, if it can reclaim, it will continue to rise higher. Today's drop was quite severe, $200... #美光加码AI存储，十年研发投入100亿美元

$SNDK SanDisk Intraday Focus Near 1480 Support Lightly add a long position first to test and see how it goes 😈 After being resisted near 1630, it quickly crashed, directly breaking through the Bollinger Bands. Technical indicators are collectively bearish (moving average death cross, MACD death cross, volume decline), but RSI is severely oversold, suggesting a short-term rebound may occur. The storage sector as a whole faces a "deep adjustment demand," with TRS financing costs hitting record highs combined with deleveraging, indicating the industry may have reached a cyclical peak. 1,630 is the mid-term bull-bear dividing line—if the rebound fails to reclaim this level, the adjustment trend will continue. Be cautious: funding rates remain positive (0.056%), indicating long holders are still paying fees to shorts—this lagging sentiment of "longs not dying" may mean the adjustment is not over yet. News is bearish 2. News Analysis 1. Sector linkage: Storage stocks collectively weaken pre-market On August 24, following the decline of Korean storage stocks, U.S. storage stocks also fell collectively pre-market: SanDisk dropped over 4%, Micron Technology, Rambus, SK Hynix fell over 3%, Seagate Technology and Western Digital nearly 3%. The overall weakness in the storage sector is a direct external factor for the decline of SNDKUSDT. 2. Fundamentals: NAND price increase slope slows SanDisk previously benefited from a surge in NAND flash prices—spring contract prices rose 70%-75%, and the company's gross margin soared from 26.2% to 84.6%. However, TrendForce expects the current quarter's NAND price increase to slow to 10%-15%. The slowing price increase slope means the steepest phase of rapid performance growth may be over. Additionally, industry research shows SanDisk and Kioxia's NAND technology generations lag behind Micron, Samsung, and SK Hynix, raising doubts about mid-to-long-term competitiveness. 3. Capital side: Shorts increase positions, deleveraging · Shorts significantly increased positions: a large address on Hyperliquid increased SNDK short positions from 81 to 3,748 contracts, a net increase of about $5.6 million, with an average entry price of $1,571 · TRS financing costs hit record highs: On August 24, chip and storage stocks reached cyclical peaks, with total return swap (TRS) financing costs at record levels, indicating some gains may be driven by leverage rather than fundamentals · Castle Investment's reduction in holdings brings supply pressure The above personal views are for reference only. #英伟达AI服务器或涨价超15% #闪迪高位波动，存储股估值分歧加剧

$ETH should have topped near the previous high resistance Added to the short position, don't miss out! #ETH触及2500美元后震荡

$ETH has been testing resistance around 2480 for several days but hasn't broken through. Light short positions can be tried. Expect oscillation between 2480-2350; if it breaks down, look at the 2300-2250 range. However, MACD remains in a very strong zone and the moving averages are still in a bullish alignment, so the medium-term trend remains bullish. But after consecutive sharp rises in the short term, chasing higher carries considerable risk. The news is still mostly positive, favoring short-term shorts. Macroeconomic perspective: major positive catalyst. The U.S. Treasury significantly increased long-term bond repurchases: on August 19, it announced raising the repurchase cap for 10-30 year bonds from $2 billion to at least $4 billion, effective September 9. The market interprets this as a liquidity easing signal—the dollar index fell about 1% within a week to 98.793, and gold broke through $4,600/oz. The cryptocurrency market surged across the board: in the past week, Bitcoin rebounded to $72,928, ETH rose 27.42% to $2,393. On August 19-20, short liquidations reached $2.74 billion, the largest single-wave liquidation recorded by CoinDesk since 2021. Spot Bitcoin ETFs had a weekly net inflow of $1.92 billion, and Ethereum ETFs net inflow was $697 million, the largest combined scale since October 2025. Ethereum ecosystem perspective The Ethereum Foundation sponsored the WPPT 2026 Privacy Protection Technology Workshop, an affiliated event of Asiacrypt 2026, to be held in Hong Kong in December 2026, focusing on privacy technologies such as ZK, MPC, FHE. Although this is not a short-term price catalyst, it reflects the Ethereum Foundation's ongoing investment in cutting-edge technology and is positive for long-term ecosystem development. The above are personal views for reference only. #BTC冲高后震荡，ETF资金持续流入 #ETH触及2500美元后震荡 #美伊制裁升级，能源通胀风险回升

$XAU bullish trend is clear, but short-term caution is needed for the risk of high-level volatility. If the price does not break below the 5-day moving average during the day, the bullish trend is very likely to continue. Pay attention to the 4560-4550 support area during the day. Currently, gold is in a new pricing logic of "US dollar credit hedging" — gold prices and US Treasury yields are rising simultaneously (the 10-year US Treasury yield remains high at 4.74%), confirming the pricing anchor has shifted from "real interest rates" to "US dollar credit hedging." Kitco surveys show 73% of Wall Street analysts are bullish on the market outlook, with no one predicting a decline. Key risks to watch in the news: 1. Core driver: US Treasury repurchase triggers "US dollar credit crisis" The biggest catalyst for this round of gold surge is US Treasury Secretary Janet Yellen's announcement to at least double the repurchase scale of long-term bonds from 10 to 30 years (from $2 billion each time to $4 billion). However, the market reaction was completely unexpected by the Treasury — after the repurchase plan was announced, the US dollar index fell sharply, once hitting the lowest since mid-May, closing near 98.85. Citigroup quickly downgraded its US dollar index forecast for the next three months from 102.12 to 98.34. Founder Securities pointed out that the US Treasury's increased long bond repurchase "weakens the upward momentum of long-term yields, combined with weak US economic data suppressing Fed rate hike expectations and US dollar strength momentum." Everbright Futures also believes the core driver has shifted from "declining rate hike expectations" to "US dollar credit impairment." 2. Rising geopolitical risks · US-Iran situation: The 60-day negotiation window expires on August 18, and Trump announced no extension of the memorandum of understanding. Iran warned that if the economic war continues, oil exports from the Strait of Hormuz and the Persian Gulf region will stop. · US-Canada trade dispute: The US imposed a 50% tariff on about $20 billion of Canadian goods on Saturday; Canada announced equivalent countermeasures effective September 8. · Bridgewater Fund's Ray Dalio publicly advised investors to reduce bond holdings and allocate up to 15% of funds into physical gold to hedge against US debt crisis risks. 3. Institutional fund movements The world's largest gold ETF — SPDR Gold Trust — held 1047.21 tons as of August 21, an increase of 8.28 tons from the previous trading day. The influx of institutional buying indicates rising market bullish sentiment. 4. Key event this week: Jackson Hole Central Bank Annual Meeting (August 28) Fed Chair Jerome Powell will deliver his first keynote speech — if he signals a clear anti-inflation stance, it may trigger a market repricing of September rate hike expectations. CME data shows a 59.0% probability that the Fed will keep rates unchanged in September and a 41.0% probability of a 25 basis point hike. Technical analysis: Currently, RSI is near overbought — 69.43 is close to the 70 threshold, indicating a short-term possibility of a pullback; be cautious about chasing highs. The 4800-5000 range is a dense resistance zone, with 4889 near the last high point before the previous downturn. This area may see significant profit-taking by bulls; those who have not entered should remember to be bullish but not chase the price; pullback opportunities will come. The above are personal views for reference only. #BTC冲高后震荡，ETF资金持续流入 #ETH触及2500美元后震荡 #黄金突破4600美元，债券避险地位受挑战

$XAU Gold did not break 4500 intraday Strong bullish rebound The upper range of 4800-5000 is expected to be reached next week Three consecutive weeks of gains have confirmed a mid-term uptrend Recovery of the 200-day moving average (4,548) is a key turning point. Core observation for next week: the battle between oil prices and gold prices—if Brent crude continues to push toward 100 dollars and gold prices can still hold the gains, then a "major change" is confirmed. 🎯 Key points to watch · August 24: U.S. Treasury Secretary Janet Yellen holds a press conference on Iran sanctions · August 27-31: critical cycle window, may accelerate or reverse · Jackson Hole Global Central Bank Annual Meeting (next week): key Fed policy signal node The above are personal views for reference only. #BTC加速拉升，资金还能继续接力吗？ #黄金重回4500美元，机构分歧加剧 #Anthropic拟8月底公开IPO文件，募资或追平SpaceX

$SPCX rocket again tested near 130 today but still didn't break through Short term focus remains near 140 Needs volume to stand back above 140-141 and hold to reverse the short-term bearish trend. News overview: Mixed signals, recent bearish dominance ⚠️ Bearish factors (short-term dominant) 1. Second batch of stock unlock (August 20) On August 20, SpaceX's second batch of about 319 million restricted shares will be unlocked, accounting for about 7% of total shares, expanding the tradable float by about 20%. Previously, on August 6, the first batch of about 911.5 million shares unlocked, the price actually surged, but this time the market reaction is completely different. 2. Musk hints Starship plan delay Musk hinted that the Starship capture plan is delayed by several months, triggering market concerns about SpaceX's long-term growth prospects. 3. Price has fallen below IPO pricing SPCX plunged 4.05% overnight, directly breaking through the $135 IPO price. Closed around $132.81 on August 20, further dropped near $131 on August 21. ✅ Bullish factors (mid-to-long-term support) · Strong Starlink growth: Q2 2026 revenue $4.3 billion, accounting for 55% of SpaceX's total revenue, operating profit $1.7 billion, up 66% year-over-year, with 12 million users · Valuation anchor: IPO valuation $1.75 trillion ($135/share), current market cap fluctuates between about $1.4-2.2 trillion · AI expansion: SpaceX exploring AI business expansion, adding imagination space for long-term narrative The above are personal views for reference only. #Anthropic拟8月底公开IPO文件，募资或追平SpaceX #财报观察员：泡泡玛特增长换挡，多IP能否接力？ #SPCX本周解禁3.19亿股，抛压能否被承接？