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![](https://gimg2.gateimg.com/image/article/1688113830trending%20overview.jpeg)

The article is reprinted from the daily market overview of W-Strategy who is a guest streamer of Gate.io, a senior strategy analyst of cryptocurrency, and the founder of Wcollege. The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.

*The article is the original content of W-Strategy. Gate.io is only for reprint and distribution, and the copyright belongs to the author himself.
## BTC
![](https://gimg2.gateimg.com/image/article/1693537031BTC.png)
Condensed Commentary: The overall market closed at $25,987 USD in August, noticeably below the $27,000 USD mark from May's closing. The moving averages have once again shown a death cross, indicating an upcoming corrective phase in the medium term.

Yesterday, after briefly stabilizing at $26,510 USD, there was a retracement to $25,606 USD. In the short term, it's expected to continue fluctuating within the range of $26,510 USD to $25,606 USD. A conservative strategy might involve positioning short trades around $25,606 USD with a target towards the support at $24.2K USD.
## RSS3
![](https://gimg2.gateimg.com/image/article/1693537013RSS3.png)
Condensed Commentary: Over the past two years, the long-term support has held firm at $0.0899 USD, precisely aligning with the first round private placement price of $0.0885 USD. Market participants seem intent on preserving this private placement support level.

In the short term, a surge in the price is evident, breaking through $0.1281 USD and reaching $0.1417 USD. If the upward momentum continues, the subsequent levels to watch are $0.1684 USD and $0.2031 USD. Establishing long-term positions around the previously mentioned support levels is seen as an opportunity to initiate holdings. Maintaining the support levels is crucial; any breach could trigger an exit.
## ＭＣ
![](https://gimg2.gateimg.com/image/article/1693536988MC.png)
Condensed Commentary: Since breaking out of a consolidation pattern on the daily chart, the market has continued to achieve new highs, reaching the target of $0.4006 USD with a peak gain of 122.12%. Despite the breakthrough, there have been three retracements to consolidate the uptrend.

In the medium term, it's anticipated that the market will oscillate between the $0.4006 USD level and the support at $0.2600 USD. Existing positions established previously at $0.2600 USD can be maintained, with target values estimated using sequence analysis as potential exit points.
## CYBER
![](https://gimg2.gateimg.com/image/article/1693536966CYBER.png)
Condensed Commentary: The 15-minute short-term chart has shown signs of an upward momentum, followed by a break above $8.886 USD and a retracement to $8.185 USD. Notably, there have been instances of clear hidden bullish divergence, but there's been significant volatility, including a sharp movement to $9.7 USD, followed by a swift reversal.

In the short term, it's evident that there's a game of supply and demand with no substantial inflow of funds. Monitoring the contract market funding rate remains essential as a basis for entering long positions or maintaining a wait-and-see approach. Upside targets include $10.479 USD, $12.27 USD, $14.50 USD, and $17.79 USD, while maintaining support at $8.145 USD is crucial.
## ARB
![](https://gimg2.gateimg.com/image/article/1693536935ARB.png)
Condensed Commentary: The overall structure has completed a five-month downtrend, with the support level tested three times at $0.9099 USD. The short-term trading volume continues to decline, and positioning short trades below the critical support of $0.9099 USD is a viable option. Sequentially, downside targets are $0.8676 USD, $0.8414 USD, $0.8203 USD, $0.7992 USD, and the ultimate target at $0.7310 USD.
## ETH
![](https://gimg2.gateimg.com/image/article/1693536914ETH.png)
Condensed Commentary: The monthly closing for this month settled at the $1,650 USD mark. The overall trend remains bearish, and a retracement to $1,631 USD was met without bias. In the short term, attention remains on the $1,631 USD level as a defense line and the upper boundary of the descending channel. Maintaining stability above the trendline is crucial for a potential rebound.
## WLD
![](https://gimg2.gateimg.com/image/article/1693536894WLD.png)
Condensed Commentary: This week began with a short-term support at $1.109 USD, followed by a substantial rebound wave. The upside target of $1.383 USD has been reached and tested, leading to a likely continuation of retracement in the short term. Downside targets include $1.090 USD and $0.925 USD.

For more details, please follow W-Strategy | post account:
https://www.gate.io/post/AxMRBAQDWVVVBl9QQgO0O0OO0O0O555



<div class="blog-details-info">
<div>Author: **W-Strategy**
<div class="info-tips">\*This article represents only the views of the author and does not constitute any investment suggestions.
<div>\*The article’s content is original and the copyright belongs to the author. If reprinting is required, please indicate the author and source. In all cases, legal action will be taken due to copyright infringement.
</div>


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The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.

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