Market Insights The altcoin market is further diverging, with Bitcoin showing false strength and true weakness. As I mentioned in my previous post, Bitcoin believers (laser eyes) are going through a tough time. Since July, Bitcoin has hardly seen any significant gains, with almost all increases being false breakouts. From July to August 14, it was ETH leading the charge. After ETH's rise, SOL has taken over. ETH has also been very weak during these recent adjustments. As SOL rises, it seems that very few other altcoins are keeping up, except for a few SOL ecosystem tokens like JUP and JTO. The impact of SOL is still much weaker compared to ETH. Most altcoins have not followed the rebound since Bitcoin dropped to 108,700, showing a clear divergence. The reason is likely that most market makers follow BTC and ETH, so without gains in these two coins, altcoins rarely rise independently. We can observe that even SOL-related memes are the same; the reason is expected to be that after being listed on exchanges, the market-making style of these memes also follows BTC and ETH rather than SOL, leading to a betrayal of SOL and resulting in a lack of momentum. I estimated that there would be a hedge against PCE today around noon to afternoon, but I did not anticipate that Bitcoin's "hedge" could directly drop below 112,000. Thus, the support in the 110,000-108,000 range is being tested again. As the saying goes, if this support cannot hold, it will break down to around 105,000. Currently, the most favorable scenario for bulls is that tonight's PCE report brings positive news that could lead to a market rebound. If the PCE report positively impacts BTC and stops its decline, I expect altcoins could rebound by 5-10%. If the PCE report is unfavorable, Bitcoin may test the 105,000 range again to see the reaction at that level. This article is sponsored by #BCGAME | @bcgame @bcgamecoin