Crypto Mr. Coin: 8.1 Bitcoin (BTC) market analysis reference;

Bitcoin maintained a downward trend overall yesterday, with the previous range of fluctuations being broken, and support shifting down to the 116,000 position. The intraday trend continued to correct in the early morning, and the current price is operating near the 116,500 line. The daily level trend still maintains a weak consolidation, taking advantage of the wide fluctuations during the day. If it falls below the short-term support of 116,000 again, the market is expected to pull back further down. Mr. Coin advises all coin friends to be prepared.

The 4-hour level shows consecutive bearish candles, with the latest K-line breaking the previous low of 116,763.43, forming a short-term downward trend. The daily level showed consecutive bearish closes from July 28 to 31, accompanied by increased volume, indicating significant selling pressure. MACD: The 4-hour level DIF and DEA dual lines have crossed and accelerated downward, with the histogram expanding to -252.63, indicating strong bearish momentum; the daily level MACD histogram has turned from positive to negative (-1143.2), indicating weakening trend. EMA: The price has broken below the 4-hour EMA7 (117,530.94) and EMA30 (117,950.06), and the daily EMA7 (117,744.07) is turning down, with clear short-term moving average pressure. Overall, Coin is currently alternating between bullish and bearish positions, in a large range, with no breakthrough above the 120,000 mark and no drop below the 115,000 support, so the weak fluctuating pattern is expected to continue. There is still a risk of pulling back to the lower support during the day, and it is still recommended to operate in the large range with high shorts and low longs,

Crypto Mr. Coin: 8.1 Ethereum (ETH) market analysis reference;

Short entry point in the 118,500-119,501 range, with a defense at 121,500 to add positions, stop loss 500, target below 117,500,

Long entry point in the 114,500-115,500 range, with a defense at 112,500 to add positions, stop loss 500 points, target above 116,500 #美国初请失业金人数 #白宫数字资产报告 #美联储利率决议 #BTC #ETH