#美国加征关税 8.1 Morning Market Overview: BTC Daily Line Four Consecutive Reds

BTC opened the day with a long upper shadow and a large bearish candle, marking the beginning of a four-day decline with the bottom still lowering. The daily line closed at the support level of 11.56.

Bitcoin has formed a reverse U-shaped arc top, starting to pull back after forming an arc top at 11.87. Powell's speech ended the possibility of an interest rate cut in August, and institutions are betting on a rate cut in September; with the news wrapping up, it should be time for a market rebound.

A bullish morning star appeared on the 1H chart, waiting for multiple retests of the 11.56 level without breaking it or a pullback above after a drop to go long, with a reversal at 11.48, targeting around 11.64 and 11.76 for a possible rebound; currently, 11.64 is a position where support and resistance have switched, you can choose to chase long after a stable breakthrough or go short if it breaks back down, with a stop at 11.72, targeting around 11.56 and 11.48; currently, support and resistance are being retested, and choosing to trade based on right-side breakouts or breakdowns is more prudent.

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