August 1 Market Interpretation
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Yesterday, we anticipated focusing on the 5-minute strength to find opportunities to short
Reviewing yesterday's 5-minute chart, it clearly provided signals for shorting on the bearish moving averages and breaking the neckline, with Ethereum dropping by $240
BTC dropped by $4000
This morning, a brief 5-minute rebound was noted, followed by continued decline
From the current chart observation, the 30-minute decline is continuing, and has not yet stopped falling
I am more optimistic about BTC retracing near the daily 60 moving average
ETH is focused on whether the 60 moving average on the 8 and 12-hour charts can stop the decline
If you missed the best position to short, you cannot chase it now
