Bitcoin and Ethereum trading advice and direction sharing on August 2nd
Today, Bitcoin is strongly dominated by the bears, plummeting like a waterfall, falling from the early morning peak of 118850 to around 113871 now, with a range fluctuation of nearly 5000 points, the market is significant. Lao Zhao and the students have also made some small gains, with one long and one short position set up today. The morning's bullish analysis was once again validated when entering the market at 116170 to catch the bullish trend. After dropping to 114665, the position was exited, netting another 1500 points. Ethereum moved in sync. In the evening, the bullish strategy advised to enter the market at 114564, and exit at 115822, netting another 1258 points. Let's come together: inching closer to the things we like,
After experiencing consecutive rises in the weekly chart, the market once again shows a candlestick pattern with a long shadow. The struggle between the bulls and bears continues to be dominated by the bears, and the signal for a trend change is still unclear. Although the daily chart has occasionally shown bearish adjustments, they have mostly presented in fragmented bearish forms. Currently, it has turned into a series of bearish adjustments. Despite some rebounds during the day, the second dip has swallowed previous gains, marking the official entry into the adjustment phase. Although there has been a technical rebound in the short cycle, the overall rebound strength is limited, and the upward pattern is under pressure. The midnight suggestion is to look for bullish opportunities on dips,
Buy Bitcoin around 115000 to 114500, focus on 116500
Buy Ethereum around 3580 to 3560, focus on 3620
