Market Analysis for BTC/ETH/SOL/DOGE on Saturday, August 2, 2025, 10:10 AM
That night saw a direct liquidation of 5 billion CNY, with 150,000 people going bankrupt! It was a sight too painful to bear, with the main focus on the long positions. BTC broke down into the range of 112,000-113,500, and ETH dropped to 3,426. We have reached that moment of price fluctuations where you can wake up to a few hundred or a few thousand dollars difference. However, the last time this happened was during the previous uptrend, and now it has become a downtrend!
Last night's strategy for SOL reached a low of 165.4 from the first wave at 165.6 and rebounded to 167.6, providing two opportunities to escape with a 2-dollar space. If you didn't escape, that's fine; in the morning session, it dipped to 159.2, and our second point at 159.5 was hit, with an average price of 162.55. Currently, it is fluctuating at 165, allowing for a solid 2+ space for profit taking!
DOGE hit the first entry point at 0.2025, and is currently consolidating at 0.2022, which is basically breaking even. It hasn't hit the second low buy point, so consider a small rebound for profit taking or a break-even exit!
ETH's three points last night saw the first wave hit a low of 3537.5, then hit 3545 (the live stream point was adjusted down to 3554.5), with a maximum rebound to 3585, barely providing a 30-40 dollar space. If you didn't set a take profit in advance, you won't be able to exit. The second point at 3486 was hit, with an average price of 3520.25 calculated based on 3554.5. Two positions were hit, giving opportunities to either break even or make a small profit before exiting!
BTC hit the second intra-day range of 112,000-113,500, with a low of 112,660, and is currently consolidating at 113,600, allowing for a break-even exit!
Weekend support for BTC is at 112,000/109,500/107,500, with resistance at 114,500/115,500/116,411
ETH support is at 3,339-3,354, with resistance at 3,605/3,715
Last night's rebound strength was weak, and it failed to break through the 5-minute ultra-short MA250 in the first half of the night, showing weakness. In the early morning, if it makes a new low, it aligns with the indicator trend!
SOL support is at 147/133, with resistance at 170-174
Currently, 167 is a key point, a dividing line between long and short!
DOGE support is at 0.18/0.1515/0.13/0.114/0.1
For long-term spot trading, set up buy orders in batches and wait for your moment; you never know when it might hit, allowing you to buy in batches!
Weekend operation suggestions: both long and short positions can be taken. For short positions, wait for bullish signals, and for long positions, wait for double bottoms or volume divergence signals in the early morning!
