Evening Analysis on August 2

U.S. stock market faces downside pressure, bears may welcome a sustained push window

Recently, strong U.S. economic data has continued to drive the stock market to new highs, but the non-farm payrolls report for July released yesterday fell short of expectations, causing the stock market to open lower and decline further, with the Nasdaq dropping over 2%. At the same time, Trump signed an executive order to implement "reciprocal tariffs," with tax rates ranging from 10% to 41%, leading to increased trade pressures. Considering the macroeconomic expectations for the second half of the year and the current market sentiment, the market may enter a two to three month adjustment cycle, during which bearish forces are expected to be released.

From a technical perspective, the trend remains bearish

The current price is running along the lower Bollinger Band on the four-hour chart, with an overall weak trend; after a large bearish candle, only a small bullish recovery is seen, with the rebound lacking volume, clearly showing strong bearish characteristics; the Bollinger Bands are widening, with the lower band probing downward, and bearish momentum continues, with no clear support and no signs of a bottom yet. The short-term trend has not reversed, and the intra-day strategy still leans towards shorting on rallies as the main approach.

Personal Recommendation

Bitcoin $BTC : Enter long at 114800-115600, target down to 112000, long-term view at 108000

Ethereum $ETH : Enter long at 3550-3580, target down to 3400-3320, long-term view at 3100 #加密项目 #美国加征关税 #加密市场回调 #美国初请失业金人数