On August 3, Bitcoin rebounded from a low of $112,248 to $114,234, firmly holding the key support level of $114,000, but failed to break through the resistance zone of $115,000. The price has been oscillating repeatedly between the support level of $114,000 and the resistance level of $115,000, down about 6.6% from the July high of $123,128.

From a technical perspective, the daily MACD shows a bottom divergence signal, with short-term rebound momentum strengthening. However, the 4-hour Bollinger Bands are opening downward, indicating that it is still in a consolidation and correction phase.

The first support level is $113,200, the second support level is $112,000, and the third support level is $111,000.

The first resistance level is $115,000, the second resistance level is $116,500, and the third resistance level is $118,000.

In terms of sentiment and funds, the fear and greed index for Bitcoin has dropped to 53 (neutral zone), and ETF funds have been flowing out continuously (net outflow of 949 BTC on August 1), but the proportion of long-term holders on-chain remains high.

In terms of macro impact, weak U.S. non-farm data has raised expectations for interest rate cuts, but tariff policies are putting pressure on risk assets.

For long positions, it is suggested to enter lightly if it stabilizes near $113,500, with a stop loss at $112,500 and a target of $115,000.

For short positions, if it rebounds to $115,000 and faces pressure, short to $113,000 with a stop loss at $115,500.

Currently, Bitcoin is in a consolidation and correction phase, with a short-term focus on the contest at $115,000. It is recommended to mainly adopt a high-short low-long strategy, with strict stop losses.