August 4th BTC/SOL/ETH Market Analysis:

A new week has begun. Last week saw four consecutive days of declines, with an overall drop of approximately 5%, which discouraged most bulls. The market outlook, as previously mentioned in live broadcasts, was that after breaking below EMA15, the MA50 would find support and then rise again. Currently, the daily chart is rebounding from support at the MA50.

$BTC : Today, watch for a break below 113700 on the 1-hour chart. If so, support will be sought at 113000 and 112200. Upward rebound resistance is at 116200 and 117300, which are daily resistance levels.

$SOL : Downward support is at 159 and 156. Once the 166 resistance level holds, a 1-hour closing price above 166 is required for a strong rebound to reach 172 and 176. $ETH Today's support lies at 3430 and 3370. The upper resistance level, 3615, requires a one-hour closing above this level to see a rebound to 3675 and 3766.

In summary, the daily chart found support at the MA50 and closed above the daily bottom pattern. This aligns with our theory and warrants a bullish outlook. Rather than being scared off by the market, a rebound here warrants another pattern formation. Whether it forms a shoulder pattern or a head pattern remains to be seen, so we need to wait and see. #加密市场反弹