Analysis of the trend on August 4, $BTC 8!
Bitcoin is currently in a rebound trend during the day, with a support level at 112,000 that has rebounded by over 2,000 dollars, and the gap has been completely filled.
At present, the daily level trend of Bitcoin is still in a correction phase, which means that this wave of daily-level correction has not yet completed. Therefore, the trading strategy is recommended to focus on short positions.
For the night rebound, the resistance can be referenced around 115,000-116,100 (if the price rebounds to these two levels, consider short positions). Only if the daily level stabilizes above these two levels can this wave of daily-level correction be considered completed, and the market will have a chance for a second upward surge.
Before the daily level stabilizes above this resistance zone, pay attention to the support at the four-hour level around 113,200. This area is likely to become a small level of support, and after a pullback, the moving average will trend upwards, aiming for an upward trend at 113.
News:
Trump is superficially repairing employment data, but in fact, it is to promote the interest rate cut process; old Trump is still crazily protecting the market.