🔥🔥🔥August 5th Morning Analysis:
Overnight, market speculation around interest rate cuts has once again heated up, with non-US assets continuing to strengthen. Trump has repeatedly 'reshuffled' the Federal Reserve to promote the interest rate cut process, and his strong statements show his firm stance on monetary easing.
As a result, Bitcoin has moderately risen to around 115600, while Ethereum is testing the 3730 line. From a technical structure perspective, the current 'southward' trend has not been broken and remains within the main trend framework.
Two key central points need to be closely monitored:
Short-term breakout central point: 115600-119900
Main trend central point: 100000-110900
In terms of technical indicators:
The 4-hour chart shows a signal candlestick, suggesting that the market may face a pullback;
The MACD fast and slow lines are approaching the zero line, indicating a slowdown in momentum and signs of pressure;
Momentum bars are shrinking simultaneously, requiring caution for short-term adjustments.
【Bitcoin Trading Strategy】:
Long Position Strategy:
Entry Point: 113300
Stop Loss: 112800
Target Point: 114300-115500
If it breaks above 115600, it is expected to further challenge 119000.
Short Position Strategy:
Entry Point: 115400
Stop Loss: 115800
Target Point: 113500-114000
If it breaks below 113300, look for support around 108000.
【Ethereum Analysis】:
Ethereum shows significant pressure after testing the breakout area and may face corrections in the short term.
Key breakout central point is located at: 3725-3888
In terms of technical indicators:
The 4-hour chart shows a medium bearish candlestick, with increased trading volume, indicating a divergence between volume and price;
The MACD fast and slow lines have a golden cross close to the zero line, with momentum rising slowing down;
Momentum bars have peaked and are retreating, increasing the risk of short-term adjustments.
【Ethereum Trading Strategy】:
Long Position Strategy:
Entry Point: 3600
Stop Loss: 3583
Target Point: 3630–3665–3700
If it breaks strongly, it could challenge 3800 again.
Short Position Strategy:
Entry Point: 3715–3730
Stop Loss: 3747
Target Point: 3550–3625–3675
