August 5th Afternoon Bitcoin and Ethereum Trading Suggestions and Direction Sharing

When the market falls into a freeze point, and the trading seems as if it has been paused, many investors panic and sell off, firmly believing that the cryptocurrency market has reached its end. However, the wheels of history always turn quietly in despair — the law of "extreme leads to reversal" has never failed; beneath the seemingly quiet market, new cycles often hide the power to break ground. During the long hibernation period, true wise individuals never waste time. They spend 80% of their time meticulously studying on-chain data, reviewing bull and bear cycle patterns, optimizing risk control models, and even cross-learning token economics and quantitative strategies. These seemingly "useless" accumulations are precisely the tools forged for the explosive market in the future, and the morning’s long positions are still ongoing.

From the previous market view, the current price is below the middle track, within the range of the lower track and the middle track of the Bollinger Bands. The distance between the upper and lower tracks is narrowing, and the Bollinger Bands are in a converging shape. Currently, short-term volatility has weakened, and the price stops moving downward as it approaches the lower support level. The lower support shows some resilience, indicating that we are in a phase of consolidation and accumulation for a rebound. There is a tug-of-war among bullish forces, and right now the bullish sentiment is slightly weak, with bearish candlestick bodies dominating: bearish forces still dominate the short-term trend, but long lower shadows have weakened the downward momentum, limiting the space for decline. The short-term trading suggestion remains the same as in the morning: if it does not break below 114,000, I personally suggest maintaining a bullish perspective. Actual operations need to flexibly adjust strategies according to real-time market changes. For Bitcoin, watch 114,400 to 114,000; for Ethereum, watch 3,640 to 3,620, and pay attention to 3,7000#比特币 #以太坊 #比特币超话 .