Crypto blogger express
1. Top trader Dove Eugene Ng Ah Sio
Dove updated at 1:17 AM Beijing time on August 5:
Take profit on ETH long
(Dove took profit on ETH long around 3685)
2. Trader Vivian
Updated starting from 12:05 AM Beijing time on August 5:
Plan A and Plan B:
The black line is more likely to happen than the red line, considering that Wednesday is usually a high point. If it touches 114 during the session, we will close the current short position and reopen it on Wednesday. If it rises first, we will add to the short position and then wait for the drop.
Updated at 10:16 AM Beijing time on the 5th:
By the way, Plan A (black line) is being realized. 113-113.5K is a local bottom before reaching the peak on Wednesday.
There will be a big shorting opportunity on Wednesday night. In the meantime, as long as we see opportunities, we will do intraday trading.
Updated at 11:41 PM Beijing time on the 4th: Long-term BTC market analysis:
To be clear, there has been no divergence:
(Vivian believes that the lowest BTC before Wednesday is around 113.5K, then it will rise to a maximum of 117K on Wednesday, and then start to drop to around 110K, with a minimum of 108888, and then rise from around 110K to over 130K. When the BTC price is at 108888, she will enter the spot market; if it doesn't drop to 108888, she will also buy spot at market price on the 8th.)
3. Top trader Altcoin Sherpa
Updated tonight Beijing time:
These wicks usually provide good support/resistance levels, and these two areas are important for the upcoming $BTC trend. Overall, the price action seems a bit strange; the best strategy is to remain defensive and anticipate more volatile market conditions.
$HYPE has touched the 200-day moving average and seems to be building some kind of high time cycle bottom near this level. It remains one of the best projects in the crypto space, but it is uncertain whether the main rise has been completed in the medium term (I think it will eventually rise to $100+, but it may take some time).
(Joshua believes that BTC will mainly be volatile next, and should focus on defense. Hype may be bottoming out.)
4. Top trader Saint Pump
Updated tonight Beijing time:
Forward: Information: MEI Pharma has acquired Litecoin and launched a $100 million institutional treasury strategy, with Charlie Lee and GSR acting as advisors.
Comments say: This is the level of our leadership in the DAT meta-narrative. The next step is the Fartcoin treasury, and the next step after that is a bear market.
(Saint means that even LTC has institutions hoarding coins for financial treasury speculation; if meme coin treasuries appear later, that would be the peak of the bubble, followed by a bear market.)
5. Wave Theory Liu Yudong
Daily chart on August 5, 2025
115047 has passed, but it's not enough; it must break through 117436 to reverse the decline. A price below 117436 is weak. Today's support is at 111867.
(Liu Yudong believes that it is still just a rebound now, and it needs to rise past 117436 to have hope for a reversal; it may drop back to around 111867 at any time.)
5. Summary
Currently, these traders' overall views are still short-term bearish, bullish in the medium term, and looking for a bearish turn by the end of the year.
Vivian believes that once BTC rises after Wednesday, it will drop significantly to around 110K. Liu Yudong believes that it has not yet reversed, only rebounded, with support below at 111864. Dove chose to take profit on the long position and is not very optimistic about the short-term market. Joshua has directly taken a summer vacation for himself.
I personally think it's not quite right to go long now, BTC's daily chart is in a downtrend, and looking at the 4-hour chart, the rebound meets resistance at the moving average, continuing to fluctuate downwards to find a bottom. We need to wait longer for going long.
Of course, if it's intraday short-term trading, both long and short can find opportunities, just remember to set stop losses.
Since we are bullish on BTC and ETH in the medium to long term, we will wait for a big drop to buy spot at low prices, or use low leverage for long, which will make trading much easier, suitable for beginners and those who have incurred some losses earlier. It is best not to long and short at the same time; first, stabilize a bit.
Statement:
The above information is for reference only and is not trading advice. The cryptocurrency market is highly risky; participation should be cautious.
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