BTC Morning Outlook for 8/6:
The main Bitcoin candlestick pattern shows that on the daily chart, a long lower shadow appeared yesterday, indicating strong buying support at lower levels. On the 4-hour chart, a large bearish candlestick at 20:00 yesterday was followed by a few small rebounds, but the strength was limited. In terms of technical indicators, MACD on the 4-hour timeframe shows that both DIF and DEA are below the zero line. While the histogram has shortened, it still represents a weak signal; on the daily chart, MACD continues to diverge downward, indicating bearish dominance.
Trading Suggestions:
114500-114000🈳, target 113000-112000, stop loss at 114800
For the second option: 3650-3620🈳, target 3500-3450, stop loss at 3670
(The market changes rapidly, for reference only!)
