BTC and Altcoin Analysis August 6: Weak Rebound, Altcoins at Risk

114100 has changed from a support level yesterday to a resistance level, drawing a downward trend line. To strengthen, it needs to break through the downward trend line and create a higher high.

Yesterday, support was found at the neckline of the W bottom at 1128000, but the rebound strength looks weak.

So there is a possibility of a secondary test of the bottom in the 111900 area on the daily chart.

From the perspective of BTC.D market share, it basically replicates the movements of the previous two times, so players heavily invested in altcoins need to be cautious $BTC #加密股IPO季