BTC Midday View on 8/6
BTC daily chart shows the market is in a typical range-bound pattern, with a support level at 111200 and a resistance level at 118350. The technical indicators suggest a weak trend, with moving averages in a bearish arrangement; however, a bullish engulfing pattern has recently appeared, indicating a potential reversal possibility. The afternoon trading suggestion is to mainly focus on low positions for long trades.
Trading Suggestions:
Buy at 113000-113200, target 114500-115500, stop loss at 112700
ETH: Buy at 3530-3560, target 3670-3770, stop loss at 3500
(The market changes rapidly, for reference only, primarily based on market conditions)
