1. US Stock Market Trends:
Yesterday, the US stock market rebounded and corrected without a significant drop, and the risk of downward pressure remains on Friday, which has not yet been completely reversed.
Watch for three days to see if it can break through the daily resistance line or form a reversal candlestick.
2. #BTC：
Slight pullback, #BTC's pullback is limited; here, the decline looks like an opportunity, and there is an expectation for a reversal upward trend for long positions.
Yesterday, there was an opportunity to enter at the 4-hour level, and the pullback is ongoing. The target of 113000 has been completed, and the opportunity to enter at 112000 might not present itself again. We might consider this adjustment officially over around 4 a.m. on August 7. The double bottom structure at the 4-hour level has formed, and while the rise is not unexpected, the adjustment has essentially reached its limit. If it breaks below the daily trend line near 112588 (the daily closing price), stop-loss and exit, prepare for both scenarios.
3. #ETH:
Slight pullback, secondary 4-hour level probing for the bottom, still feels like it hasn't fully reached, and the subsequent resonance with BTC may indicate limited downside potential. Still waiting for opportunities around 3400; aggressive traders might consider opening long positions now for trial and error, with a stop-loss at 3300 points.
4. Current key support level for #BTC:
Pay attention to tonight's resonance with the US stock market.
• Upper pressure: 115334, where the previous support has turned into a resistance point and remains effective. Watch whether it can effectively break through this level with another upward attack. The minor support below is at 111920.
Long position entry points are at 113000 and 112000, but avoid heavy investment in long positions. Keep short positions unchanged. The stop-loss is unconditional at 112879 if the daily trend line is breached.
Opportunities are coming; assets can double! Stay close to Biao Ge for easy big profits.
Continue to pay attention to: PROVE, TOWNS
