Morning Thoughts on August 6

Yesterday, the big coin started from the low point around 112600, rose to around 113900, then briefly pulled back, and subsequently surged again, currently oscillating around 114000. The strategies from yesterday morning and evening were successfully validated. From a technical structure analysis, looking at the 4-hour candlestick chart, the big coin has recently shown a downward oscillation followed by attempts to stabilize. It is in a phase of oscillation forming a bottom, with a tug-of-war between bulls and bears; the downward momentum is weakening, but there are insufficient signals for an upward breakout. The 1-hour level shows that the price has broken above the mid-line, indicating that short-term bullish strength is dominant, pushing the price to rebound. The DIF has crossed above the DEA, forming a golden cross, and the green bars have quickly converged to turn red, indicating a significant reduction in downward momentum. The short-term reversal signal is quite strong, and a low buy operation can be considered in the morning.

Trading Suggestions

Buy the big coin around 113400 to 113700, with a target of around 114800 to 115500.

Buy the altcoin around 3580 to 3600, with a target of around 3640 to 3670.