August 5th, Monday's Bitcoin and Ethereum Latest Trading Strategy:
From the daily chart perspective, Bitcoin has experienced a strong rally driven by consecutive bullish candles, and it is currently showing a bearish candle indicating a correction. However, this seems more like a "brief pause signal" during the ongoing trend rather than a sign of trend reversal; the overall bullish trend remains solid.
From the 4-hour chart perspective, there is currently no clear rebound momentum during the pullback process, which indicates that the support level below has not yet been confirmed. In the subsequent layout, we will continue to focus on buying low.
Bitcoin: 113800 as a support line, with a stop at 113200, and a target of 116000-117500.
Ethereum: 4840 as a support line, with a stop at 4800, and a target of 4950-5000.