August 1 Bitcoin (BTC) Contract Technical Analysis: Today, in terms of the overall situation, the daily chart of the larger cycle closed with a medium bearish candle yesterday. The K-line pattern shows a continuous downward trend, with prices below the moving averages. The auxiliary indicators are showing a death cross pointing downwards, indicating a clear advantage for the overall downward trend. However, it is still necessary to pay attention to the continuity of the upcoming price movements and the strength of any rebounds, as these are the main rhythms of recent price movements and there are many stimuli from the news. Therefore, caution is warranted to prevent a shift in market conditions. In the short term, the hourly chart showed a decline during the European and American trading sessions yesterday, continuing into the early morning. After breaking the low point, there was a rebound for correction, but prices are still consolidating at a low level. From this perspective, the focus today will mainly be on correction, with not much significant action expected, so it is advisable to watch more and act less, focusing on the strength and weakness of the European trading session and the non-farm payroll data in the evening; #BTC走势分析 $BTC