Evening outlook for 8/1:
The price of Bitcoin has continued to decline from the high point of 118900. Currently, it has rebounded at the lower limit of the Bollinger Bands after a spike, with market sentiment leaning bearish. In the short term, looking at the 1-hour chart, the price is fluctuating between 114100-116100. If it effectively breaks the support, it may continue to decline. However, in the evening, Murphy still has a favorable outlook for a rebound, so the strategy should be to buy at lower levels.
Trading suggestions:
Buy at 114000-114500, target 115600-116600, stop loss at 113700
For the second option: Buy at 3600-3620, target 3720-3820, stop loss at 3570
(Note: The market is ever-changing, for reference only!)
