August 2nd Bitcoin (BTC) Contract Technical Analysis: In terms of today, the large cycle daily level closed with a small bearish candle yesterday, the K-line pattern shows consecutive bearish movements, the price is high but below the moving average, and the auxiliary indicators are running with a death cross. The overall trend of decline is very obvious. We have been emphasizing the price's range fluctuations, and the consecutive declines over the past two trading days have led to a clearer downward breakout, thus maintaining a bearish outlook on the trend; In the short cycle hourly chart, there was a decline during the European session which was corrected in the US session with a second downward pressure breaking the low, correcting the high point around the 116,000 area. This morning, there was a support rebound, and the current K-line pattern shows consecutive bullish candles, while the auxiliary indicators are running with a golden cross. However, the overall trend shows a significant downward pressure, so caution is still needed for long positions. Additionally, with the weekend approaching, we should observe more and act less, without rushing. Real-time layout guidance for trading will be provided, and updates will be given in the member group at #BTC走势分析 $BTC .