August 3 Market Analysis

Last night, the cryptocurrency market continued to decline, with Trump's dismissal operations ongoing, creating a turbulent situation with far-reaching implications. The self-proclaimed fairness and transparency of the United States since World War II is being undermined, leading to dual doubts in the market regarding the credibility of data and the independence of the Federal Reserve. The global loss of credit will be terrifying, especially the destruction of government credibility, which has far-reaching effects. Remember, Wall Street was initially just a small town, and it was built on integrity and the spirit of contracts, which led to the development of financial securities and everything that followed. Thus, this shift has profound implications. On another note: Russia has repelled the attack of British mercenaries, showcasing the complexity of geopolitics! Bitcoin has dipped to 111,900, while Ethereum has turned south to test 3,366.

Technically, the structure at 123,290 remains under pressure, and the southward movement is relatively steady. Events-driven trends should not be treated with conventional tactics. The structural southward movement has not been established, and the confirmation of three sales at the central position breaking indicates evidence. Based on structural demand and logic, the support below is: 105,000-108,000-110,700, with the main trend center being: 100,000-110,700. In the 4-hour timeframe, the price's high points are showing a bearish candlestick arrangement, indicating strong bearish momentum. The MACD shows that the fast and slow lines are obviously slowing down below the zero axis, suggesting that a correction is about to occur. The momentum bars are expanding and then shrinking.

Bitcoin Strategy: Long positions create short positions, focusing on short-term profit protection.

Long around 110,500, stop loss at 100,300, direct at 114,000-115,000.

Short at 114,050-114,800, add at 115,680, stop loss at 116,200, direct at 110,500.

Ethereum:

Technically, the northward surge has failed, and the southward structure is developing. The breakdown below 3,400 shows a clear bearish impact on the market. The main structure moving north is diverging, and the destruction of the main center indicates that 3,000 is in sight. The logical arrangement of the 4-hour candlestick is evident, with a bullish trap candlestick combination appearing. The second phase of the expansion is about to be realized; the MACD fast and slow lines show a clear slowing below the zero axis; the momentum bars are beginning to shrink.

Ethereum Strategy:

Long around 3,315, stop loss at 3,300, direct at 3,480-3,500.

Short at 3,596, add at 3,663, stop loss at 3,680, direct at 3,141-3,040.

Daily Reminder: Open positions must include a stop loss; do not open positions without a stop loss.