💵💵#BTC August 4 Market Overview

📈 Market Analysis

After testing the support area of 110,000 yesterday, Bitcoin formed a rebound signal on the daily chart and has successfully reclaimed the 0.618 retracement level. At the same time, Bitcoin CME futures have successfully filled the gap and opened back up this morning.

This is a rare bullish trading opportunity, with an upper target of 120,000, providing a space of 6,000 dollars. Please seize this opportunity. The hourly chart has formed a bullish start signal, so you can enter a small position initially, and then add more when it pulls back to the lower support.

🎯 Trading Plan

1. Enter at the current price

2. Enter long at the lower support level on a pullback