💵💵#BTC August 5 Market Overview
📈 Market Analysis
Overnight, the US stock market rebounded strongly, and Bitcoin rebounded from the bottom yesterday, reaching a high near the 0.5 retracement level of this round. After the US market closed, Bitcoin fell back after being pressured at that level, which is a very normal and healthy trend. Therefore, today we continue to maintain a bullish outlook, currently testing the 114,500 position downwards. Pay attention to the rebound strength at this support level; once a rebound forms, we can enter a small position first, and when it breaks 116,000, we can add to our position to chase long.
🎯 Trading Plan
1. After a rebound at the 114,500 support level, enter a long position
2. After a valid breakthrough of 116,000, enter a long position
