Quick assessment $BTC on August 6:

- D1 frame: BTC had a sharp drop from 115xxx to 112xxx yesterday. During this period, I advised everyone to exit their positions properly and managed to secure a short position that was quite good.

Today's D candle is still in a downtrend, however, signs of an upward movement have appeared, so I advise everyone to start going Long again in the 113xxx range and have a clear DCA strategy.

Support: 112000-112500

Resistance: 115000 - 116000

- D4 frame: The candle will close in 2 days. As I mentioned in yesterday's post, if this D4 candle does not push BTC back up to the 115-116 range, it will officially fall into a downtrend. This would be very bad as BTC could drop all the way to the 10x range.

- W frame: Still in an uptrend, the chart is still unclear and needs more new information for better analysis.

=> Assessment:

- BTC is very close to a new upward movement, it may drop another short period, so I still prioritize going Long.

- I believe this range is sufficient for BTC to rise again. At the very least, it will increase a few thousand more in this upward phase.

- I will update the detailed plan in the chat.

Wishing everyone success