August 7 Analysis

Overnight, the market continued to rally around the follow-up on tariffs and Trump's arrangements for interest rate cut candidates, overall having little impact on the market, with many market sectors experiencing fluctuations. Bitcoin surged to 11500, Ethereum was under pressure at 3700; gold fluctuated below 3400.

Technically, the downward structure has not been broken. Attention is needed for the breaking central area: 115600-119900, main trend central area: 100000-110900. On the 4-hour chart, the candlestick pattern has shown pressure, with a retest of 115600, and the structural demand has not ended. MACD shows the fast and slow lines running below the zero axis and then rising again, indicating weakness. The momentum bar's zero axis has shrunk before expanding, forming divergence.

Bitcoin measurement:

Long position at 113400, stop loss at 112700, direct operation: 114500-115500.

Short position at 115400, stop loss: 115900, direct operation: 113400-114400.

Ethereum:

Technically, the effect of the breaking area is released, a predetermined market correction unfolds, with 3730 still showing demand. The downward breaking central area is 3725-3888, structural support; 3440-3535. The 4-hour platform candlestick arrangement shows that near the 3700 line is still key; MACD fast and slow lines are above the zero axis showing signs of pressure and the trend is gentle; the operation of the momentum bar shows that the divergence has not yet been established.

Ethereum measurement:

Long position at 3640, stop loss: 3627 take profit at 3685-3725-3750, breaking up to enter the 3880 area.

Short position at 3685, stop loss 3697, direct operation 3650-3635, breaking down to look at 3575.

Daily reminder: Always set a stop loss when opening a position; do not open a position without a stop loss.