Crypto world Mr. Coin: 8.1 Bitcoin (BTC) market analysis reference;

Bitcoin maintained a downward trend overall yesterday, with the previous fluctuation range already broken, and support has moved down to the 116000 level. The intraday trend continued to pull back during the early hours, and the current price is operating around the 116500 line. The daily level trend still maintains a weak consolidation, and during the day, taking advantage of the wide fluctuations, if it breaks below the 116000 short-term support again, the market is expected to further retract downwards. Mr. Coin advises all coin friends to be well prepared.
The 4-hour level shows consecutive bearish candlesticks, with the latest K-line breaking the previous low of 116763.43, forming a short-term downtrend. At the daily level, consecutive bearish closes occurred from July 28 to 31, accompanied by increased volume, indicating significant selling pressure. MACD: After the 4-hour level DIF and DEA dual lines form a death cross, they accelerate downwards, with the histogram expanding to -252.63, indicating strong bearish momentum; the daily level MACD histogram shifts from positive to negative (-1143.2), showing a weakening trend. EMA: The price breaks below the 4-hour EMA7 (117530.94) and EMA30 (117950.06), and the daily EMA7 (117744.07) is turning downwards, with clear short-term moving average pressure. Overall, in the crypto world, recent fluctuations between bulls and bears are evident, with no breakout above the 120,000 mark and no drop below the 115,000 support level, so the weak oscillation pattern is expected to continue. There is still a risk of price retracement to the lower support within the day, and it is still recommended to operate within the large range by shorting at high points and going long at low points.
Crypto world Coin Mr.: 8.1 Ethereum (ETH) market analysis reference;
Short the range of 118500-119501, defend at 121500, stop loss at 500, target below 117500.
Test the position in the range of 114500-115500, defend and add to the position at 112500, stop loss at 500 points, target above 116500 #PI# #BTC# #ETH#