Market Analysis for August 1

On the first day of August, Bitcoin broke through $116,000 for the second time, with a rather difficult start. Looking at the current situation, there is a possibility of breaking down into the $116,000 to $119,350 range, and the risks may intensify at any moment. Those who followed the strategy and exited a few days ago are fortunate!

Today’s Strategy

Bitcoin Short-term Trading
3-layer position current price bet on rebound back to

116000→117700→118400→119350 US dollars to exit

For the medium to long term, you can wait for a pullback to

Buy within the range of $112,000 to $108,000.

Ether Short-term Trading
3-layer position current price bets on a rebound back to

Get off at 3720→3760→3810→3860 US dollars

For the medium to long term, you can wait for a pullback to
Buy in at the 3450→3250 USD range

The eft continuation tokens are all following Bitcoin's pullback and bearish fluctuations. Bitcoin and Ethereum have reached a buy point where a portion of the position can be entered. Similarly, Bitcoin and Ethereum have reached a sell point where positions can be exited.

Spot intraday order, invalid upon expiration, waiting for the next new strategy.

(Note: The above analysis does not constitute investment advice. The market is constantly changing, and strategies need to be adjusted dynamically based on real-time data.)
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