Bitcoin continues to decline sharply, with signs of consolidation appearing on the daily chart. The market remains weak, with selling pressure almost unresisted and no effective rebounds formed. Even brief upward movements on the five-minute chart have not been seen, and the price is trending downward unilaterally without any pause.
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Friday afternoon, August 2nd, BTC/ETH Silk Share
Bitcoin continues to decline sharply, with signs of consolidation appearing on the daily chart. The market remains weak, with selling pressure almost unresisted and no effective rebounds formed. Even brief upward movements on the five-minute chart have not been seen, and the price is trending downward unilaterally without any pause.
Operational suggestions:
Bitcoin (BTC) in the 64,800-65,300 range to buy, target 62,500
Ethereum (ETH) in the 1,890-1,910 range to buy, target 1,790
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