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‼️August 7 ‼️
1. US stock market trends:
-- The US stock market rebounded yesterday with a medium bullish candlestick, reducing risk. We will observe for three days to see if it can break through the daily resistance and continue to move upward.
2. #BTC:
--Continuous rebound, the key position has reached the 115334 resistance zone again, pay attention to the breakout of this resistance. A double bottom has formed on the 4-hour level. If it falls below the daily trend line near 112900 (daily closing price), exit with a stop loss. Be prepared for both scenarios.
3. #ETH:
--Continuing to rebound, with resistance around 3650 on the 4-hour level; effective breakout will follow with the resonance of BTC.
4. Current key support level for #BTC:
Pay attention to the resonance with the US stock market tonight.
• Upper resistance: The original support at 115334 has effectively turned into a resistance level. We will see if this time we can successfully break through this point on the next attack. The support below is at 112900. Long positions can be taken with light leverage for speculation, and stop loss is unconditional if the daily trend line is broken below 112879.
Note: Risk control should not chase after rising prices.