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0802 Bitcoin, Ethereum market report 💖💖 #白宫加密报告发布#
1. The Bitcoin price continues to show a weak trend amid the resonance of technical breakdowns and the release of risks after the tariff implementation, currently fluctuating between $112,700 and $115,600, facing a breakthrough test at the resistance level of $116,000 in the short term. If this level is broken, it may trigger short-seller stop-losses and buying follow-ups, pushing the price towards $118,500; conversely, if it retreats again, one should be wary of a re-test down to $112,000 (Bollinger Band lower limit) and the psychological level of $110,000. At the same time, pay attention to the sustainability of the daily closing price of $114,800(20 (20-day moving average); if it holds, it will establish a short-term bullish dynamic support, gradually forming a defensive formation; otherwise, it will continue to oscillate downward to the $108,000 region. Short-term support is concentrated in the range of $112,100 to $113,000, but the price has fallen below the 50-day moving average (or the strong upward standard of $115,000), so the required recovery period may be longer or the daily trading volume needs to be expanded to at least $60 billion or more.
✅✅Trading Suggestions: 1. Range Trading Strategy: If the weekend price remains in the range of 112000-115600 USD, you can adopt a high sell low buy strategy; Bullish: consider buying in batches in the range of 112000-113000 USD, with a target of 114500-114800, and set a stop loss around 111000 USD; Bearish: consider lightly shorting in the range of 115200-116000 USD, with a target of 113000 USD, and set a stop loss around 117000 USD.
2. Ethereum continues the recent adjustment trend, with the price falling below $3500. In the short term, it has entered a bearish-dominated downward channel. If it cannot quickly recover the $3500 mark (closing price $3520), the adjustment trend may continue. On-chain data shows a brief pause in the inflow of funds in the stablecoin market, a slowdown in new liquidity injections, and a high reduction in Ethereum futures contract positions, with a reversal of the long-short ratio favoring bears, reflecting a dominant bearish sentiment in the market in the short term. According to today's market, the $3430 position has repeatedly attracted buying in the intraday, forming strong short-term support. Combined with the support of the lower Bollinger Band at the 4-hour level, it can be seen as a short-term buying opportunity; if the price fails to hold this position, it may accelerate the decline to the $3330-$3360 range, which is an important bottom area, emphasizing the need for a rebound in conjunction with volume.
✅✅Operation suggestions: 1. Consider trying a long position with a light position in the range of $3430-$3450, targeting $3600, with a stop loss set below $3400; 2. If the price rebounds and is blocked at $3630, consider entering a short position, targeting $3520, with a stop loss near $3680; 3. Wait for a dip near $3350 to enter a long position with a light position, strictly stopping loss at $3280.
Special reminder: This article is for readers' reference only and should not be used as investment basis!!!