‼️August 5 ‼️

1. US stock market trend:

-- The US stock market rebounded violently yesterday, and the risk of not covering Friday's bearish line still exists. If there is a strong rebound, we should pay attention to whether the pressure zone created by tonight's upper daily trend line can be overcome.

2. #BTC:

--With the violent rebound of the US stock market, BTC's overall market continues to recover. Here, we still only look for rebounds, not reversals; there are many opportunities. Yesterday, the 4-hour level did not provide an entry opportunity; a retraction is needed. Be patient and wait within the next 24 hours for possible entry opportunities for long positions at 113000 or 112000. The double bottom structure at the 4-hour level provides better chances for a second dip. If there is no opportunity and it goes straight to 122000, be prepared to short. Two-hand preparation.

If you haven't gone long, just wait for a while. Don't be afraid of missing out; the market will give you opportunities.

3. #ETH:

--Yesterday it surged to the 3700 mark, proving that ETH is relatively strong this time with a rebound exceeding expectations (for strong currencies, do not short when bearish; wait for opportunities to go long). The consensus is to wait for a pullback to enter. For aggressive longs, the entry point is adjusted to around 3550, 3500; place orders for longs near this point. For conservative traders, wait for a second bottom on the 4-hour level to go long around 3400. If there are any trapped short positions from yesterday, wait for a pullback to close them around the opening price, which is about 3500.

4. The current key support level for the market #BTC:

Pay attention to the resonance with the U.S. stock market tonight.

• Upper resistance: The original support at 115334 has turned into a resistance level and remains effective, with a minor support below at 111920. Entry points for long positions are at 113000 and 112000, with long positions not to be heavily weighted. Short positions remain unchanged. Set a stop-loss without conditions at 112879 if the daily trend line is broken.

Note: Patience in waiting for hunting opportunities is also a skill that a good hunter must possess.