BTC ETH: As of 8/5, the current BTC market is in a state of low fluctuation and extreme contraction in trading volume, with both technical indicators and external environment not providing clear trend guidance. The technical analysis shows the price is close to a strong support level of 114054.3 and is accompanied by a bullish engulfing pattern, which may lead to a short-term rebound. However, the moving average system is in a short positions arrangement, and a death cross has recently occurred, indicating that the downside risk is not fully alleviated. The extreme contraction in trading volume further weakens the reliability of the trend signals. Bitcoin: Short positions can be taken around 114500-115000, with a short-term target near 113500; if broken, look for around 113000.


Ethereum: short-term sell target around 3600 near 3660-3680, if broken look at 35500 #BTC#
BTC0.91%
ETH4.33%
SOL0.43%
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