‼️August 6th ‼️

1. US stock market trends:

--The US stock market rebounded yesterday without a significant drop, but the risk of Friday's bearish line pressure still exists and has not yet completed a reversal. Pay attention over the next three days to see if it can break through the daily pressure line or form a reversal candlestick.

2. #BTC:

--Slight pullback, #BTC's pullback is limited, here the decline looks for opportunities, expecting a reversal rally for long positions. Yesterday there was an entry opportunity at the 4-hour level, a pullback is in progress, targets of 113000 completed, missed the opportunity to enter at 112000 may not give chances again. We might consider this adjustment officially over at 4 AM on 8/7, the double bottom structure at the 4-hour level has formed, and an increase would not be surprising as the adjustment is basically in place. If it breaks the daily trend line around 112588 (daily closing price), stop loss and exit, be prepared for both.

3. #ETH:

--Slight pullback, testing the bottom again at the 4-hour level, still feels like it's not quite there, and later the resonance with BTC might mean it won't drop much further. Still waiting for opportunities around 3400, aggressive traders might try opening long positions now with a stop loss at 3300.

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

Pay attention to the resonance with US stocks tonight.

• Upper resistance: The original support at 115334 has turned into a resistance level, which remains valid. We will see if this time the attack can effectively break through this point. There is a minor support below at 111920. The entry positions for long positions are 113000 and 112000, but one should not heavily invest in long positions. The short positions remain unchanged. If the daily trend line is broken, an unconditional stop-loss at 112879.

Note: Being patient and waiting for hunting opportunities is also a skill that a good hunter must possess.