5. August Morning Market Analysis
The overall weekend market maintained a low-volume range-bound consolidation. This morning, after a brief dip, prices quickly rebounded. As for the BTC (“Big Pie”), after receiving support around the previous low of 63,700, it rebounded and is currently consolidating around 64,200. Price is being capped by the resistance zone near 64,500. Overall, it is still within a downtrend continuation structure. The second BTC (“Second Pie”) moves in sync: although it briefly broke below 1,870, buy-side support remained adequate. It has now returned above 1,870, but the rebound strength is weaker than that of the Big Pie, and there are no signs of independent strength.
From a volume/energy structure perspective, the morning’s long lower wick was not accompanied by meaningful volume. This suggests the bulls are mainly engaging in tentative bottom-fishing, with insufficient willingness to actively push prices higher. The moving average system remains in a bearish alignment; the short-term moving averages continue to press downward, and the room for any corrective bounce is limited. Overall, the market should be treated as a range-bound attempt to bottom. Do not judge that the bottom has formed too early just because of a single-pin dip pattern.
Trading Strategy
BTC (“Big Pie”)
Direction: Sell the rebound
Entry range: 64,400–64,800
Stop-loss: Above 65,300
Targets: 63,500–63,000; if it breaks down, look at 62,500
BTC (“Second Pie”)
Direction: Sell the rebound
Entry range: 1,880–1,900
Stop-loss: Above 1,930
Targets: 1,840–1,810; if it breaks down, look at 1,780
Risk Warning: Liquidity is relatively thin in the early session, and there is a higher risk of wick/needle spikes. Please strictly set and follow your stop-loss. If the Big Pie can effectively hold above 65,000 and the move is accompanied by increased volume, short positions should be exited decisively and moved to a wait-and-see stance.
#BTC #ETH
The overall weekend market maintained a low-volume range-bound consolidation. This morning, after a brief dip, prices quickly rebounded. As for the BTC (“Big Pie”), after receiving support around the previous low of 63,700, it rebounded and is currently consolidating around 64,200. Price is being capped by the resistance zone near 64,500. Overall, it is still within a downtrend continuation structure. The second BTC (“Second Pie”) moves in sync: although it briefly broke below 1,870, buy-side support remained adequate. It has now returned above 1,870, but the rebound strength is weaker than that of the Big Pie, and there are no signs of independent strength.
From a volume/energy structure perspective, the morning’s long lower wick was not accompanied by meaningful volume. This suggests the bulls are mainly engaging in tentative bottom-fishing, with insufficient willingness to actively push prices higher. The moving average system remains in a bearish alignment; the short-term moving averages continue to press downward, and the room for any corrective bounce is limited. Overall, the market should be treated as a range-bound attempt to bottom. Do not judge that the bottom has formed too early just because of a single-pin dip pattern.
Trading Strategy
BTC (“Big Pie”)
Direction: Sell the rebound
Entry range: 64,400–64,800
Stop-loss: Above 65,300
Targets: 63,500–63,000; if it breaks down, look at 62,500
BTC (“Second Pie”)
Direction: Sell the rebound
Entry range: 1,880–1,900
Stop-loss: Above 1,930
Targets: 1,840–1,810; if it breaks down, look at 1,780
Risk Warning: Liquidity is relatively thin in the early session, and there is a higher risk of wick/needle spikes. Please strictly set and follow your stop-loss. If the Big Pie can effectively hold above 65,000 and the move is accompanied by increased volume, short positions should be exited decisively and moved to a wait-and-see stance.
#BTC #ETH
