August 5 $ETH $BTC Market Analysis: The Bullish Rhythm Isn’t Over Yet!
From the current market layout, the bulls still firmly hold the initiative. Every round of upside is breaking the prior high, and every pullback’s low point is also being lifted higher, indicating that the capital absorbing the market remains sufficient and that the overall uptrend has not been broken.
At present, the pullback strength is clearly on the weak side. The bears have not managed to deliver any effective suppression. As long as the key support levels are not lost, the day’s movement is likely to continue the range-bound upward rhythm. Instead of waiting for a deeper pullback, it’s better to follow the trend. Currently, the main approach remains to look for long entries on dips.
Today’s trading suggestions:
BTC: Buy in batches around 63,700–64,000, targeting around 65,000.
ETH: Buy in batches around 1,830–1,850, targeting around 1,900–1,930.
The trend is upward, and pullbacks are opportunities. As long as price hasn’t fallen through the key support, continuing to go long with the trend remains the main idea for today—do not go against the trend to try to top-tick and short.
If you’re still on the sidelines in cash, you’re welcome to join Lin Jie’s chat room to learn the first entry timing.
#GoldRisesForThirdDay #SpaceXFallsOnAISpendingAfterDebutEarnings
From the current market layout, the bulls still firmly hold the initiative. Every round of upside is breaking the prior high, and every pullback’s low point is also being lifted higher, indicating that the capital absorbing the market remains sufficient and that the overall uptrend has not been broken.
At present, the pullback strength is clearly on the weak side. The bears have not managed to deliver any effective suppression. As long as the key support levels are not lost, the day’s movement is likely to continue the range-bound upward rhythm. Instead of waiting for a deeper pullback, it’s better to follow the trend. Currently, the main approach remains to look for long entries on dips.
Today’s trading suggestions:
BTC: Buy in batches around 63,700–64,000, targeting around 65,000.
ETH: Buy in batches around 1,830–1,850, targeting around 1,900–1,930.
The trend is upward, and pullbacks are opportunities. As long as price hasn’t fallen through the key support, continuing to go long with the trend remains the main idea for today—do not go against the trend to try to top-tick and short.
If you’re still on the sidelines in cash, you’re welcome to join Lin Jie’s chat room to learn the first entry timing.
#GoldRisesForThirdDay #SpaceXFallsOnAISpendingAfterDebutEarnings