August 5th Evening Market Trading Strategy|BTC/ETH/SOL

Market Overview (Qualitative): During the day, risk-on sentiment from the U.S. stock market pushed prices above 64,000. However, there isn’t enough incremental buying to sustain an active bullish breakout. This is more like a macro-sentiment-driven repair rather than a proactive long surge. In the evening, liquidity weakens, the probability of stop-hunt “needle” wicks increases. Most likely, price will range at higher levels to digest the profit-taking, so it’s not suitable to add a heavy position chasing longs. Prefer range trading and be cautious about holding positions overnight.

BTC

Key Ranges
Support: 63,600–63,800 (first support in the evening) | Strong support: 63,000
Resistance: 64,500–64,800 (evening core resistance) | Strong resistance: 65,200
Evening Ideas

1. If price pulls back to 63,600–63,800 and stabilizes, go lightly long, stop loss below 63,000, target around 64,500;

2. If price rebounds to 64,500–64,800 and faces resistance without breaking through, consider shorting for the short term, stop loss above 65,000, target back at 63,800;

3. Only if the market holds above 64,800 with volume, will the upside open further. If 63,000 is broken down effectively, the rhythm of this rebound will be disrupted.

ETH

Key Ranges
Support: 1,860–1,875 | Strong support: 1,840
Resistance: 1,900–1,915 | Strong resistance: 1,935
Evening Ideas
Ethereum moves in tandem with BTC (the big pie). Institutional fund inflows are relatively weak, so independent upside momentum is limited. On a pullback and stabilization around 1,860, consider a low-risk long; if it rallies to 1,900 and meets resistance, consider shorting. Before the direction of BTC becomes clear, control position size and don’t “hold the bag.”

SOL

Key Ranges
Support: $73.5–$74.8 | Strong support: $72
Resistance: $76.5–$77.8 | Strong resistance: $79
Evening Ideas
SOL is a relatively volatile coin and tends to fully follow BTC sentiment. Only when BTC is strong should you look for entries on dips. If BTC stalls after a rise, don’t chase higher—enter and exit quickly for short-term trades, and reduce leverage.

Evening Risk-Control Points

1. Liquidity thins out in the evening; with just a small number of large orders, it’s easier to trigger stop-hunt wicks. All orders must include stop losses. Avoid holding oversized positions overnight;

2. This round of upside mainly comes from sentiment in external markets. The crypto sector itself has limited positive catalysts, so don’t treat it as a major trend reversal;

3. Spot: don’t chase; only consider increasing position size after it holds above 64,800. For futures, shorten the holding period as much as possible.
$BTC
$ETH
$SOL
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