Market perspective today (08/07/2026)
1. BTC:
- BTC closed the bearish candle and pulled both ends of the wick; the upper wick is still slightly higher, creating pressure for today’s candle to continue the downward move.
- H4 and H1 candles showed the sellers’ (Short) successful effort; however, the buyers (Long) still have attempts to hold the price, without allowing a strong one-way drop.
- From my personal technical perspective, I lean toward a scenario where BTC could rebound slightly after hitting the current support zone of 64k–64.2k. The target for this rebound is the previous high at 64k8.
=> I will look for a light Long during the Asia and European sessions, then monitor tonight’s important news (Non-Farm, unemployment rate) to continue providing timely trading direction.
2. Gold
- Gold’s daily candle just closed as a falling star candle with an upper wick longer than 50 points, creating strong pressure for today’s candle to close lower.
- The H4 and H1 candles have started showing mild sideways signals, waiting for trend direction and news.
- From my personal technical perspective, I lean toward a scenario of a slight increase for XAU today. Yesterday’s Short plan (08/06) reached TP1.
=> I will look for a light Long toward TP1: 4280 and TP2: 4310 depending on the candle signals, and open Short again when a reversal signal appears, returning to the bearish scenario.
3. Summary: Which short-term scenario plays out will depend on the reaction signals shown by the candles. Everyone, please prioritize trading based on candle close signals rather than trying to guess the top and bottom.
Note: This is not investment advice or a call to invest. Please consider carefully before referring.
Wishing everyone a smooth and effective trading day ❤️
Join the “Fellow Travelers” group:
- Zép lào DropLane: not 91 one 27 four four three 8
#NguoiDongHanh
1. BTC:
- BTC closed the bearish candle and pulled both ends of the wick; the upper wick is still slightly higher, creating pressure for today’s candle to continue the downward move.
- H4 and H1 candles showed the sellers’ (Short) successful effort; however, the buyers (Long) still have attempts to hold the price, without allowing a strong one-way drop.
- From my personal technical perspective, I lean toward a scenario where BTC could rebound slightly after hitting the current support zone of 64k–64.2k. The target for this rebound is the previous high at 64k8.
=> I will look for a light Long during the Asia and European sessions, then monitor tonight’s important news (Non-Farm, unemployment rate) to continue providing timely trading direction.
2. Gold
- Gold’s daily candle just closed as a falling star candle with an upper wick longer than 50 points, creating strong pressure for today’s candle to close lower.
- The H4 and H1 candles have started showing mild sideways signals, waiting for trend direction and news.
- From my personal technical perspective, I lean toward a scenario of a slight increase for XAU today. Yesterday’s Short plan (08/06) reached TP1.
=> I will look for a light Long toward TP1: 4280 and TP2: 4310 depending on the candle signals, and open Short again when a reversal signal appears, returning to the bearish scenario.
3. Summary: Which short-term scenario plays out will depend on the reaction signals shown by the candles. Everyone, please prioritize trading based on candle close signals rather than trying to guess the top and bottom.
Note: This is not investment advice or a call to invest. Please consider carefully before referring.
Wishing everyone a smooth and effective trading day ❤️
Join the “Fellow Travelers” group:
- Zép lào DropLane: not 91 one 27 four four three 8
#NguoiDongHanh