2026.8.7 #btc
Today is Friday. Watch whether volatility can increase. In recent days, the crypto market has been repeatedly oscillating within a range. When U.S. stocks see high volatility, crypto may occasionally follow, but it is still difficult to escape the range-bound structure. Each attempt to break upward has met with insufficient follow-through, with very limited funds stepping in.
Liquidity remains tight—too poor to support sustained upside. Although the pattern suggests a bullish bias, the momentum cannot meet the requirements for continuous rising. The only option is to pull back again, then accumulate strength for another push. Today, pay attention to the impact of the Non-Farm Payroll (NFP) data on the market.
Big Bitcoin (BTC): For now, expect range-bound movement. Whether NFP can help price find direction remains to be seen. We are in a typical “pullback under pressure at the highs, higher lows forming” accumulation phase. On the daily chart, RSI is neutral. MACD is negative but narrowing, not yet forming a golden cross. ADX is weak—direction is about to be chosen. 65,000 is the key line between bulls and bears: a breakout could trigger liquidation of shorts and potentially accelerate the upside; if it meets resistance, there is risk of a pullback toward 64,000 and even 63,200. Neither side has formed clear dominance yet.
On the 1-hour chart, MACD histogram bars are negative, but the decline is shrinking. On the 4-hour chart, the bullish MACD histogram bars are contracting, but no death cross has formed. On the daily chart, the MACD negative value is narrowing, but a golden cross has not yet formed. The 4-hour MACD has shown a divergence signal, suggesting a need for a pullback.
Order book depth: buy/sell ratio is 2.00, and the thickness of resting orders below is close to twice as much.
Support: 64,000; 63,200
Resistance: 65,048; 65,400; 66,200
Big Ethereum (ETH): Still expect range-bound movement, though technically the overall bias is strong. It is rebounding in sync with BTC and repairing, but this is still a linked market—there is no independent strong trend yet. The 4-hour structure looks relatively strong, but the daily timeframe remains range-bound.
Bollinger Bands: upper band resistance at 1926; lower band support at 1844.
Liquidity: Spot Ethereum ETF flows continue with net inflows; on-chain data shows that Ethereum large-holder addresses’ holdings have risen to a historical high.
The market is repeatedly tested in the 1900–1927 range. Holding 1909 and breaking above 1924 is the prerequisite for repair continuation; if it breaks below 1892, it will return to a defensive path. The daily chart is still in a consolidation box and has not yet escaped the range-bound structure.
Support: 1890–1895, 1872, 1850–1860
Resistance: 1926, 1950, 1982
Today is Friday. Watch whether volatility can increase. In recent days, the crypto market has been repeatedly oscillating within a range. When U.S. stocks see high volatility, crypto may occasionally follow, but it is still difficult to escape the range-bound structure. Each attempt to break upward has met with insufficient follow-through, with very limited funds stepping in.
Liquidity remains tight—too poor to support sustained upside. Although the pattern suggests a bullish bias, the momentum cannot meet the requirements for continuous rising. The only option is to pull back again, then accumulate strength for another push. Today, pay attention to the impact of the Non-Farm Payroll (NFP) data on the market.
Big Bitcoin (BTC): For now, expect range-bound movement. Whether NFP can help price find direction remains to be seen. We are in a typical “pullback under pressure at the highs, higher lows forming” accumulation phase. On the daily chart, RSI is neutral. MACD is negative but narrowing, not yet forming a golden cross. ADX is weak—direction is about to be chosen. 65,000 is the key line between bulls and bears: a breakout could trigger liquidation of shorts and potentially accelerate the upside; if it meets resistance, there is risk of a pullback toward 64,000 and even 63,200. Neither side has formed clear dominance yet.
On the 1-hour chart, MACD histogram bars are negative, but the decline is shrinking. On the 4-hour chart, the bullish MACD histogram bars are contracting, but no death cross has formed. On the daily chart, the MACD negative value is narrowing, but a golden cross has not yet formed. The 4-hour MACD has shown a divergence signal, suggesting a need for a pullback.
Order book depth: buy/sell ratio is 2.00, and the thickness of resting orders below is close to twice as much.
Support: 64,000; 63,200
Resistance: 65,048; 65,400; 66,200
Big Ethereum (ETH): Still expect range-bound movement, though technically the overall bias is strong. It is rebounding in sync with BTC and repairing, but this is still a linked market—there is no independent strong trend yet. The 4-hour structure looks relatively strong, but the daily timeframe remains range-bound.
Bollinger Bands: upper band resistance at 1926; lower band support at 1844.
Liquidity: Spot Ethereum ETF flows continue with net inflows; on-chain data shows that Ethereum large-holder addresses’ holdings have risen to a historical high.
The market is repeatedly tested in the 1900–1927 range. Holding 1909 and breaking above 1924 is the prerequisite for repair continuation; if it breaks below 1892, it will return to a defensive path. The daily chart is still in a consolidation box and has not yet escaped the range-bound structure.
Support: 1890–1895, 1872, 1850–1860
Resistance: 1926, 1950, 1982