Cryptocurrency Academician: The Fate of Bitcoin on August 1st, Will It Break the Top or Plummet? Latest Market Analysis and Trading Suggestions with Recovery Strategies.

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22 hours ago

The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you persist. Only those who survive in the crypto space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my followers financial freedom by 2025. Let's work hard together!

Crypto Circle Academician: August 1, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 117,700. It is now 3 AM Beijing time. The price dropped to 116,000 yesterday, and the northbound ended around 118,000. How much have the traders captured? The specific trading details have been updated, and you can consult me. There are less than five hours left until the monthly closing. The monthly line has already seen four consecutive bullish candles. How will August perform? Will it continue to break historical highs or will it retrace into a bearish trend? This is worth looking forward to for us contract traders.

Before publishing, the daily candlestick had a high of 118,920 and a low of 117,800. The EMA trend indicator has started to contract, with the top resistance level dropping below 120,000, and the support level has also moved up to the EMA30 trend support at 115,500. The MACD has been continuously reducing volume and increasing positions, with bears continuing to exert pressure. The DIF and DEA are also accelerating downwards, but the market remains in a high-level sideways trend, forming a top divergence trend. The Bollinger Bands are contracting sideways, with the upper band at 119,900 and the lower band at 116,600. The current price is around 118,000, and if it stretches and breaks 119,000, you can try a southbound position.

For the four-hour candlestick, pay attention to the EMA trend indicator's short-term support at 116,800. The MACD is fluctuating around the zero axis, and the Bollinger Bands are sideways with the upper band at 119,000 and the lower band at 117,000. The short-term box fluctuation space is within 2,000 points. Those who like to trade short can take a shot, while those who trade trends should wait for opportunities to short at high levels and can temporarily observe.

Short-term trading thoughts: The market is never 100% certain, so always set stop-losses. Safety first; small losses and big profits are the goal, especially when breaking key resistance and support levels. Stop-losses should still be executed without holding onto losing positions.

For northbound trial positions, the entry is 116,500 to 115,500, with a stop-loss at 114,500 (500 points). The target is 117,500 to 118,500, with a breakout target of 119,000 to 119,500.

For southbound trial positions, the entry is 119,000 to 119,500, with a stop-loss at 120,000 (500 points). The target is 118,500 to 117,500, with a breakout target of 116,500 to 116,000.

Specific operations should be based on real-time market data. For more information, you can consult me. There may be delays in article publication, so the suggestions are for reference only, and risks are borne by you.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by you. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Hard work is rewarded, integrity is valued, and excellence is pursued. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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