Bitcoin August 2nd [Market Analysis]

CN
9 hours ago

📅 Bitcoin August 2nd [Market Analysis]


🔍 Market Analysis:

Currently, Bitcoin continues to exhibit a volatile trend, lacking a clear breakout direction in the short term:

  • The 4-hour MACD indicator remains flat near the zero line, with alternating red and green momentum bars shortening, indicating that the forces of bulls and bears are balanced, and momentum is clearly diminishing;

  • The RSI indicator is operating in the neutral range of 45–55, neither overbought nor oversold, showing a clear volatile characteristic in the overall market;

  • The price is fluctuating near the middle track, with the short-term direction still unclear, urgently needing a key support or resistance level to be broken to clarify the future trend.

The current structure belongs to a "direction undecided + insufficient momentum" volatile pattern, and it is advisable to remain patient and wait for signal confirmation.


📉 Operational Suggestions:

🎯 Range trading, primarily short on highs and long on lows:

  • Pay attention to the resistance level above: around 115,500

  • Pay attention to the support level below: around 113,000

  • As long as the range is not broken, you can implement a high sell low buy strategy between the above positions, entering and exiting quickly and responding flexibly;

  • If the price breaks through the upper or lower range, it is advisable to follow the trend and avoid counter-trend operations.


📌 Strategy Summary:

Bulls and bears are in a stalemate, the trend is unclear, and the focus is on a volatile approach.
Engage flexibly within the range, do not bet on direction, wait for breakout signals before following the trend.


**—— Crypto Master Community, a community focused on technical analysis. Friends with any questions about operations or trends can communicate and learn with me! Let's share and profit together! Remember to follow Crypto Master, available 24/7, and you won't get lost!

**[The above analysis and strategies are for reference only. Risks are to be borne by the individual. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow the real-time strategies of Crypto Master.]

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