‼️August 4 ‼️

# Mainstream Market Analysis

1. US stock market trends:

-- The market was closed yesterday. Pay attention to whether US stocks continue to drop tonight. If there is no reversal candlestick, it is considered a rebound market, unless there is a direct reversal candlestick that engulfs Friday's bearish candlestick.

2. #BTC Trend:

--The overall market rebounded on Sunday, showing signs of stabilization. Pay attention to the resonance with the US stock market tonight. This is just a rebound, not a reversal. A pullback is needed at the 4-hour level. Be patient and wait for potential buying opportunities at 113000 or 112000 within the next 24 hours. A second dip may lead to a reversal in the market, but for now, operate based on the rebound.

3. #ETH Trend:

-- Yesterday's verification has weakened, with adjustments as the main focus. The M-top has been broken, and the support at 3506 has been knocked down. The M-top at the 4-hour level has evolved into a confirmation of M at the daily level. The core position to pay attention to is the support near 3276, where buy orders can be placed around this level. The view of shorting near the 3550-3600 point range remains unchanged.

4. The current key support level for #BTC is:

Pay attention to the resonance with U.S. stocks tonight.

• Upper resistance: The original support at 115334 has become a resistance level and remains effective. The small support below is at 111920. Avoid heavy positions on long trades. Keep short positions unchanged.

Note: Control the position size of long orders with small positions to avoid large losses; cut losses in a timely manner.