Wall Street Encryption Daily 08.05: 114500 defense line at risk! Last chance for long positions to counterattack?

Urgent reminder! The high pressure point of 115800, which was accurately pointed out yesterday, is currently stifling the rebound momentum! But at this moment, the price has once again gained strong support at the key level of 114500, just as we repeatedly emphasized in last night's live broadcast as a good opportunity to buy the dip. The area of 114500-114000 has become the last line of defense that the bulls must defend today!

Operation Strategy: 114500 and around 114000 will be the best entry points for long positions. Dipping to buy remains the core strategy for these two days. At the same time, please keep a close eye on the two major resistance levels of 115700 and 116300; any breakthrough could be a key signal for a market reversal!

Operate cautiously, investment involves risks, and you bear the risks yourself!