‼️August 8th ‼️

1. US stock market trends:

-- Yesterday, U.S. stocks continued to rebound, forming short-term pressure near previous highs and being blocked near the daily upward trend line. Based on the rebound strength, an engulfing candlestick has formed, and it is highly likely that the daily line will rise further, but the risks have not been completely eliminated.

2. #BTC:

-- Yesterday, with the continued surge of the US stock market, the originally effective resistance of 115334 was broken. This time, the high is very likely to challenge the previous high near 123300 again. We have been discussing this for 4 days in the live broadcast. After a successful breakthrough here, the target 1: close 80% near position 118500, target position 2: 121887, close all. After that, we will wait for shorting opportunities with an empty position.

3. #ETH:

--In resonance with BTC, the overall outlook is still very strong, with a target above 4100 points. It is highly probable that this upward move will end near 4300 points and start to adjust. If it breaks through 4100 points, a pullback to 4000 points will be an opportunity; conservatives may wait for the next chance to increase their positions. Aggressive traders might consider opening long positions now as a trial, with a stop-loss set at 3780 points.

4. The current key support level for the market #BTC:

Pay attention to the resonance with the US stock market tonight.

• Upper pressure: For those who haven't entered yet, the buying point for long positions is around 116000, take profit point: close 80% near 118500, target position 2: close all at 121887. Stop loss: unconditional stop loss at 113562 if the daily trend line is broken. Long position opportunities should not be over-leveraged. Existing short positions can be held as they are already below 10%, prioritize lower concerns and wait for the opportunity to add positions. Currently, focus on long positions, and mindset is very important.

Note: When others are greedy, we remain calm; when others are in panic, we are excited. This market is about a small group of people profiting.