Daily Market Analysis—#BTC2024.8.7
Figure 1: H1 Chart
1. The hourly price is currently fluctuating upward. The 5w7 liquidity mentioned in the daily report last night has been obtained.
2. Currently, we are paying attention to the test of 543ssl. If it does not break here to absorb funds, we will continue to see a fluctuating rise. The target is to focus on the test of mh. (Short-term contract)
3. If it falls below, the structure will be destroyed, and we must pay attention to continuing to test 5w.
4. For spot, the appropriate buying time is recommended to be around 5w.
Figure 2: M15 Chart
1 Currently, it is fluctuating downward and hunting range-l. Here, we are paying attention to the test of M15 ob to absorb short-term long orders.
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