On Saturday, August 3, the mid-term thinking of Bitcoin.

The trend of the coin price this week ended with a negative line. Under the influence of non-agricultural data this week, the market fell instead of rising. The coin price fell to the current 59,800 line and stopped. With the continuous emergence of new lows, it has reached the bottom area of ​​the daily box in the short term. Whether the previous bottom 58,000 support can be broken through remains to be confirmed. Compared with the trend of the daily line, it is more maintained at a high and strong shock trend. So, facing the new week after the non-agricultural data, whether the coin price will bottom out or continue to decline, let's see the analysis.

After the release of non-agricultural data, it is completely positive, but the market directly fell, and the market no longer speculated on the rise of interest rate cuts, because the interest rate cuts are equivalent to landing, which are all expected effects. In the short term, we mainly observe whether the big cake can fall below the 60,000 integer mark, and the strong support is in the 5.8 area. See if Ethereum 2800 can hold.

This time, the global stock market also fell. Japan continued to plummet after slightly exceeding the historical high. The stock market has broken the recent head. The British and French stock markets fell sharply with a small double top on the weekly line. The Dow Jones Industrial Average performed the weakest, with two weekly top divergences. The S&P and Nasdaq fell sharply to the monthly rising trend line.

Furthermore, the technical structure closed with a big negative line last week, and the K-line entity energy was strong. In this case of strong bearish sentiment, the possibility of continuation is still greater than reversal. It is not surprising that the weekly line forms a continuous negative line. MACD KDJ both present a bearish pattern. Combined with the trend of the daily line, the short-term double top is still relatively obvious. The previous bottom of 53,800 is still far away from this, and the bears on the attached chart indicator have continued to move, so the idea is still optimistic about the continuation of the bears next week.

My personal opinion on Bitcoin next week can be shorted around the 61,500-62,000 area, looking at the 58,300-55,000 line, and Ethereum can be carried out simultaneously!

Investment is a journey of self-transcendence, an exploration of the unknown, and a control of risks. In this process, we will be confused and make mistakes, but it is these experiences that make us stronger and wiser.