After the big drop in the early morning of the weekend, the situation in August is more severe than most people think. The multiple supports have been broken, and the bull market and the bear market are only a line apart.

In the big trend, the big cake has once again touched the bull market lifeline (daily MA240 daily moving average), which will be the only chance of survival in the early part of this week, but if there is no effective and substantial rebound in the early part of this week, the lifeline will fall directly after the second drop, and August will fall below 50,000.

Ether will not have any support line before reaching 2500. The focus of the rebound on Monday and Tuesday is to focus on 2800. If it cannot stabilize above 2800, it will definitely fall to 2500 during the week, and it will be difficult to usher in a big rise in the short-term market outlook.
In the short term, after the excessive release of the volume over the weekend, it is necessary to maintain a rational view on Monday. The volume of the white plate is difficult to continue to break down. If the low point in the morning is not broken, it will mainly fall in the form of hitting the second low. There is still a possibility of rebounding again in the white plate during the day.

In the morning, we can pay attention to the second bottoming position (57.5-57.3) and (2650-2630). Under the premise that the new low is not broken, pay attention to the rebound opportunity of volume in the morning trading on Monday.

However, the upward space should not be too large. The turning point above is 60K and 2.8K. Therefore, our rebound view on Monday only recommends seeing around 59K and 2750. If there is a further sharp rebound in the future and the turning point is stabilized, then consider the long direction option. If it cannot be broken, the follow-up will be mainly high-altitude.

Since Bitcoin broke through the triangle convergence pressure level (61500) last week.
The overall trend has been completely released, and the trend will usher in an upward breakthrough opportunity at the end of August.
Currently, it has stepped back to the previous pressure point (62500), and Bitcoin can pay attention to this position and try to access it.
At the end of August and in September, the upward opportunity will be 66K-67K, and the large-scale defensive support point should pay attention to the vicinity of 61500.

After reaching the top yesterday, it fell again. From the trend, it can be seen that the trend has clearly entered the triangle convergence zone in August. The core thinking in the near future will remain unchanged around high selling and low buying.

Before the current triangle convergence zone is broken, the layout is mainly based on repeated operations of high and low points. The current trend is close to the bottom. The market focuses on 58K and 2.55K to see the rebound idea.

The upper high point is out of suppression. The next round of rebound targets are around 60K-61K and 2630-2680, while the defense focuses on the bottom triangle convergence support of 57K and 2.5K. Once it breaks, the short-term will no longer be held.

After testing 59K yesterday, it fell back to 58K for the second time to complete the short-term bottoming again. The market began to climb upward this morning, and the overall trend fluctuated around 58K-62K again.

The top reached the MA30 daily moving average suppression (61500) mentioned recently. If it does not break through, it will continue to fluctuate this week.

Therefore, in today's thinking, continue to pay attention to 61500 and 2700 to find suppression and bearish, and focus on the idea of ​​​​oscillation range. Look down again at 59000 and 2580, and pay attention to 62000 and 2750 to avoid a break.

In the recent trend, Bitcoin has been unable to break through the daily MA30 daily average (62K), which directly hindered the opportunity to rise again in August.

Therefore, in terms of trend, if the top pressure is not broken, it can be basically confirmed that the cycle is a volatile trend of shorting at highs. After a sharp drop below 59K in the morning, the short-term trend of the day focuses on looking for suppression near 59K, and looks down to 58K-57.5K.

The center of gravity suppression of Ethereum is around 2.8K, and the short-term suppression of the day should focus on around 2650. Looking for short-term suppression around 2650 can be seen down to the 2580-2550 range.

The highest rebound in the second half of the night failed to reach 60K and 2.7K, and it was a pity that all short orders were not able to enter the market.

Today's trend fell back to the first round of targets of the fallback view. At present, after the first round of targets are reached, the first round of support (58K, 2.6K) begins to take effect, and short-term support may rebound in the evening.

For the short-term short positions that have not been cleared, it is recommended to pay attention to the above points to clear the short-term short positions. In the evening, a short-term rebound will be arranged around 58K and 2.6K of the market. A small-level rebound will be seen near 59K and 2660, and 58500 and 2570 can be defended.

The CPI data was consistent with expectations. The data was positive, which caused the market to rise slightly, but the positive impact was not large, so it eventually hit the 62K and 2.8K pressure levels mentioned above and then began to fall sharply.

This round of sharp decline has now fallen below 60K and 2.7K. Once the short-term positive impact is over, the market will be bearish again. We will continue to pay attention to the 60K and 2.7K lines and continue to go high, defending about 2%.

The first round of bearish targets is still 58K and 2.55K. When reaching the target, we will do batching and reduce positions. The remaining final positions will continue to look down to around 56K and 2.45K.

CPI will be announced again tonight. After the stock market crash earlier this month, the market has quickly started to rescue the market recently. It is inevitable that the schedule for interest rate cuts may be brought forward again, so the possibility of this round of CPI bringing benefits is still relatively high.

After the price initially fell back to 58K yesterday, it reached our first position of shorting in the early stage, but the range of the fall was limited and the rebound broke 60K in the evening, and the remaining downward plan was cancelled.

The intraday white market trend stood at 60K, and the downward range in the evening did not break 60K. You can pay attention to the vicinity of 60K as support. This round will look at the 62K pressure level again, and the defense will focus on 59.4K.

However, the first target of Ethereum at 25.5K has not been reached, and it has returned to the 27K line. The remaining short orders have all been cancelled. Long orders are established around 27K, and the rebound looks at the 2830 line, and the defense is 2650.

The second further upward exploration faced by the market in the evening failed to release the top chips above. The top range of Bitcoin near 60,000 is still a good opportunity for shorting in the second half of the night.

Ethereum has a strong upward momentum in the evening. After the top pressure of 2600 was broken, it rose to around 2700 in the short term. Friends whose short-term lines were broken should continue to consider shorting around 2700 for the second time.

As for the overall downward target, it should be noted that because Trump will connect with Musk in the morning, short orders should be divided into two batches. The first batch of targets will be 58K and 25.5K. After reaching them, they will reduce their positions in batches and defend costs. The remaining part will continue to try to look at 56K and 24.5K.

I have been busy recently. I will officially resume the update this week. Recently, the market failed to break through the daily middle track of 62K at the weekend and fell sharply again. The 24-hour decline was nearly 5,000 points. The upward trend was frustrated. After breaking this week, it was unable to recover in the afternoon.

Pay attention to the rebound strength in the morning trading on Monday. If the rebound does not break 59.5K and 2600, it can further fall around 59K-59.5K, 2580-2600. The next round of retracement will look at 56K and 2450 again.

In the evening, affected by the unemployment benefits at 8:30, the overall price floated upward, and the highest price of Bitcoin broke through 58K, and Ethereum returned to 2.5K again.

However, given the limited impact and insufficient follow-up force, it is difficult for prices to support further upward movement. The MA240 moving average of Bitcoin daily line failed to break through the pressure. In the second half of the night, the idea was to look at short positions above 58K and 2.5K without thinking.

However, the target span should not be too large in the near future. The short-term retracement tonight focuses on 167.5K and 2.3K. The market trend is gradually beginning to recover, and the CPI next week is likely to raise the possibility of accelerating interest rate cuts again.

The recent reminder of the initial short positions of Bitcoin and Ethereum around 55K and 2.5K.

There is an opportunity to increase positions in the evening. The trend rebounded rapidly in the evening and touched the bottom of the upper chip area and the daily BOLL lower track pressure was not broken in the first time.

So the current focus is on 56.5K and 2.55K to increase positions in the medium and long term. The future market target continues to look down to 52K-50K, and Ethereum focuses on 2.2K-2.1K.

After the morning market crash, the US stock market rescue is inevitable in the evening. At 9:30, the US stock market opened up 700 points. It is expected that the market will continue to rise slightly in the first half of the night.

But the ice is not formed in a day. This round of plunge is unlikely to change the trend because of a short-term rebound. Even if the rebound is strong in the evening, the top pressure still exists at 65k and 2.5k.

If it cannot break through further on the basis of the above suppression, the market will retreat again in the future. Therefore, the evening trend will prioritize rebounding and emptying. You can pay attention to the above high-level pending order layout, defend 2%, and the target will look down to 51000 and 2200 again.

In the case of a global crash, short-term rebounds will definitely be difficult to achieve, and the market will continue to be bearish in the early part of this week.

The mainstream big cake Ethereum rebounded to 55k and 2400 to open an initial short position, and the first round of targets was 52k and 2100 for the second bottoming out.

Although it was said that the index would break 50,000 in August, the speed was too fast and the global market plummeted unexpectedly.

The global decline in Europe and Asia was 1%-2%, of which the South Korean KOSPI fell by nearly 5% and the Nikkei 225 fell by 7%.

All major well-known US stocks fell by nearly 3%, of which Amazon fell by nearly 9%.

The global economy exploded early in the morning. At 8:30, the U.S. stock market plummeted and the Japanese stock market announced a margin call. I took the second lowest idea and ran away decisively after the price broke the low. Let's wait and see for now.

The bulls of the weekly line change are still not optimistic. After the rebound failed, the decline intensified in the evening. The price of Bitcoin fell below the white plate low of 59,800. The Fibonacci 0.5 support lost its effectiveness and the short-term long orders were swept out.

Pay attention to the next support level in the second half of the night. The big cake Fibonacci 0.618 (58,900) and the previous Fibonacci 0.5 support of Ethereum (2810) continue to look for rebound opportunities.

The decline defense is about 2%. If it falls further by more than 2%, it means that the decline is uncontrollable and it should be withdrawn in time. The rebound opportunity above is still focused on the 61,500-62,000 range. The initial focus of the Ethereum rebound is 2,950-3,000.