BTC started to fall on the first day of August. Yesterday's morning review said that the market would fall below 66,000 points to the 64,000-64,600 range today. It started to fall directly in the early morning and there was basically no sign of rebound. The market is now directly around 64,000. Just look at this position today. According to this decline, Bitcoin will continue to fall today. ETH was slightly firm in the previous few days, which is equivalent to the follow-up of the rebound. The decline today is not large, and it will follow up. Normally, Bitcoin's decline today should be at 3060-3120 to meet the current equivalent price. July has closed, and the monthly line is not very good overall. Today is the first day of August. Compared with the price of Bitcoin, this decline is not very large. Continue to wait for a large decline.
BTC can slightly see the 64,000 point line of Bitcoin today. At present, the intraday level is increasing. According to the normal trend, the decline cannot be defended during the day. The support point for intraday defense can be seen in the 62,000-62,600 range. Look at this The four-hour closing line does not break the 64,000 point closing line. Note that the rebound resistance position is in the 65,000-65,500 range. The support position is invalid for a larger drop, but you can look at it step by step. If it falls below, you can see the next target around 60,000.
ETH has just touched the 3,200 point line on the four-hour level. Yesterday, we talked about the establishment of the second high point. The market will not fall to the point at once. This compensatory rally did not continue, but just hardened a little. Now it continues to weaken. Today Pay attention to the 3200 point line within four hours. If it falls below, you can directly look at the 3050-3100 range. The daily level has always focused on the position near 3960. This position is more critical and determines whether the subsequent 2800 points will break. Once 2960 breaks this week, the subsequent 2800 points will not be able to defend and continue to fall.
