The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the cryptocurrency community may not make you rich overnight, they can help you persist. Only those who survive in the cryptocurrency space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.
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Cryptocurrency Community Expert: August 6, 2025 Bitcoin (BTC) Latest Market Analysis
The current price of Bitcoin is 113,100. It is now 1 AM Beijing time. I mentioned the southward movement towards 115,000 the day before yesterday and yesterday, and the thought process is already clear. As for those holding above 119,000, some are still holding, while most are in at 11.55 and are now taking profits in batches. For advice on where to take profits in batches, you can consult me, as the practical records have been updated, making it easier to see and reference carefully.
Before the article was published, the daily K-line reached a high of 115,100 and a low of 112,600. It has already fallen below the golden ratio line of 0.786 at 112,900. The next step is the EMA60 trend support at 111,900. If it cannot drop below this level, a double bottom will form, and those holding southward positions should consider exiting. There is no need to rush before that. The MACD has started to increase again after a decrease, indicating that yesterday's market surge is likely a false signal. The DIF and DEA have come down to above the 0 axis, and falling below the 0 axis means a bearish trend is coming. The K-line has reached the lower Bollinger Band support at 112,600 and is currently maintaining at the lower Bollinger Band without breaking below.
The four-hour K-line has entered a downward channel. After reaching the downward trend line resistance at 116,000, it has retreated downwards, breaking the trend indicator. If the K-line loses 112,600, the MACD will end its increase and start to decrease. The DIF and DEA will also form a death cross below the 0 axis, extending the bearish trend. Therefore, the overall strategy is to focus on short positions. Those who are already holding short positions should continue to hold. For those who are not holding, the next opportunity will be discussed later.
Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal, especially when breaking key resistance and support levels. Stop-losses should still be set, do not hold onto losing positions.
For northward testing points: 111,500 to 111,000, with a defense at 110,500, stop-loss at 500 points, target at 112,500 to 113,500, and if broken, look at 114,500 to 115,500.
For southward testing points: 115,500 to 116,000, with a defense at 116,500, stop-loss at 500 points, target at 114,000 to 113,500, and if broken, look at 113,000 to 112,500.
Specific operations should be based on real-time market data. For more information, you can consult me. There may be delays in article publication, so the suggestions are for reference only, and risks are to be borne by you.
This article is exclusively contributed by the Cryptocurrency Community Expert and represents the expert's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are to be borne by you. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The expert also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market; when a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by commerce, precision by industry, and heart by art. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Cryptocurrency Community Expert wishes you happy investing!
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