Tracking real-time hotspots in the cryptocurrency market and seizing the best trading opportunities. Today is Saturday, August 2, 2025. I am Wang Yibo! Good morning, crypto friends! ☀️ Die-hard fans check-in! 👍 Like to make big money! 🍗🍗🌹🌹
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I. Global Financial Market Dynamics
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On Friday, U.S. stocks closed with an overall downward trend. The Dow Jones Industrial Average fell by 1.23%, the S&P 500 index fell by 1.6%, and the Nasdaq fell by 2.24%. Among them, the Nasdaq China Golden Dragon Index fell by 1.82%. Large tech stocks performed poorly, with Alibaba (BABA.N) down nearly 3%, Amazon (AMZN.O) down over 8%, losing more than $200 billion in market value in a single day, Meta Platforms (META.O) down over 3%, and Apple (AAPL.O) and Nvidia (NVDA.O) down over 2%.
This decline is closely related to the U.S. non-farm payroll data released last night. According to the U.S. Bureau of Labor Statistics, the adjusted non-farm employment population in July was only 73,000, the smallest increase since October last year, far below the market expectation of 110,000. Meanwhile, the non-farm employment figures for May were revised down from 144,000 to 19,000; June's figures were revised down from 147,000 to 14,000. After revision, the total new jobs for May and June were 258,000 lower than before. Additionally, the U.S. unemployment rate in July was recorded at 4.2%, rebounding from the previous month, in line with market expectations; the average hourly wage year-on-year in July was recorded at 3.9%, the highest since March, slightly exceeding the market expectation of 3.8%.
Such a significant cooling of the labor market data has had a huge impact on the financial markets. U.S. President Trump criticized Federal Reserve Chairman Powell again, calling for interest rate cuts, claiming that the non-farm employment data was manipulated to embarrass him. As a result, the cryptocurrency market fell across the board, with major cryptocurrencies like Bitcoin and Ethereum losing their support levels one after another.
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II. Bitcoin Trend Analysis
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After Bitcoin fluctuated upward to around 115,947 during the day, it began a downward channel. So far, it has dropped to a low of 113,055. From a four-hour perspective, the price shows a clear orderly downward channel, with the rebound highs gradually decreasing, clearly indicating the weakness of bullish forces. The current downward structure is complete, and on the daily level, the bearish structure remains the core trend, while the four-hour rebound is merely a secondary fluctuation.
Based on this technical pattern analysis, the trading strategy should be to short on rallies. The entry timing can be chosen when the four-hour rebound meets resistance at the middle track, with stop-loss set at the recent daily candlestick high or above the middle track. However, if a "long lower shadow + high-volume bullish candlestick" appears in the four-hour chart and breaks through the middle track, caution should be taken for the formation of a short-term bottom. Currently, the bearish trend is strengthening, and the downward momentum has not yet exhausted. Investors must avoid bottom-fishing too early and are advised to wait for the daily chart to stabilize above the middle track before adjusting their investment strategies. Overall, it is recommended to maintain a bearish outlook, closely monitor the breakthrough of key resistance levels, and wait for confirmation of trend acceleration signals before positioning accordingly.
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III. Ethereum Trend Analysis
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Ethereum's trend is synchronized with Bitcoin, dropping from a high of 3,675 to a low near 3,554, but the rebound momentum quickly faded. In the four-hour level, the price repeatedly shows long upper and lower shadows near the lower Bollinger Band, reflecting significant divergence between bulls and bears in the low area. The long lower shadow indicates that short-term bottom-fishing funds have entered, triggering a technical rebound; while the long upper shadow shows that the rebound has encountered strong bearish pressure, further confirming the current weak pattern in the Ethereum market.
It is worth noting that Ethereum has consecutively formed 5 bearish candlesticks, creating a "bearish cannon" pattern, and the slight rebounds during this period are likely "bull traps," essentially opportunities for bears to add positions. Considering various factors, the daily bearish structure remains the core trend, and the four-hour rebound is a secondary fluctuation, so shorting on rallies is also advised. From the trend forecast, the price is likely to continue to decline along the lower track, with the possibility of breaking below the lower track and refreshing the lows, as the bearish atmosphere in the technical aspect becomes increasingly pronounced.
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If you are feeling lost—don’t understand the technology, can’t read the charts, don’t know when to enter, don’t know how to set stop-losses, don’t understand take-profit, randomly adding positions, getting stuck while bottom-fishing, unable to hold onto profits, missing out on market movements… these are common issues for retail investors. But don’t worry, I can help you establish the correct trading mindset. A single profitable trade speaks louder than a thousand words; finding the right direction is better than repeatedly losing. Instead of frequent trading, it’s better to strike precisely, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, subsequent trends will be based on real-time layouts. I look forward to progressing steadily with you in the market.
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