Analysis and Trading Reference for Bitcoin (BTC) on August 3rd (Written at 0:13)

The current price of Bitcoin is nearly 113,000. The daily chart shows that the candlestick is in a consolidation phase near the lower Bollinger Band. In the short term, the market shows a weak correction trend, while various indicators are in an oversold state, indicating a potential opportunity for a rebound. Yesterday, it was mentioned that if the key support on the 4-hour chart is lost, it will continue to decline. From the intraday market perspective, the EMA250 has turned from support to resistance since early yesterday morning, so this position should continue to be referenced as a high point entry opportunity. The lower EMA60-EMA80 positions need to be monitored, as the daily candlestick chart is trending down and is expected to approach this position. Additionally, in the MACD, the DIF line has crossed below the DEA line, and the histogram is increasing in negative value, with the fast line continuing to decline towards the zero axis. KDJ: The K and D lines are at a low position, and the J line is negative, suggesting that the market is oversold, with a short-term continuation of the downward trend. The short-term RSI is below 20 and oversold, indicating a potential for a rebound. The short-term EMA line is trending down, the mid-term EMA lines are converging, and the long-term remains in a bullish arrangement. It is advised that bulls should not rush in; continue to wait for the short-term space to complete, maintaining a focus on high short positions during the pullback!

Selling Points:

• Short at ≥114,000, stop loss above 114,900; take profit at 113,300-112,500-111,700. If it breaks below 111,600-111,500, it can be held.

Buying Points:

• Long at ≤110,500, stop loss below 109,500; take profit at 111,600-112,800-113,900. If it breaks above 114,000-114,500, it can be held.

The article review and push have delays; the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Do not operate with heavy positions! Thank you for reading!

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Remember, the cryptocurrency world is not just about numbers and charts; it is an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and improving your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, may you all shine on the stage of cryptocurrency, realizing your value and dreams. No matter when and where, Red Sister cheers for you and looks forward to your wonderful performance. Red Sister wishes everyone a smooth journey in the cryptocurrency world, returning with a full load!

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