‼️August 1st ‼️

# Mainstream Market Analysis

1. U.S. stock market trends:

--Last night, US stocks surged and then fell back, indicating a potential peak on the daily chart. The upper shadow is long enough, and if there is no correction today, a downward turning point may occur. Currently, the daily trend line has slightly broken, so we need to pay close attention to whether there will be a significant drop tonight that could change the trend. Defense is the priority.

2. #BTC Trend:

-- Recently emphasized that 114892 cannot be broken, the oscillation space on the 4-hour chart has been broken. (1) Pay attention to whether the resistance level near the descending channel at 117800 can be effectively broken. (2) 114892 cannot be broken by a large bearish candle, it may resonate with the US stock market in the evening. If it is broken, note the first support level at 109862 below. (3) The trend line at the 12-hour level is difficult to repair again, mainly considering that the time cycle has passed.

3. #ETH Trend:

--Signs of weakness are appearing at the 4-hour level, with adjustments as the main focus. In the past few days, the pressure for a counterattack is still before the 4000-4100 range, where the weekly triple top resistance remains significant. It is likely that we need to wait for this adjustment to end before launching a counterattack and breaking through. The daily trend line has already been forced in the four-hour cycle, and the daily chart shows a repair period of three days. Pay attention to the previous support level at 3506.

4. The current key support level for #BTC is:

The core tonight focuses on the trend of the US stock market's Nasdaq, which will resonate with BTC.

• Upper pressure: Resistance level near 117800, support level near 114892 M head and shoulders neckline. Exercise caution with long positions; avoid heavy investments in speculation. Open short positions slightly to enter the market and speculate on tonight's large bearish candle in the US stock market.

Note: Control the position size for long positions with small stakes; small losses should not turn into large losses, and cut losses in a timely manner.