BTC Market Analysis and Trading Suggestions (August 1)

Evening Review

Today, the BTC price is showing a fluctuating downward trend, currently quoted at 115,012.45 USDT, down 3.02% from yesterday. From the 15-minute K-line perspective, the price fluctuates between 114,116 and 118,879, with intense short-term bullish and bearish battles, and the downward trend has not yet fully reversed.

Key levels in the evening

• Support level: 114,000 USDT (near previous low point, if broken, need to be alert for further decline)

• Resistance level: 117,000 USDT (near the intraday rebound high point, a breakthrough may help recover the decline)

Operation advice

• Conservative: Lightly buy in the range of 114,000 - 114,500, with a stop loss at 113,500; take profit in batches as it rebounds to 116,500 - 117,000.

• Aggressive: If it quickly dips to 114,000 and stabilizes, a small position can be taken to bet on a rebound, targeting 115,500 - 116,000, with a stop loss on a breakdown.

Pay attention to US stocks and macro data in the evening (such as the fermentation of non-farm related expectations). Data fluctuations may amplify market movements, strictly set stop-losses, and control positions!