[August 7th Morning BTC, ETH Market Observation]


Trend judgment
Currently, BTC is still in the structural repair stage for the medium term, with the price rebounding from the lows of the downward segment but has not yet broken through the key supply zone above; ETH, on the other hand, is relatively strong, challenging the previous high area after completing a structural breakout, and the funding behavior shows that bullish momentum is slightly dominant.
Current trend analysis
BTC short-term rebounded to around 115300, but order flow data shows CVD divergence and active buying has not sustained. The data indicates that the rise is largely a short covering, and structurally it is close to supply pressure, with rebound momentum limited.
ETH has established a small-level support above 3670, structurally breaking upwards and continuously challenging the upper gap area. Both order flow and fund data are bullish, indicating potential for further upward movement.
Today's trading plan
BTC: If there is a pullback to form a small-scale structure reversal at 114200~114500, consider trying a light long position with a stop loss below 113500; if it does not break above 115500, do not consider chasing long.
ETH: If it stabilizes after a pullback to the 3670-3690 range, consider trying to go long. If it breaks below 3650, then wait and do not act. A breakthrough above 3720 may open up further upward space, with a target of 3800-3880.
Key Resistance and Support
BTC Support: 114200-114500, Resistance: 115300-115600
ETH support: 3670-3690, resistance: 3720-3750
Personal thoughts and risk warnings
Currently, the overall bias is towards structural repair, with no obvious trend continuation. BTC shows weak initiative, while ETH is strong but carries hidden concerns. If there is no strong capital breakthrough to overcome the upper structural resistance, the volatile pattern may persist. In terms of operations, be cautious of the resistance chasing long traps, and adhere to the dual confirmation of structure + order flow as a prerequisite for entry.
BTC-1.44%
ETH-1.42%
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Stuart_Crownvip
· 08-07 10:39
$PENGU is coiling up in a tight range after consolidation.

The tighter the range, the stronger the breakout.

Waiting for a confirmed close on the higher timeframe before taking the trade.

When it goes, it could move fast. Be ready.
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