BTC is currently in a choppy downward channel. In the short term, it faces resistance around $64,200, while $62,200 below is expected to provide support. If it breaks down, it will accelerate the move to test the lows; it is recommended to stick to a high-short bias. $BTC

As long as BTC and SOL hold in the support area, the meme coin sector still has the potential to continue rising. However, because volatility is high, it’s best to avoid FOMO and wait for volume confirmation before opening a position. Focus on risk management and don’t chase prices that have already risen too far $SOL $BTC

Aug 4 BTC market analysis from 1:00 a.m. onward At first, the market surged to test the high point around 64,058 in the early hours. After touching the resistance zone, bullish momentum quickly faded, and the market began a sustained pullback, forming a bearish structure in which the high points gradually move lower. The overall trend shows a pattern of stepping-down declines under pressure after a push higher. Although there were small rebounds and repairs along the way, the rebound strength was very limited; each rise failed to break through the prior high, making this a weak-rebound pattern. During the decline, support levels were repeatedly broken. The downtrend kept its advantage, and the price fell all the way to a low around 63,310. During the drop, buy-side support was thin, and the rebound lacked staying power—downward momentum was fully released. From the market’s pacing, it’s clear that resistance overhead is strong. The bulls are temporarily unable to organize an effective counterattack. In the short term, the market focus continues to shift downward, and the weak pattern remains. #Gate储备金率117%持续领先 $BTC $ETH