August opens with a loss!

The decline of Bitcoin and Ethereum is significant, there hasn't been a decent resistance on the hourly level, and the altcoins are in a bleak situation🥶
Now everyone is focusing on the support level of 115000 for this range. If it stops falling, we still have expectations of seeing new highs. If it breaks down, it signals a top for the short-term market, and we will have another round of deep washout and chip turnover before the market starts again.
Everyone is paying attention to the price action around 115000 for Bitcoin. Personally, I expect it to continue to pull back, as the spot positions are not fully loaded.
It is now the time for the bulls and bears to confront each other again, determining both the high and low as well as life and death.