August 5th Bitcoin Daily Outlook:


From the daily chart:
​1. Price broke below the 80,000 integer level, the daily candle closed bearish, with a dark cloud cover at the top.

2. MACD red bars continue to shrink, bullish momentum is weakening, and a bearish divergence is confirmed.

3. Bollinger Bands: upper band at 81,500 provides strong resistance, middle band at 77,700 offers support, currently weakening below the middle band.

4. Moving Averages: short-term moving averages are turning downward, with the 15/30-day moving averages shifting from support to resistance.
Trading suggestion: Watch for a rebound around 80,000-80,500
First target: 79,000
Second target: follow the trend to 77,000
$BTC #Gate广场五月交易分享
$ETH #比特币跌破8万美元
BTC-1.83%
ETH-2.15%
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