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Bonk Eco continues to show strength amid $USELESS rally
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Pump.fun to raise $1B token sale, traders speculating on airdrop
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Boop.Fun leading the way with a new launchpad on Solana.
Let's take a look at the #Bitcoin market. The price is dropping again, and it has even fallen below the one-hour range once more. Many friends will inevitably ask, are we still looking at a second wave rebound?
At least for now, the answer is yes. I believe the current trend is still a range-bound fluctuation, and the daily stop-loss signal has not been broken, nor has the trend of the second wave rebound been disrupted.
As mentioned in yesterday's daily report, the market liquidity yesterday was even lower than on Sunday. Any small-scale positive or negative news could startle the market, causing it to fluctuate rapidly. Of course, for now, it is still in the upper range of the four-hour fluctuation.
What would constitute a disruption of the logic behind the second wave rebound?
If the previous low around 111,900 is broken without a recovery candle, then the daily stop-loss signal will be temporarily canceled, and the logic of the second wave rebound will be temporarily overturned.
What about short-term support and resistance?
Short-term support is around 114,000. I have readjusted the Fibonacci levels, with key support around 112,700.
Short-term resistance is still looking at around 115,400.
That's it for now. There are macro data releases tonight, so let's see how the data impacts the market. I will organize the daily report later!


4.8. klo 22.28
August 4th Crypto Comprehensive Daily Report
Introduction:
On the first day of the macro recovery market, the market is relatively calm, temporarily regaining rationality. Risk assets are cautiously rebounding, continuing to wait. This week's theme is macro recovery; no bad news is good news!
The China-U.S. Stockholm trade negotiations continue, focusing on the themes of "extension of trade pause" + "rare earth trade issues," suspected of using rare earth trade to exchange for a 90-day extension!

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