Track real-time trends in the cryptocurrency world and seize the best trading opportunities. Today is Saturday, August 2, 2025. I am Wang Yibo! Good morning to all cryptocurrency friends ☀️ Daily attendance 👍 Like for great wealth 🍗🍗🌹🌹

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On Friday, U.S. stocks closed lower, with the Dow down 1.23%, the S&P 500 down 1.6%, and the Nasdaq down 2.24%. The Nasdaq Golden Dragon China Index fell 1.82%, Alibaba (BABA.N) dropped nearly 3%, Amazon (AMZN.O) plummeted over 8%, with a market value evaporating more than $200 billion in a single day. Meta Platforms (META.O) fell over 3%, while Apple (AAPL.O) and Nvidia (NVDA.O) dropped over 2%. Last night, the U.S. non-farm payroll data for July was released, indicating a significant cooling of the labor market. Regarding this data, Powell rejected the idea of interest rate cuts, and the Lion King said: the non-farm employment data is manipulated to make me look bad. The crypto market fell across the board 📉, especially Bitcoin and Ethereum, which lost their support levels one after another. Pay attention to Yibo to grasp real-time dynamics.

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After Bitcoin's white盘 fluctuated and rose to around 115947, it began a downward trend. As of now, it has dropped to a low of 112818. From a four-hour perspective, the price shows an orderly descending channel, with the rebound highs gradually decreasing, indicating a lack of strength in the bulls. The current downward structure is complete. The daily bearish structure is the core trend, and the four-hour rebound is a secondary fluctuation, suggesting to short at highs. Entry can wait for the four-hour rebound to encounter resistance at the middle track, with stop-loss set at the recent daily candlestick high or above the middle track; if there is a "long lower shadow + increased bullish volume" on the four-hour chart that breaks the middle track, caution is needed for a short-term bottom. Currently, the bearish trend is strengthening, and the downward momentum has not diminished, so it is necessary to avoid premature bottom fishing and adjust strategies only after the daily chart stabilizes above the middle track. In terms of operation, it is recommended to maintain a bearish outlook, closely monitor the breakthrough of key resistance levels, and wait for confirmation of trend acceleration signals before positioning accordingly.

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Ethereum and Bitcoin's movements have synchronized, dipping from the high point of 3675 to around the low point of 3427, where it has stopped falling, but the rebound momentum has quickly weakened. On the four-hour chart, the price repeatedly shows long upper and lower shadows near the lower Bollinger Band, reflecting a divergence between bulls and bears at low levels: the long lower shadow indicates a technical rebound due to short-term bottom-fishing funds entering, while the long upper shadow shows that the rebound faces bearish pressure, confirming a weak pattern. The continuous formation of 5 bearish candles creates a 'bearish cannon', and the minor rebound during this period is a 'trap for bulls', serving as an opportunity for bears to increase their positions. Overall, the daily bearish structure is the core trend, and the four-hour rebound is a secondary fluctuation, suggesting to short at highs. The coin price is likely to continue downward along the lower track, possibly breaking the lower track again to refresh the lows, with a more pronounced bearish atmosphere in the technical analysis.