[4-hour BTC price trend analysis]

1. K-line Patterns:
- The daily chart shows three consecutive days of closing in the red, with the price gradually falling from around 118000 to about 114800, forming a clear downward trend. Recently, the candlestick chart has shown long upper shadows and large bearish candlesticks, indicating strong selling pressure.

- In the 4-hour period, the price continued to decline between July 31 and August 1, accompanied by multiple rebounds that failed to break through the previous high. The overall trend is weak, and it is currently in a phase of consolidation and adjustment.

2. Technical Indicators:
- MACD: The 4-hour MACD histogram remains negative and is widening, with the fast and slow lines diverging downward, indicating that bearish strength is dominant; the daily MACD is also below the zero line, further confirming the downward trend.

- RSI: The 4-hour RSI value is 30.42, close to the oversold area, but has not yet entered the extreme zone, indicating a potential short-term technical rebound demand; the daily RSI remains below 40, suggesting a bearish market sentiment.

- EMA: The 4-hour EMA7, EMA30, and EMA120 are all in a bearish arrangement, with the price having fallen below all moving averages and far from EMA7, indicating significant short-term pressure; after the daily EMA7 and EMA30 formed a dead cross, they continue to extend downward, with the EMA120 support level around 116800.

3. Trading Volume:

- The daily trading volume has significantly increased over the past two days (17010 and 8210), corresponding to a rapid price decline, indicating concentrated capital outflow and a bearish dominance in the market.

- The trading volume in the 4-hour period has decreased, indicating a weakening of the downward momentum, and the market may enter a brief consolidation phase.

[Buying and Selling Points]

- Buy point one: 114000 USDT (Reason: integer support level, close to recent low of 114313, and RSI is approaching the oversold zone, indicating a need for a rebound)

- Buy point two: 113000 USDT (Reason: Further probing down to a stronger integer support area, meeting the more than 1% interval, and close to the psychological support level)

- Long position stop loss: 112500 USDT (Reason: If it drops below 113000, it may trigger more selling pressure, this is a reasonable risk control position, not exceeding half the distance between buy point one and buy point two)

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- Sell Point 1: 116800 USDT (Reason: EMA120 forms a resistance level on the 4-hour time frame, and there is significant selling pressure near the previous swing high.)

- Sell Point Two: 118000 USDT (Reason: Daily level EMA30 and previous important resistance area, if the price breaks through 116800, it is expected to test this position)

- Short stop loss point: 118600 USDT (Reason: If it breaks through 118000, it will enter a new upward trend. This is a reasonable risk control position, not exceeding half the interval between sell point one and sell point two)

The above views are for reference only! #BTC# #ETH# #比特币#