BTC/ETH Market Analysis for the Morning of August 1, 2025
That night, 4 billion CNY liquidated, leaving 133,781 people wiped out! It's time to test your positions again. Those with short positions are undoubtedly overjoyed by the sharp decline, while those without short positions are likely to take on more. And then there's the matter of waking up with a full position. The market is teaching you a lesson. Without position management, you're definitely panicking. What should you do in this situation?
First, determine whether your entire position is profitable or loss-making. If it's profitable or slightly loss-making, exit all your large positions! Keep only one position; don't hold multiple positions at once, or you won't have the energy to handle large market fluctuations!
This point has been made in countless live streams: you only need one position, not multiple. If you have a large capital base, you can hold two!
Next, check how many opportunities you have to cover your position in the remaining position. If covering it 1-3 times won't affect the overall situation, then patiently wait for a rebound to give you an opportunity to sell. If not, cover your position based on the points below, taking profits and losses as needed!
BTC Focus
Support 112000/109500/107500
Resistance 119200/116411
The early morning decline continues today. A pullback is an opportunity to escape. If it approaches your initial investment, you can escape immediately, or if you closely monitor the market and recover your investment, you can immediately escape immediately. In this market, if there is a sharp pullback, you can immediately escape immediately because of the transaction fees. Don't wait for orders accepted in the early morning!
If BTC fails to recover after breaking through 116411, it will face a pullback test of 4000+. Will the big non-farm payroll data tonight trigger a sudden rebound? Exit any position within the day, even if we look for an entry point tonight. Don't let ultra-short-term speculation turn into medium-term and then long-term positions!
ETH Focus
Support 3425/3339
Resistance 3892
There is currently a fierce battle between 3715-3725. If you didn't escape this point last night, seize the opportunity to significantly reduce your position or escape!
Operationally: This morning, I proved the importance of position control. If your position isn't balanced, you'll be wiped out the moment you wake up. Now, I've only made my first position or added to my position. Seeing such a large drop, I was panicking, but now that I've only got a small position, I'm definitely calm!
The 12345 strategy can be used again during a decline. BTC has initially emerged from its second wave. Keep an eye on the market and see if it's time to take action!
#USTariffs
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