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Bitcoin and Ethereum Trading Recommendations and Future Trend Analysis (8/7)

2026-08-06 16:02:30
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Bitcoin and Ethereum Trading Recommendations and Future Trend Analysis (August 7th): The current market is showing a clear downward trend. Technically, the formation of a dark cloud cover pattern and the divergence signal in trading volume indicate that the market is facing downward pressure, and prices may further decline. Although market sentiment is in a neutral range and demand for BTC has increased recently, the strong bearish characteristics of the technical signals require investors to be cautious. The effectiveness of the support level of 64415 will be key to determining the subsequent trend. If this support level is broken, it may trigger a larger decline. Analyst Xiao Ma's Diary Trading Recommendations: Bitcoin: Short at around 64800-65300, target around 63000-62500; Ethereum: Short at around 1920-1940, target around 1850-1830.
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