August 1st Afternoon Bitcoin and Ethereum Trading Suggestions and Directions

The market is not lacking opportunities; what’s missing is the courage to seize them. From the current chart, Bitcoin has been in a narrow range correction phase since this morning. The game is slightly biased downward, but there are no obvious signs of trend reversal. It can be seen as a technical correction after the early morning surge. Overall, it remains within an upward channel, with the three moving averages continuing to rise. Support at 93,000 remains solid below. Although a MACD death cross has appeared, after a slight increase in volume, the volume gradually decreased, and the overall trend has not changed. However, be cautious of pullback risks; after setting stop-loss orders, you can still consider subsequent arrangements. Therefore, Lao Zhao’s afternoon trading advice remains to focus on buying on dips.
For Bitcoin, consider buying near 93,600 to 93,000, with attention to 95,000 (stop-loss at 92,700).
For Ethereum, consider buying near 3,220 to 3,190, with attention to 3,300 (stop-loss at 3,170).