8/1 BTC drops below 8000
BTC:
Judging from the daily line, the BTC fell and broke.
The average line broke, the Japanese line died fork, and the BTC technical surface all appeared bearish signals.
However, in my opinion, at this turning point, there will often be a major counterattack, and only this time point, the counterattack strength will be useful. Once there is a big rebound, it will lead to a one-sided reversal of the technical signal.
After the BTC falls into the shock box, it needs to pull back up and test the resistance level along the bottom of the box: $7662.3.
The next BTC short line fell to the bottom, and the currency price fell to the support level: $7492.7, forming a small double bottom, and then the short line quickly pulled up, rising to the resistance level: $7814.1.