Market Analysis on August 3

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$BTC
The posts from a few days ago mentioned that BTC is paying attention to the 60-day moving average on the daily chart. It has perfectly retraced to the 60-day moving average on the daily chart.
Currently, a W bottom has appeared on the lower level, and the last segment of the downward structure with 5 waves has been completed. At this position, a rebound is anticipated, with the rebound area being between 114800 and 115800.
The later trend follows the purple and yellow routes. Considering that the MACD red bars on the 4-hour chart are not expanding, it indicates that the downward momentum is not strong. However, the yellow and white lines are not diverging. On the 4-hour chart, we either break new lows to form a bottom divergence, showing a weakening of momentum, and then rise, which would be the appearance of the first buy signal! Or, after a rebound, we can see a second buy signal that does not break new lows, leading to a direct rise! This also involves the switching of buying and selling points. Currently, I hold a long position.
$ETH
3350 is the price of the 12-hour 60 moving average, which was mentioned in previous posts. Additionally, 3350 is also a weak retracement level of the Fibonacci, and currently looking for a rebound, the thought process is consistent with Bitcoin.
$XRP
Already broken through the historical high, with a pullback and reduced volume, and clearly insufficient downward momentum in the 4-hour chart. A breakout above 3.32 indicates a successful reversal. This is a normal consolidation, similar to CRV SUI ENS UNI BNB #BTC .