Market Outlook for August 6

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Summary: Long position strategy for BTC
1 Break above 115800, forming a clear 30-minute buy without breaking new lows, go long.
2 Break below 111850, then pull back to 111850 to form a false breakdown 2B long.
ETH 30-minute bottom V reversal, key neckline around 3520, consider going long if it re-establishes above the 60 moving average on the 1-hour chart, following Bitcoin.
It is important to note that if Bitcoin quickly rebounds after hitting a new low, Ethereum may not necessarily hit a new low. Ethereum's rebound is stronger than Bitcoin's.
Ethereum 15 needs to hold 60 for both 1 hour and 4 hours to consider going long, and attention must be paid to the strength, as 3736 is a potential 2 sell on the 4-hour chart. If this point cannot be effectively broken, the suspicion of a false breakout cannot be ruled out #BTC .