8.12 Tuesday morning Bitcoin Ethereum market analysis and trading suggestions

The midway point is always the most crowded; you have to go to the top of the mountain to see. The starlight does not ask the traveler, and time does not disappoint those who are earnest. The harder you work, the luckier you get! This statement inspires us in our journey of life to not be content with the status quo, but to boldly pursue higher goals. Although the path forward may be full of challenges, as long as we persistently strive, we can definitely reach the peak of success and reap our own glory and brilliance. Early morning market review: Bitcoin faced resistance and fell back after rebounding to a high of 120769, stabilizing after dipping to a low of 118032; Ether also experienced pressure after hitting a high of 4365, showing a weak oscillating trend, ultimately finding support around 4188. The bearish strategy we previously released was accurately fulfilled. In terms of specific operations: we successfully placed a Bitcoin short at 120700 in the VIP band and took profit at 118500, gaining 2200 points; the Ether short at 4350 also took profit smoothly at 4200, gaining 149 points. Overall, the market trend completely aligns with our predictions, providing significant opportunities for our friends.
From the current market perspective, the 4-hour K-line chart has consecutively produced five bearish candles, forming a clear downtrend of five consecutive bearish candles. Each bearish candle has a relatively full body, accompanied by gradually increasing trading volume, indicating that the bearish force is continuously gaining strength. Although the bulls have attempted to organize rebounds several times during this period, they have failed to form effective reversal signals. Recently, the market trend has shown a clear sign of weakness, and the current price has dipped near the middle band of the Bollinger Bands. This round of decline is accompanied by a moderate increase in trading volume, indicating that the market's selling pressure is gradually being released, but no obvious bottom divergence signal has emerged yet, suggesting that the market may need more time to complete the bottoming process. In the morning, we still look for a rebound to recover the subsequent highs.
Bitcoin: Short sell around 119000-119500, short-term target 117000
Ethereum: Short positions can be taken near 4230-4260, with a short-term target of 4150.
#TOKEN OF LOVE 重磅回归# #BTC重返12万# #晒出我的Alpha积分#