8.12 Tuesday morning Bitcoin and Ethereum market analysis and trading suggestions: The middle of the mountain is always the most crowded; you have to go to the top of the mountain to take a look. The stars do not ask the traveler, and time does not disappoint those who are determined. The harder you work, the luckier you get! This sentence encourages us on the journey of life not to be satisfied with the status quo but to bravely pursue higher goals. Although the road ahead may be full of challenges, as long as we persistently work hard, we will surely reach the peak of success and reap our own glory and brilliance. From the current market data, the 4-hour Candlestick Chart has already shown five consecutive Bearish lines, forming a clear downtrend of five consecutive Bearish lines. The body of each Bearish line is relatively full, accompanied by gradually increasing Trading Volume, indicating that short positions are continuously making a strong push. Although during this period the long positions have repeatedly attempted to organize a Rebound, they have failed to form an effective reversal signal. Recently, the market trend has shown a clear weakness, and the current price has dipped to the vicinity of the middle band of the Bollinger Bands. This round of decline is accompanied by a moderate increase in Trading Volume, indicating that market selling pressure is gradually being released, but there has yet to be a clear bottom divergence signal, suggesting that the market may need more time to complete the bottoming process. In the afternoon, we still look for a wave of Rebound to recover the subsequent high positions.


Bitcoin: Short positions can be taken around 119000-119500 with a target of 117000, if it dips below, watch for around 116000. Ether: Short positions can be taken around 4290-4310 with a target of around 4200, if it dips below, watch for around 4150. #TOKEN OF LOVE 重磅回归 # #比特币市值超越亚马逊# #晒出我的Alpha积分# #加密总市值创历史新高# #BTC重返12万#
BTC0.33%
ETH2.15%
TOKEN1.54%
LOVE15.81%
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