8.12 Early Morning Analysis of Bitcoin:
Bitcoin rose to 122450 during the day before retreating to 119345 and stabilizing for a rebound, currently oscillating around 120000. The short-term strategy is mainly to accumulate long positions at lower levels, with support levels at 119300 and 118000; a breach would alert for further pullback. Resistance levels above are 120800, 121700, and 123000.
Ethereum remains strong throughout the day, with multiple quick recoveries. Support levels to watch are 4240 and 4170, focusing on light positions around support to accumulate long positions; if the daily low is breached, stop-loss and exit. Target levels above are 4300, 4400, and 4500.
