August 12th BTC Market Analysis:

From the 4-hour candlestick chart, after the price started from a low position, it steadily rose with a combination of small upward candlesticks and strong bullish candlesticks, eventually reaching a high point of 122450. This process clearly demonstrates the concentrated release of bullish strength and directly establishes a phase of upward trend.

During the subsequent pullback, the candlesticks mainly alternated between small bearish and small bullish candles, with no significant bearish candlestick breaking key support, indicating a power accumulation pullback within the upward trend. This pullback has both digested the selling pressure from short-term profit-taking and retained the core structure of the bullish trend, not signaling a trend reversal.

Throughout the price retracement, it consistently operated above the middle track, with multiple dips being quickly pulled up, indicating significant support from the middle track. The bullish sentiment relying on this support is strong.

In summary, the core of the bullish trend has not been damaged. In terms of operation, it is recommended to selectively position long orders during the pullback process.

Operation suggestion: You can try to place long orders around 119200 near #币圈 $BTC