8.12 Initial Analysis for Early Thoughts

Yesterday, both Bitcoin and Ethereum were successfully captured! Bitcoin has been bearish since 122000, while Ethereum turned bearish from 4350!

Currently, both Bitcoin and Ethereum have formed a death cross on the hourly KDJ, and on the 4-hour level, the RSI index is turning down with slight corrections, so we will still adopt a strategy of selling high and buying low.

Trading Suggestions

Bitcoin: Sell at 119500-120000, target 116000-117000

Ethereum: Sell at 4270-4300, target 4100-4150

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