Morning Thoughts on 8/12:
For Bitcoin on the 4-hour chart, after quickly rebounding from the mid-track at the bottom, the short positions have been severely damaged, indirectly proving that the market contains certain bearish behaviors. In the subsequent layout, we can focus on the mid-track's ability to withstand pressure and continue to increase positions to the upside. This signal is more apparent on the hourly chart, as it quickly rebounded from the bottom track, reclaiming lost ground and not giving the bears space to develop, thus reinforcing the bullish trend.
Operation Suggestions:
Buy at 118200-118700, target 119800-120800, stop loss at 118000.
For Ethereum: Buy at 4200-4230, target 4350-4400, stop loss at 4170.
