Analysis and Trading Suggestions for the Morning of August 12

From the current market analysis, the 4-hour K-line chart has consecutively formed five bearish candles, creating a clear downtrend of five consecutive bearish candles. Each bearish candle's body is relatively full, accompanied by gradually increasing trading volume, indicating that the bearish forces are continuing to exert pressure.

Although the bulls have repeatedly attempted to organize a rebound during this period, they have failed to form an effective reversal signal, and the recent market trend has shown considerable weakness. The current price has dropped to near the middle band of the Bollinger Bands, and this round of decline has been accompanied by a moderate increase in trading volume, indicating that the market selling pressure is gradually being released. However, there has yet to be a clear bottom divergence signal, suggesting that the market may need more time to complete its bottoming process.

Trading Suggestions;

Short Bitcoin around 119000-119500, with a target at 117000.

Short Ether around 4230-4260, with a target at 4150#回调上车 .