8.12 Bitcoin Morning Strategy:

From the four-hour level, after the price touched the middle track, it quickly rebounded. The short position's pullback was severely damaged, indirectly proving that the market contains certain enticing short-selling behavior. In the subsequent layout, we can focus on the pressure capacity of the middle track and continue to increase positions upwards. This signal is more evident on the hourly chart; after touching the lower track, the price quickly rebounded to recover lost ground, leaving no space for short positions to develop. There are continuously long wicks appearing below, and resistance levels are consistently manifested, presenting as a range, making it difficult for the bearish trend to show more effective development. The bullish trend is further strengthened.

​Trading Suggestions:

Bitcoin: Buy around 118300, target 120000

Ethereum: Buy around 4180, target 4350