8.12 Morning Thought Analysis

After the price hit the upper Bollinger Band at 121000 and then retreated, combined with the pressure from the daily K-line high of 122400, there is a clear selling pressure above. The order book shows signs of raising prices for unloading, and the four-hour chart has broken below the short-term support of 120000 with four consecutive bearish candles, indicating a significant decline in short-term bullish momentum.

A miraculous nine-turn appears at the high level on the four-hour chart, with MACD continuing to show a top divergence and volume contraction. The DIF and DEA are starting to converge downwards, collectively indicating that the short-term market is entering a correction phase, with a prominent lack of momentum in the order book.

Operational Suggestions

Bitcoin: Buy around 118300, target 120000

Ethereum: Buy around 4240, target 4320#比特币市值超越亚马逊 $BTC