August 12 Morning Analysis:

The four-hour level market quickly rebounded after hitting the mid-line, with weak bearish pullbacks, showing characteristics of a trap for short positions. It is essential to focus on the strength of the pressure at the mid-line, and gradually increase positions to go long.

The hourly chart signals are clearer, quickly recovering losses after touching the lower line, with frequent long wicks below indicating accumulated resistance. Bears find it difficult to sustain, while the bullish trend strengthens.

Trading Suggestions: Go long around 118300 for Bitcoin, targeting 120000; go long around 4250 for Ethereum, targeting 4350. $BTC $ETH