Market Interpretation on August 12
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$BTC Continuing to oscillate around the 30-minute center, returning to the center again, rebounding for a period on the 5-minute chart, continuing downward to look for oscillation
$ETH Oscillating and correcting around the center
Daily chart shows an upward trend
Weekly chart shows an upward trend
4-hour, 1-hour, and 30-minute charts transitioning from upward to sideways
Looking for buying points below the center
The 60 moving average on the 1-hour chart has already been tested twice, with a space of $150 for buying
On the 3-4 hour MACD, a high-level death cross is occurring, continuing to correct, and there is a possibility of testing the 60 moving average on the 2-hour chart
In summary, currently at the 8th oscillation around the center, usually upgraded after 9 oscillations
This is just a washout during the upward movement, looking to buy at the low points of the center
For shorting, only focus on the 5-minute bearish arrangement; otherwise, try not to short Ethereum
