August 12th Crypto Market News:

• BTC and ETH Market Trends: BTC reached a high of 122335 yesterday and a low of 118050, showing significant volatility. After opening this morning, it retraced, confirming support around 118. The daily chart formed a double-top pattern at midnight last night, and today's attention should be on the resistance level between 119-121; if it breaks through, it may once again challenge the highs. The daily chart for ETH is approaching support near 4150, and after touching it, it quickly rebounded and rose. At 8 AM, it closed as a small bearish candle with a long upper shadow, indicating a likely entry into a consolidation phase.

• Cryptocurrency Sector Index Rises: According to SoSoValue data, the cryptocurrency sector index, ssiCeFi, has risen by 3.09% in the past 24 hours. Key constituent coins performed well, with HYPE rising by 4.68%, BNB by 3.61%, and OKB by 1.33%.

• APT Token Unlocking: Aptos (APT) unlocked $50.3 million on August 12. Previous unlocking events caused a brief drop, but as long-term holders absorbed the supply, prices subsequently rebounded. Traders should closely monitor liquidity depth in this instance.

• Hong Kong Trade Development Council Updates: The Hong Kong Trade Development Council announced a workshop co-hosted with the International Chamber of Commerce on electronic bills of lading and blockchain technology. The Chairman of the Hong Kong Trade Development Council, Peter Lam, emphasized that Hong Kong is actively developing a digital trade ecosystem, focusing on innovation, efficiency, and international cooperation to strengthen its competitive advantage.