Xiao Yao KOL: Bitcoin Ethereum Afternoon Market Analysis 8.12

Currently, the daily chart for Bitcoin shows that a long bullish candlestick was formed on August 10, followed by price fluctuations at high levels. Recently, the K-line has shown slight volatility without breaking through the previous high point of 122335. On the 4-hour chart, a rapid rise was observed at 08:00 on August 11, followed by a pullback. It is currently in a short-term consolidation range between 118400 and 119300. The DIF and DEA are gradually converging, the red bars are shortening, and momentum is weakening. The daily MACD is still showing green bars but there are signs of strengthening. Daily trading volume has significantly shrunk after a surge on August 10, indicating that market sentiment is becoming cautious. The 4-hour trading volume continues to decline, suggesting that both bulls and bears are in a wait-and-see mode in the short term. It is recommended to enter high positions during the day.

Trading suggestion: Enter long positions for Bitcoin around 119300 to 119800, with a target near 117500. For Ethereum, enter long positions around 4300 to 4330, with a target near 4230. Market conditions are constantly changing, and this article is time-sensitive. Friends entering the market should prioritize real-time guidance: #比特币市值超越亚马逊 $BTC