Tuesday afternoon analysis of Bitcoin Aunt 8.12

The market closed bearish yesterday and formed a hammer candlestick, signaling a short-term decline. The price failed to break through the previous high resistance level of 123300, confirming the effectiveness of the resistance. The four-hour level shows that the price is supported by the middle band of the Bollinger Bands and is consolidating, but the bullish momentum is insufficient. This indicates that the adjustment has not yet ended. It is recommended to continue to position short orders based on the resistance level during the day.

Trading Suggestions:

🌱 For Bitcoin, enter short around 1193-1198, with a target of about 1170.

🌱 For Aunt, enter short around 4320-4340, with a target of about 4180.

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