Daily Market Analysis of Cryptocurrency (8.12)

Summary:

If $BTC 11.57 is not effectively broken down, then we continue to be bullish. In the next couple of days, to maintain the upward trend, the price must stay above 11.95. The expectation above AMD's 12.1 has been met, and we are optimistic about building a 4-hour level central area in the range of 11.65-12.05. After that, we expect a rally to break the historical high. The major peak expectation is still between 12.63-12.78; if it stabilizes above 12.78, we could see 13.4. The two green lines that started from 7.45 can only be the end of a wedge structure; it cannot be a large-scale guiding wedge structure. So, make your own top escape plan. The upper pressure for the day is at 12.05, while the support is at 11.75 and 11.65. The second contract has not broken below around 4150; the old viewpoint remains unchanged, and there's nothing more to discuss.