I am eating out, will return later

$BTC Qian Ruyu 8.12 Bitcoin Intraday Analysis

Yesterday it rose to 122450, almost breaking the previous high but didn't go.
There is liquidity to clear at 123000, but it didn't go.
In the middle of the night, it hit the pressure level of 120600 but couldn't hold above 120000.
Now it's down to 118000 and not hitting anymore.
Because here the four-hour middle track supported it a bit.
This is also quite critical; if it can hold.
The bulls are gathering strength and have been consolidating downward; let's see how it goes.
If it can't hold, going back to 114-116 wouldn't be surprising.

Now it's good; the daily line has formed a double top.
One punch shattered my heroic dream of 125000.
Basically, I can't be a dead bull these days; I need to be flexible.
Right now, it wants to move in a range.
Before a direction emerges,
both long and short can be taken, but I might focus more on shorting and supplement with longing.

Today, attention should be on 118000; this point is also a starting point.
Open a short position at 119000-119500, and add one near 120600.
At that time, the average price will be around 119800-120200.
Hold above 120800 for stop loss.
Manage yourself; if adding one position is acceptable if hitting stop loss is within a bearable range.
Look to reduce positions with a target at 118000; if 118000 breaks, look at 117000.