8.13 Wednesday Morning Analysis:

The market fluctuated and rose in the early morning, returning to above 120,000, but it is clear that the short-term pullback is weak, and the continuation at high levels is poor. There are many upper shadows on the 4-hour chart, and the upward momentum lacks a breakthrough, making it suitable for short positions during the day.

Bitcoin: 120500-121000 range, target 119000-118000. $BTC $ETH