Latest Analysis of BTC/ETH on the Early Morning of 8.12

From the current market perspective, recently influenced by the expectation of three interest rate cuts, the market has entered a bullish trend. During the day, BTC surged strongly from 118,000 to the 122,300 mark, and in the evening, it again pulled back to 119,200, currently operating at the lower support level. It is essential to pay close attention to the breakdown of the 119,000 mark below; if it does not break the bottom, there is still strong bullish momentum ahead. Currently, all indicators are performing well, and each pullback can be seen as an opportunity to go long, with an operational suggestion to maintain a primarily long position at lower levels.

From the four-hour chart, the Bollinger Bands are opening upwards, with the middle band rising simultaneously, indicating a gradual weakening of bearish strength and an increasingly obvious bullish trend. The middle band has been touched multiple times without breaking, further solidifying the bullish pattern, with a continued focus on a low long strategy.

It is recommended to go long on BTC in the 119,000-119,500 range, with a target looking towards around 121,000-122,000.

It is recommended to go long on ETH in the 4,230-4,270 range, with a target looking towards around 4,400. $BTC $ETH