On the morning of August 12, the situation regarding Bitcoin and Ethereum can be understood as follows:

On the Bitcoin side, the 4-hour candlestick chart has shown five consecutive bearish green candles, and trading volume has noticeably increased, indicating that the selling pressure is stronger and dominant. The MACD technical indicator has formed a bearish cross, and the green bars are continuing to lengthen, suggesting that the selling force is accelerating, while the buyers' counterattack is insufficient, creating a significant pressure in the overall market. The price did not surpass the middle line of the Bollinger Bands and has dropped back down. The increased trading volume is largely a result of widespread selling. Currently, there are no clear signals indicating a bottom has been reached, and it may take some time to form a bottom in the short term.

Personal suggestions:

• You can consider shorting Bitcoin in the range of 119300-119800, with a target looking towards 118000-116500.

• You can consider shorting Ethereum in the range of 4300-4330, with a target looking towards 4180-4050.