8.12 Afternoon Thoughts and Suggestions

In the morning, Auntie first secured over 100 spaces, and there were fluctuations, continuing the sprint. When you get on this roller coaster, no one can sit straight in the elevator all the way. When it falls, don’t cling to the door and shout 'Why is it going down?', and when it rises, don’t rush to the front and ask 'When will it reach the top?'. These moments of panic actually take others' speed as your own direction. Remember, fluctuations are normal; the key is to hold onto the handrail and see clearly where you want to go.

In the 1-hour chart of Bitcoin, the lower band of the Bollinger Bands has quietly turned upward, constructing a more solid short-term support area. The current price of Bitcoin is closely attached to the lower band, oscillating repeatedly, and the amplitude of the K-line fluctuations continues to narrow, showing a 'not falling' stabilization characteristic. At the same time, during the pullback process, trading volume has continuously shrunk to a stage low, reflecting that the bearish selling pressure is nearing exhaustion. Although the middle band of the Bollinger Bands still maintains a downward trend, the combination signal of strengthened support at the lower band and stabilized shrinking volume has outlined potential opportunities for a short-term rebound. If it can break through the current oscillation range with a rise in volume, Bitcoin is expected to rely on the support power of the lower band to launch a counterattack toward the middle band. Attention can be paid to low absorption gaming opportunities near the lower band, betting on this technical repair rebound. Of course, setting a short-term stop loss is also essential.

Short-term suggestions:

Bitcoin can be played around 118500, targeting near 120000,

Auntie can be played around 4250, targeting near 4350 $BTC #BTC重返12万 $ETH