Morning Thoughts on 8/13:

In the 4-hour chart of Bitcoin, the recent price experienced a rebound but has once again fallen into a state of pressure and decline.

During this period, although it briefly broke through the key position of the middle Bollinger Band, seemingly showing some upward momentum, the dense pressure area above has always acted like an insurmountable barrier, suppressing further price increases.

Trading Suggestions:

Bitcoin: 120000-120500 range, target around 118000.

Altcoin: 4620-4650 range, target around 4420, each with a good defense at #加密货币 .