Analyst Chen Shu: 8.12 high position consolidation waiting for the market to give direction, midday Bitcoin, Ethereum market analysis strategy.



Bitcoin on the daily chart shows that yesterday it closed with an inverted green K-line. Although the price once again surged to a high point of 12.25, if it cannot stabilize above 120,000 after the subsequent pullback, it will likely maintain a fluctuating consolidation trend in the short term. The support below is focused on the 11.73 line. Looking at the 4-hour level, it has continuously closed with bearish candles, adjusting to the 11.88 line. The dense trading area below at 11.8 will become a key support in the short term, and the intraday pullback should first pay attention to the price range of 11.8-11.73.

From the daily chart of Ethereum, it is currently continuously piercing above 4300, with the last two trading days both forming green doji stars. There is significant pressure above 4300 in the short term, while the key short-term support level to focus on is the loss or gain of 4170. If it does not hold this line, there is unlikely to be a major retracement trend at the short-term level. If it effectively breaks below the 4170 line, then the short-term support will be focused on the 4060/4000 USD level.

Midday operation ideas (writing time: 15:00):

BTC: 11.8 more, pullback to 11.72 to add more, target 11.9/11.95

ETH: 4330-4170 high sell low buy, waiting for the range to break.

Daily analysis strategy has an extremely high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment, thank you all, and feel free to leave comments below for discussion, I will reply one by one.
BTC3.67%
ETH2.99%
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7379vip
· 08-12 07:39
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