Analyst Liang Qiu: Analysis of the market trends for Bitcoin on August 12 at midnight.

CN
3 hours ago

Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here I share my views, hoping that every friend who follows can achieve good returns!

You can follow the public account Analyst Liang Qiu bb, focusing on mainstream coin guidance and layout. After Bitcoin surged and then retreated from the white盘, the overall rise in the evening was not significant. However, Ethereum once again tested the low point of 4160 from yesterday, rebounding and breaking the high point, reaching a maximum of around 4368, with an overall rise of 200 points in the evening, which is indeed strong. The short position we laid out in the evening is still near the opening price of Bitcoin, but Ethereum directly swept out the stop loss. Currently, the market has retreated after a high, especially Bitcoin, which is gradually showing a continuous bearish trend on the four-hour chart, indicating a weakening trend. The upper pressure is clearly at the 120000 to 120500 range, where the top-bottom conversion is still effective.

The hourly line is about to close with a long upper shadow. The market still has further downward space in the early morning. There is no need to chase the rise at this position, as Bitcoin did not rise in tandem in the evening, and there is still a possibility of further downward movement in the early morning. For Ethereum, pay attention to whether the upper high point can continue to break, using this position as short-term pressure.

The operation suggestion for the early morning is to continue shorting Bitcoin at the current price of 120000 to 120500, with a target around 118000; for Ethereum, continue shorting at the current price of 4320 to 4350, with a target around 4220. If Ethereum breaks down, it can continue to look down.

Currently, the market conditions are relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing manner, with specific operations based on real-time guidance. For more strategies, you can follow the public account: Analyst Liang Qiu bb.

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