Analyst Liang Qiu: On August 11, Bitcoin/Ether fluctuated widely back and forth, what is the intention behind this?

Ethereum was at this position last night, and it still remains at the same position, just peaking after breaking a high point before falling back. Bitcoin broke the important resistance level of 120000, reaching a high of 122450, but has also fallen back down, currently breaking the 120000 level once again. The multi-order setups we arranged last night at 4160 and 118000 reached a high of 122450 and 4349, and the overall space is still quite good. However, the market has now broken down, with the four-hour level consistently closing bearish and breaking the four-hour low point. Although Ether has returned to last night's position, since it is a broken market, we cannot look at range fluctuations anymore.

After Bitcoin breaks the 120,000 level, we can rely on this position to view it as short-term pressure again in the evening. Follow the operations of Ether accordingly. From a short-term perspective, we can rely on the upper short-term pressure between 4,230 and 4,250 to observe a pullback. In the evening, we will first look at the strength of the rebound, waiting to enter short after a rise. Pay attention to Bitcoin's next attempt to surge near the 120,000 level for Ether, and adjustments need to be made promptly if the trend changes.

Evening trading advice: Enter short positions for Bitcoin around 120000 to 120500, with a target near 118000; for Ether, enter short positions around 4210 to 4240, with a target near 4140.

[The above analysis and strategy are for reference only. Please bear the risk yourself. The article review and publication do not have timeliness, and the specifics are subject to real-time conditions.] #BTC重返12万# #预测 BTC 多空走势# #晒出我的Alpha积分#