Wall Street Morning Report 08.12: Wu Song drunkenly lying on Jingyang Ridge? BTC's counterattack warning!

Last night at midnight, when the last "12,000 fierce tiger" fell to the ground on the chain, the Bitcoin market suddenly fell into a strange silence - the "tiger hunting operation" that had precisely targeted the four key levels of 115,700/118,000/119,000/120,000 for four consecutive days suddenly came to a halt amid shrinking trading volume.

Currently, BTC has entered a correction period, and it is expected that today the main trend will be to oscillate downward in search of support. If there is a sharp decline, the bulls will seize the opportunity for a quick counterattack.

Trading Strategy: Congratulations to the fans who followed the morning report strategy for high selling. There is currently a significant opportunity for re-entry at a lower price. We suggest that everyone can gradually buy on dips around 118300 and 117500, and look for short-term high selling in the range of 119500 to 120000.

Risk Warning: If the BTC market reverses and effectively breaks below 116300, bulls may temporarily take profits and stop losses to observe.