8.11 Monday afternoon Bitcoin Ethereum market analysis and trading suggestions

Don’t always focus on the distant place you have yet to reach and feel anxious; instead, look more at the path you have already traveled. From the initial confusion to now handling things calmly, from once being timid and retreating to now persevering through gritted teeth, you have unconsciously become stronger. Every time you do not give up, it is the best fulfillment of yourself; every time you set out again, you are getting closer to a brighter future. Market review: Bitcoin encountered a technical correction after strongly breaking through the resistance level of 122311, and the current bearish market has released over a thousand points of profit space. Ethereum faced pressure after reaching a high of 4348 and has currently fallen into a downward channel. We accurately grasped the market rhythm, laid out a short position for Ether at 4313, and took profit at 4272, successfully capturing a space of 41 points.
From the current 4-hour chart analysis, the market shows a typical pattern of a surge followed by a pullback. After breaking through the previous resistance level, the price quickly surged, reaching a key resistance area, but then faced selling pressure from profit-taking, forming a notable upper shadow. This technical formation indicates that the bullish momentum has temporarily waned, and the market has entered a short-term adjustment phase. We will continue to watch for a retracement this afternoon.
Bitcoin: Short sell around 122000-122500, short-term target 120000

Ethereum: Short position can be taken around 4280-4300, with a short-term target of 4200.
#BTC重返12万# #预测 BTC 多空走势# #晒出我的Alpha积分#