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On August 12th, early morning, BTC and Ether ideas
Last night, BTC retraced to the 11.93 line, and the coin price once again moved in a fluctuating trend. The current coin price is at the 11.97 line, once again returning to the 120,000 demarcation point between long and short.
From the short-term hourly perspective, the coin price has broken below the middle line of the Bollinger Bands and the upward channel is contracting. After the price retraced to the 33MA, it rebounded but was suppressed downward by the 13MA. The MACD fast and slow lines have formed a death cross and are moving downward, with the green energy bars gradually increasing in volume. The KDJ three lines are all declining. Therefore, there is a further downward trend in the coin price in the evening. Overall, the evening operation should focus on short positions, as advised by the old customer.
Operational suggestion: Short BTC near the 120K line, looking down to 11.9—11.82 #BTC重返12万#