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Morning Thoughts for Wednesday, August 13
The overnight market fluctuated upwards and once again stood above 120,000. The short-term pullback seems a bit difficult, and although the current price is high, there is not much continuation.
From the 4-hour chart, overall bullish pattern shows that the short-term market has surged and then retreated. After finding support on consecutive bearish candles, it has again risen three consecutive bullish candles. The smaller time frame still leans towards strength, but with many upper shadows left above, the short-term upward momentum lacks breakthrough. For the day, it is advisable to treat it with a high short position.
Refer to the area from 120500 to 121000, and look at the area from 119000 to 118000. #PI# #BTC# #ETH#