Analyst Liang Qiu: On August 12, Ethereum experienced wide fluctuations, while Bitcoin weakened first. Subsequently, pay attention to the upper resistance level.

Since Bitcoin surged to the 122500 level yesterday and then fell back, the overall rise has not been significant, with continuous pressure above 120000. Ether, on the other hand, is showing wide fluctuations, consistently pushing higher. The main focus today is whether the high point of 4370 from yesterday can continue to break through. Last night, we repeatedly reminded in our article strategies and videos to enter the market above 4320 and 120000. The market also fell to 4188 and the 118000 level in the early morning, with overall space still looking quite good. Currently, after the decline, the market is starting to rebound, especially as Ether has risen above 4300 again, but the rise also presents an opportunity.

In fact, the rebound and rise yesterday and today, apart from Ethereum, did not see significant increases in other altcoins, especially with Bitcoin continuing to face pressure around the 120,000 level. This will also lead to a decline in Ether, so there's no need to chase long positions at this point. Bitcoin's market remains in a range-bound structure, with a short-term focus on the 116,000 level. Although Ether has larger fluctuations, pay attention to opportunities in the context of wide-ranging market volatility.

Trading suggestion: Buy Bitcoin around the current price of 118900 to 119500, target around 117300; Buy Ethereum around 4310 to 4340, target around 4220.

[The above analysis and strategy are for reference only. Please bear the risks yourself. The article review and publication may not be timely, and specifics are subject to real-time conditions.] #TOKEN OF LOVE 重磅回归# #比特币市值超越亚马逊# #晒出我的Alpha积分#