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Analysis and Trading Suggestions for Deer Star on the Morning of 8.12
From the current market analysis, the 4-hour candlestick chart has consecutively formed five bearish candles, creating a clear downtrend of five consecutive bearish candles. Each bearish candle has a relatively full body and is accompanied by a gradually increasing trading volume, indicating that the bearish forces are continuing to exert pressure.
Despite the bulls' repeated attempts to organize a rebound during this period, they have failed to form effective reversal signals, and the recent market trend shows signs of fatigue. The current price has dipped near the middle band of the Bollinger Bands, and this round of decline has been accompanied by a moderate increase in trading volume, indicating that the selling pressure in the market is gradually being released. However, there has not yet been a clear bottom divergence signal, suggesting that the market may need more time to complete its bottoming process.
Operation suggestions;
Short the Bitcoin around 119000-119500, targeting 117000.
The concubine is short in the range of 4230-4260, targeting 4150 #6 BTC全民空投限时派送中# .