Yueying: Bitcoin and Ethereum Market Analysis for August 12th - Will CPI Help the Bears Break the Range? (Short-Term Strategy Included)

Bitcoin's daily chart shows a bearish candlestick pattern, indicating upward resistance and a pullback. Intraday opening saw narrow-range consolidation above the 60-day moving average. Bollinger Bands are narrowing, with short-term moving averages slightly downward. The MACD fast and slow lines are trending downward with increasing green histogram bars. The KDJ is extending downwards; watch for support near the 0 level. The VR indicator is consolidating around 110. On the 4-hour chart, the price is slowly rising and currently trading around the 7-period moving average. Bollinger Bands are widening downwards, with short-term moving averages trending downwards. The MACD fast and slow lines are extending downwards with decreasing volume. The KDJ is crossing upwards; watch for resistance near the 50 level. The VR indicator is consolidating around 50. Overall, the price continues to trade within a narrow range, with resistance remaining unbroken. Short-term resistance is around 64800; a rebound failing to break this level suggests a potential shorting opportunity. Key short-term support remains around 62000; a break below this level could accelerate a retest of the bottom. The CPI data will be released tonight. In this bear market consolidation phase, there are unlikely to be any major positive news; just be wary of volatile price action. Short-term trading suggestions: Bitcoin short-term suggestion: Short at 64400. (Take profits as needed after strategy activation) The short position at 1900 given above on Ethereum was slightly off. The market is slowly rising but still under pressure, and will continue to fluctuate narrowly within a small range in the short term. The overall technical trend of the daily and four-hour charts can be referenced in conjunction with Bitcoin's. The short-term resistance level to watch is around the previous high, and the support level is above 1800. The strategy can be used again for short-term trading suggestions. Ethereum short-term suggestion: Short at 1900. (For more cryptocurrency analysis, click the image to see the homepage introduction and find Yueying) — I am Zhou Yueying, a teacher specializing in technical analysis. Friends with any questions about trading or trends are welcome to communicate and learn with me! Let's exchange ideas and profit together!