8.12 Morning Thoughts and Suggestions

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Although the flight trends in the early morning were mainly about retraction, which is different from the strategy, through solid analysis, I decisively told my friends to promptly cut off the positions on the opposite side of the market. Even if it was not much, just a few hundred points, at least it was a profitable state. Recently, many friends have come to seek advice, and Uncle Zhang believes that soon you will be the person who turns one or two thousand into tens of thousands or even higher. True stability is knowing that fluctuations are like the weather with sunshine and rain, and your mindset should be like an eaves, not proud in sunny days and not panicked in rainy days, allowing time to slowly filter out the value that should be retained.
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In the 1-hour chart of Bitcoin, the lower Bollinger Band has formed a strong support zone in the short term, and the current price is close to the lower band, indicating a technical demand for a rebound and correction. Although the middle band of the Bollinger Bands has turned slightly in the short term, the support inertia from the previous rising trend still exists, and the volume has significantly shrunk during the pullback, reflecting a gradual decrease in selling pressure. The low-level candlesticks are showing signs of stabilization. If the lower band support is effectively maintained, combined with the support from the previous middle band, a rebound relying on the lower band is expected to unfold, attempting to recover and challenge the middle band. Short-term traders can pay attention to buying opportunities near the lower band, and engage in speculative trading for recovery. Overall, we still choose to go long, don't be afraid, set a good stop loss, and follow Uncle Zhang into battle again.
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Suggestion:
The big pie is hovering around 118200, with the target looking at around 120000 first.
The concubine is around 4200, aiming to first look at around 4300.
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