8.12 Thought Analysis

From the four-hour chart, the market shows increasingly clear signs of a bottom after three consecutive bearish candles. As the price stabilizes and rebounds, the bearish pressure is noticeably waning, and multiple indicators are simultaneously releasing positive signals. This indicates that the pullback after the short-term surge has been significantly constrained, and the overall bullish structure remains intact. The current pullback is merely a normal adjustment in the upward process, representing a healthy accumulation phase.

Looking again from the one-hour level, the market has begun to recover its trend with three consecutive bullish candles. Although there is some selling pressure at the middle band position of the Bollinger Bands, which briefly constrained the upward momentum, it has not reversed the overall trend. The price continues to maintain a slow and gradual upward pattern, although the pace of ascent appears slightly subdued.

Overall, the midnight trading strategy focuses on low volatility, utilizing pullback support levels to set up long positions, which is more prudent in line with the current bullish main trend.
The pancake is around 117900-118500, with a target looking up to 19500, around 120600, and 121100. If it breaks, we can look for a sustainable rise; if it doesn't break, we can try to reverse.
Ethereum trading advice: place a buy order around 4230-4270, with a target looking at the 4300-4350 range.
(Market conditions are constantly changing, and strategies are for reference only)