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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Market Analysis on the Evening of 8.12 (Tuesday)
Looking back at the midday market, the price has been fluctuating in the range of 118000-119200. From the hourly chart, both the upper and lower bands are trending downward, but the decline is not significant, and there may be slight decreases in the short term. It is important to pay close attention to the 118000 level, as there is a higher possibility of stabilizing in the short term. Currently, the price is repeatedly fluctuating between the mid and lower bands, and there is considerable difficulty in breaking through the mid-band upward; however, there has not been a significant decline relying on the lower band.
The CPI data tonight is crucial, and it is important to closely monitor market changes to adjust the layout in a timely manner.
Bitcoin: A pullback to around 117500-118000 is possible, targeting around 119000-119500.
Erlong: A pullback to around 4220-4180 can be bought, with a target toward 4320-4370.