Analyst Chen Shu: On 8.13, Ether does not indicate a peak in the new high market; midday Bitcoin and Ethereum market analysis strategy.

Bitcoin, from the daily chart, showed a rebound to the high point of 120,000 yesterday before starting a slight pullback. In the short term, attention is on whether it can hold above the 120,000 USD mark, with the support level at 117,300. A pullback still requires bullish sentiment. On the 4-hour chart, there is clearly resistance at 120,000 USD, and the support below is initially at the MA30 daily moving average of 118,500. If it breaks below, the next support levels to watch are 116,800/115,500.

Ethereum, from the daily chart perspective, saw another strong bullish candle yesterday with prices approaching the 4700 high, just a step away from the historical high of 4800. The probability of breaking above 4800 is considerable, and for short-term support, we should first focus on the 4380/4260 level. Currently, no one can predict where the next high will be, so do not easily attempt to guess the top. In terms of operations, it is advised not to chase high prices but to wait for a pullback before entering long positions.

Midday trading strategy (written at: 15:00):

BTC: 11.83 long, pullback to 11.73 to add long position, target 11.9/11.95

ETH: over 4430, buy more on pullback at 4260, target 4500/4550

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