BTC and ETH Silk Road Analysis for the Early Morning of August 14th

From the 1-hour chart, the market quickly retreated below the upper Bollinger Band after a strong rally, and the pullback was weaker than the rebound. Currently, the price is gradually rising, and the MACD lines have not changed their upward trend due to the pullback. Trading strategies should continue with the pullback and low-level trading strategy.

Trading Recommendations

BTC: Go long around 119,000-120,500, with targets between 122,600-123,500.

ETH: Go long around 4,660-4,630, with targets between 4,760-4,850. A break above this level could target 5,000.