August 14th Bitcoin Market: Bulls Dominate, Upward Trend Clear

Technical Analysis

The 4-hour candlestick chart shows a clear upward trend:

• Candlesticks are densely arranged, quickly stabilizing after a pullback, with strong buying support;

• Price center of gravity is rising, with higher lows and refreshed highs, showing a stair-step increase;

• Bullish momentum is active, with moderate volume expansion, and the upward trend remains intact.

Overall bullish logic remains unchanged, with bulls in control and no short-term reversal signals.

Trading Suggestions

• Bitcoin Long Position: Layout in the range of 121,000-121,500, with a target of 123,800-124,400.

The bullish structure is solid, pullbacks can be positioned for, and operations should follow the trend.