8.19 Early Morning Analysis
Looking back at the evening, Bitcoin started its rebound from 114600 and has returned to the 116300 area.
From the hourly Bollinger Bands perspective, the upper band and middle band still maintain a downward trajectory, indicating that the overall medium-term adjustment trend has not yet fully reversed; however, the lower band has stabilized and is turning upward, with short-term support gradually strengthening.
Bitcoin is gradually breaking free from the weak zone of the lower band support, currently successfully breaking through the middle band resistance and continuing to move upward, with short-term momentum showing signs of recovery.
Therefore
Bitcoin can oscillate around the 115400-114800 range
Target can be around the 117200-118200 range
Ethereum can oscillate around the 4260-4200 range
Target can be around the 4420-4480 range
