8.19 BTC, ETH Evening Analysis

Currently, Bitcoin is in a period of fluctuating adjustment after encountering resistance while rising. From the hourly chart, it can be seen that the overall trend presents a staircase-like upward structure. Although it has attempted to break through previous highs multiple times, it has been unable to overcome key resistance levels. However, during the pullback process, the support levels have been consistently rising, which indicates that the buying strength below is steadily increasing.

Tonight's market conveys a clearer signal: the price briefly dipped to the lower Bollinger Band before quickly stabilizing and rebounding. This performance not only confirms the effectiveness of the current support level but also indicates that the bullish forces in the market have not exhausted due to previous highs, and there is still hidden momentum for a push.

By combining candlestick patterns and trading volume analysis, the selling pressure characterized by short-term head formations has been largely released, and the exchange of chips has been sufficient. Next, the market is likely to enter an upward repair channel, and whether it can successfully break through previous high resistance levels will be a key focus for the future market direction.

Operational Suggestions:

BTC: Buy around 113800-113200, target 116800-118800

ETH: Buy around 4160-4200, target 4280-4355