8.20 Initial Thoughts Analysis
Bitcoin, from the current perspective, after dropping to the support level around 112500 in the early morning, showed a slow upward trend in today's early session, with limited strength, and the upward movement has temporarily paused in the 113600 area.
In the 1-hour K-line chart, there are positive signals emerging, and a bullish pattern is gradually appearing. In terms of K-line formation, bullish candles are starting to frequently emerge, so it is still recommended to focus on shorting high and going long low.
Operation Suggestions
Bitcoin: Short at 114000-114500, target 112000-113000
Ethereum: Short at 4200-4260, target 4000-4100
