August 21st, Thursday's latest operational strategy for Bitcoin and Ethereum:
From the current market perspective, the four-hour chart shows a doji candlestick with a bearish close, indicating a lack of strong one-sided momentum and a clear wide-ranging fluctuation pattern.
It has been continuously operating along the lower Bollinger Band, with multiple dips to the support below, successfully forming a double-bottom pattern, and the strong support below has not been effectively broken, followed by a rebound.
In the short term, the competition between bulls and bears at the key position of 113,000 is crucial, as its outcome will directly affect the subsequent trend. Moving forward, we will continue to focus on buying low.
Bitcoin: 113,200 as a resistance level, with support at 112,500, targeting 116,000 to 118,000.
Ethereum: 4,270 as a resistance level, with support at 4,240, targeting 4,400 to 4,480.