Analysis of Bitcoin market on August 21st early morning.

Looking back at the evening, Bitcoin first surged to around 113900, then fell back to the support level of 112300, and quickly rebounded to enter a volatile range around 114200. From the current market situation, the four-hour level shows that the price is between the middle and lower bands. Although there is a slight rebound, it has not broken through the middle band, indicating limited bullish momentum in the short term, with noticeable pressure above. The DIF line is still below the DEA line, but the negative value of the histogram is shrinking, showing some signs of bullish counterattack. Technically, the Bitcoin four-hour level shows a contraction in bearish momentum, and the K-line presents a bullish candle with a lower shadow, indicating signs of stabilization in the short term. The upper pressure is focused around 115200, while the lower support is temporarily looked at around 113000. At the hourly level, bullish momentum is increasing with a two consecutive bullish candles, and the current short-term market is in a slight pullback adjustment phase, indicating a slight improvement in market sentiment as bulls begin to exert strength. In summary, the early morning strategy can focus on low buy setups, paying attention to proper defense!

Bitcoin; Buy around 113000-113500 Target at 115500

Ethereum; Buy around 4300-4330 Target at 4450#杰克逊霍尔会议