8.21 Morning Analysis of Bitcoin:

On the daily chart, bulls continue to increase volume, and the upper band of the Bollinger Bands is upward sloping, indicating that the price is in a strong upward range.

On the four-hour chart, the channel is opening upwards, and the price is running above the upper band of the Bollinger Bands. The consistency of the moving averages continues to trend upwards, providing support for price increases, with a focus on re-entering long positions on pullbacks.

On pullbacks to around 113900 and 113200, target 116500 for a breakthrough at the 120000 level.