Technical Analysis of the Morning Market on 8.21!

On the hourly level, after testing the price up and down, it has consolidated with a narrowing range, operating within a contracted channel. After a phase of consolidation, a rebound has occurred, with bullish volume showing an increasing arrangement. The moving averages are consistently rising, and the small cycle has recovered to achieve substantial growth. The signs of warming up are becoming stronger, and our approach is primarily to go long at lower levels.

On the daily level, the operating channel is in a state of contraction, but the price pullback is weak and lacks strength. Bullish volume continues to be released, and although it is accompanied by a phase of actual volume consolidation, there are no signs of volume reduction. The moving averages are guiding the small cycle's oscillation, but there is no space provided for downward adjustments.

Personal operation suggestion for Bitcoin: Go long directly around 113700, with a target of 115000-115800. #杰克逊霍尔会议 #美联储7月会议纪要 #币安HODLer空投PLUME #加密市场回调 #俄乌冲突即将结束？ $BTC