8.21 Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

If a big market comes as expected, precise grasping is essential to get a share; avoid hastily entering the market at the tail end of the trend, and don't let the scenario of 'others eating meat while you become chives' play out. Reviewing the current market, in the one-hour level chart, the price has tested up and down and then consolidated with a narrowing range; the running channel is tightening, after a phase of consolidation, a rebound has been achieved, with bullish volume showing an increasing arrangement, and the moving averages are consistently rising. The small cycle has recovered with substantial increases, and the signs of warming are stronger. Our strategy is mainly to go long at low levels. The reason for such corrections is primarily due to the recent rapid pace of unilateral market trends, leading to a significant deviation between indicators and moving averages. Therefore, appropriate corrections and filling reasonable gaps are normal phenomena and have little impact on the overall trend. Currently, whether the market stabilizes and rebounds or faces resistance and falls back, both bulls and bears are still in a tug-of-war. On the daily level, the running channel is in a tightening state, but the price's pullback strength is weak and lacking. The bullish volume continues to release, although accompanied by some phase-specific volume consolidation, there are no signs of reduced volume. The moving averages are undergoing a winding consolidation, driving the small cycle's oscillation and tug-of-war, but there is no room for downward adjustment.

In the morning, Bitcoin can be bought at 114300, with a target around 115800.

In the morning, Ethereum can be bought at 4340, with a target around 4420. #比特币 $BTC