Morning Market Analysis and Trading Ideas on August 21

1. Technical Analysis of the Market

From the 4-hour chart, the price has firmly stabilized above the middle band of the Bollinger Bands. The current upper band continues to diverge upwards, while the lower band remains steady, forming a clear expansion pattern. This signal indicates that bullish forces are gradually strengthening, and the short-term upward trend is clear.

From the candlestick pattern observation, in the last three 4-hour periods, there have been consecutive bullish candles with small shadows, and the bodies of these bullish candles are showing a gradually enlarging trend, forming a step-like upward structure. The retracement during this period is minimal, fully reflecting the strong buying support in the market, and the dominant bullish pattern is significant.

2. Specific Trading Ideas

- Bitcoin (BTC): It is recommended to place long positions when retracing to the 112850-113780 range, with a target around 115350.

- Ethereum (ETH): It is recommended to place long positions when retracing to the 4215-4260 range, with a target around 4435.