8.21 Morning Analysis
Bitcoin can fluctuate around 113500-112800
↑ looking at 114600-115200
Ethereum can fluctuate around 4250-4200
↑ looking at 4380-4440
Reviewing the night, Bitcoin oscillated in the 113200-114600 range with both sides engaging in intense competition.
From the hourly Bollinger Bands perspective, it shows a regular upward tilt, with all three lines extending upward, indicating that the overall market is in a momentum release phase led by bulls in the short term.
Meanwhile, Ethereum has consistently operated in the range between the middle band and the upper band, without showing a valid breakdown signal below the middle band support, further confirming the relative strength of the current bullish momentum. The middle band position plays a strong supportive role for short-term corrections, allowing the oscillation to remain relatively strong.
