8.21 Morning BTC Outlook
On the 4-hour level, after bottom support, consecutive bullish rebounds have occurred, with the Bollinger Bands narrowing, temporarily easing short-term downward pressure. Indicators across all levels are turning upward, and there is still momentum for short-term continuation to the upside.
Technical Analysis
Overall, it is in a fluctuating upward rhythm, with short-term pullbacks being normal volatility, while long-term is a consolidation of the uptrend. The pullback seems more like a buildup of strength, and the potential for further gains remains. The trend remains healthy, and market confidence is gradually strengthening.
Trading Strategy
Enter long positions near 113800, 113500, with a target of 115000 - 116000.
