Bitcoin Outlook for Thursday Morning, August 21:

The 4-hour chart shows consecutive bullish movements after bottom support, with the Bollinger Bands narrowing, indicating that the short-term downtrend has halted. Indicators across all levels are turning upward, suggesting short-term continuation momentum, with a focus on rebounds during the day.

The technical aspect presents a fluctuating upward trend, with short-term pullbacks causing volatility, while the long-term trend is a correction in an uptrend. The pullbacks may be a way to build strength, showing significant potential for upward movement. Overall, the bullish trend is maintained, technicals are solid, upward momentum is strong, and confidence in the market is enhanced.

Trading Suggestion: Go long on Bitcoin around 113800, targeting 115000-116000.