8.21 Early Morning Bitcoin and Ethereum Market Analysis:
Yesterday's market was like a roller coaster, with back-and-forth fluctuations but a clear range—the upper limit was capped, and the lower limit was supported, resulting in relatively minor overall volatility. Ethereum has recently started to "catch up," bouncing back nearly 300 points after dropping near the lower boundary, indicating strong bullish momentum, with quick recoveries following each dip. Therefore, it is advisable to look for buying opportunities at lower levels.
Looking at the four-hour trend, the Bollinger Bands are opening downwards, and the price has attempted to break through the middle line several times without success. The pressure from above is increasing, and the strength of the rebounds is gradually weakening, so there may be further downward exploration in the short term. However, there are signs of "bottoming out" below, so it is still possible to wait for a buying opportunity when the price drops.
Summary: There may still be slight declines in the short term, but there is support near the lower boundary, so it is advisable to buy at lower levels and avoid chasing highs.
