Analysis of Bitcoin (BTC) Trading Strategy on the Evening of August 21
From the hourly trend perspective, if a pattern of 'continuous bullish candles + brief bearish candle releasing short pressure' can form, it indicates that the bullish momentum is steadily being released. The upward rhythm will be more stable, and the probability of continuing the rebound in the evening is relatively high, which supports a bullish outlook.
Trading Reference
If Bitcoin retraces below 113000, it is advisable to set up long positions.
-Target Level: The first target is above 115000; if this level is broken, further upward movement towards the round number of 120000 can be anticipated.
