8.21 Bitcoin Early Morning Silk Road

Yesterday, BTC/ETH surged to 114700 and then retreated. The US stock market rose to 113900 after hours and quickly pulled back, currently probing the 112000 level, which has strong support and signs of bottoming. If it does not break 111800 subsequently, there is hope for another upward test.

The four-hour chart shows that the middle band of the Bollinger Bands is suppressing the price decline, with signs of support at the lower band. The bears are reducing volume, the KDJ zero axis golden cross is about to form, and the MACD bullish momentum is about to expand. The market outlook is bullish, with operations focused on buying low.

Bitcoin: Buy in the 111000-111500 range, target 113000, if broken, look to 115000, and each should strictly maintain their defense. $BTC $ETH $XRP