August 22 Afternoon Bitcoin and Ethereum Market Analysis

From the current market perspective, Bitcoin is fluctuating above the 128,000 level, which is both near a small peak and the focal point of short-term bullish and bearish contention. The hourly MACD indicator maintains a golden cross state, and although the red bar momentum has not significantly amplified, the bullish momentum is still present. The morning market tends to fluctuate at a high level; Bitcoin's breakthrough at 113,485 confirms its strength, while Ethereum needs to stabilize above 4,300.

Bitcoin can be traded around: 112,500-111,500, with a target of around 113,600-114,800.

Ethereum can be traded around: 4,200-4,160, with a target of around 4,340-4,400.