BTC and ETH Insights on 8.22:

BTC

After a slight drop to the lower support at 112100, it rebounded, with key pressure at the mid-line of 113500 on the 4-hour chart.

If it can break through this rebound, it could look toward the upper area around 116000;

ETH

The short-term trend has reversed, and a small ascending flag pattern has already broken upward. As long as it does not fall below 4060, it is expected to rebound upward.

The short-term support is around 4162 below, and the pressure above is at 4480;

News

It is worth noting the speech by Old Powell at 10 PM tonight. We still need to pay attention to the support at 4162 for ETH, and the overall short-term outlook remains upward.

BTC: Up from 112500, target around 115000;

ETH: Up from 4210 and 4170, target around 4450.