8.22 Market Analysis

The Bitcoin price dipped to around 111900 this morning before stabilizing and rebounding. The oscillating upward trend has temporarily lifted the short-term atmosphere from the shadow of 'Black Friday'. However, it is crucial to pay close attention to Powell's speech this evening—if he signals a delay in interest rate cuts next month, market sentiment may come under pressure again, and Bitcoin could face the risk of dropping by ten thousand points. Bulls need to be wary of the risk of a pullback.

In the afternoon, focus should be on the key support level of 112880. As long as the 1-2 hour candlestick does not effectively break below this level, the short-term rebound structure is likely to continue. It is recommended to place long positions based on this support during afternoon pullbacks.

Trading Suggestions

Bitcoin: Long near 112500, target 114000

Ether: Long near 4270, target 4370#美国初请失业金人数 #BTC走势分析 $BTC