August 22 Bitcoin Ethereum Market Analysis Summary

Looking back at yesterday's market, Black Friday is no longer black. Finally, after the news release at 10 PM, we welcomed a surge. The bullish outlook provided earlier has been validated. Old Tang followed the trend and successfully captured a 2000-point gain with short-term long positions arranged in the evening. The market is easy to grasp; those who are not yet on board should seize the opportunity.

From the current market perspective, Ethereum has experienced a significant surge in the short term, with consecutive bullish candlesticks showing strong bullish momentum. The current price is between the upper and middle bands of the Bollinger Bands, indicating that the market is in a strong zone. Bitcoin has also experienced a rapid upward trend, with candlesticks displaying a bullish arrangement, indicating that the bulls are in control. Overall, both prices are close to the upper band of the Bollinger Bands and may face some resistance in the short term. Subsequent operations will focus on buying after a pullback.

Bitcoin can be bought at 116500-116300; target 118000

Ethereum can be bought at 4760-4730; target 4850