Evening Operation View on August 23

Daily Level: A large bullish candlestick was recorded last night, successfully breaking through the previous consolidation range, establishing a short-term upward trend; however, today's market shows a pullback with a bearish candlestick, indicating that the upward momentum is weakening, and we need to be cautious of volatility caused by short-term profit-taking.

Hourly Level: Recently in a high-level consolidation pattern, both bulls and bears are temporarily in a stalemate, with prices oscillating within the range, showing no clear directional guidance.

Bitcoin: You can arrange long positions in the range of 114500 - 115000, targeting around 116000 and 117000; if it breaks below the support level of 114000, timely stop-loss is required to exit.

Ethereum: You can arrange long positions in the range of 4640 - 4680, targeting around 4760 and 4840; if it falls below 4600, it is recommended to stop-loss to avoid risks. $BTC $ETH