In the early part of last week, Bitcoin continued its previous upward trend, with the price at one point breaking through 123,500, setting a historical high. On August 20, it temporarily fell below 113,000. Until August 23, it rebounded, with the price rising back to 117,000; Ethereum's market also experienced a rise followed by a dip and then another increase. Previously, the price surged, approaching 4,900, but this good situation did not last long, as on August 18, the price fell below 4,300. On August 20, Ethereum continued to decline, dropping below the critical support level of 4,200, reaching a low of 4,189. On August 23, Ethereum saw a strong rally, with the price breaking through 4,888, setting a historical high. Throughout the week, Old Tang’s strategic layout achieved great success, successfully leading everyone to profit from the market.

From a four-hour perspective on Bitcoin, the price is currently hovering near the middle band of the Bollinger Bands, with no significant changes in the opening state of the bands, but there has been considerable volatility previously. After a sharp decline from the high of 124,545, there has been some rebound, indicating fierce market battles between bulls and bears. Currently, the price is slightly declining, with bears having a slight advantage in the short term, but there is also some support at the lower band of the Bollinger Bands. From the one-hour candlestick chart, Ethereum's price is currently below the middle band of the Bollinger Bands, and the opening of the bands is in a contracting state, indicating that the market's short-term volatility is decreasing, and the price may be in a range-bound phase. Previously, the price surged to 4,888 before retreating, indicating some selling pressure above. For subsequent operations, rely on the support below to buy.

Evening Bitcoin: 114,500-114,000 can buy; target 116,000

Evening Ethereum: 4,730-4,700 can buy; target 4,800