BTC Old Yang's trading view on the evening of 8.24:

The weekend market continues its fluctuating pattern, with 'grinding' being the core characteristic. Both bulls and bears are temporarily in a state of balanced confrontation. In this phase, blindly chasing highs and cutting losses, as well as frequent position switching, can easily lead to trading losses due to increased market volatility. It is recommended to wait for a clear direction with a high-level oscillation mindset. The overall bullish perspective remains unchanged, and strict stop-loss measures should be implemented during trading to avoid holding onto losing positions.

For Bitcoin, it is advised to open long positions in the range of 113800-114200, with the initial target set near 115500; if this level is successfully broken, the next target can be further up to 118000.

For Ethereum, it is advised to open long positions in the range of 4680-4720, with the initial target set near 4850; if this level is successfully broken, the next target can be further up to 4930.