$BTC 8.19 Morning Analysis and Trading Suggestions for Bitcoin and Ethereum

This is not the end, but rather an echo of the previous cycle; the true climax is still on the way. Looking back at the overnight market, yesterday's price also fell throughout the day. After dropping to a low of 114825, a rebound began, gradually showing signs of warming, reaching 116980. Currently, there is a tug-of-war between bulls and bears, with bulls occupying the dominant position, while bears are still fighting back.

From the current market perspective, the four-hour price has rebounded from the lower track near the middle track, and the middle track of the Bollinger Bands has begun to flatten, with the lower track showing an upward turning trend. The K-line presents multiple consecutive bullish candles, indicating that bulls are gradually recovering lost ground. The RSI indicator is in the strong range of 50 - 70, indicating a strong bullish atmosphere in the market, but nearing the value of 70, suggesting a short-term need for correction. The hourly MACD indicator, after forming a golden cross above the zero axis, has seen a reduction in the red energy bars. The 5-day moving average provides strong support for the price; as long as the price does not break the 5-day moving average, the short-term bullish trend is still expected to continue. In terms of trading strategy, it is recommended to use a range approach to avoid chasing highs and cutting lows, and to pay attention to the directional guidance after breaking key levels.

In the morning, Bitcoin can be bought at 116300, targeting around 117600.

In the morning, Ethereum can be bought at 4330, targeting around 4400. #比特币