Bitcoin stabilized and rebounded yesterday, with prices further recovering lost ground. Although there was a slight dip during the US trading session, the overall trend of oscillation and rebound remains unchanged. Currently, the price has reached 114,600, which is a key position for both bulls and bears.

The high point connection line on the hourly chart is also the area of previous top-bottom transformations during dips and rebounds, so it is important to pay attention to the gains and losses at this level today. As it stands, the rebound rhythm is still good; as long as the price closes and stabilizes, the rebound will continue. Conversely, if it fails to hold, it will face pressure and continue to decline!

8.21 Mainstream Coin Operation Suggestions:

For Bitcoin, short at 114,600/115,000 during the day, and if it drops to 113,600/113,000, then go long;

For Ethereum, short at 4,330/4,350, and if it drops to 4,260/4,250, then go long;

Written by Duan Chenbei [Public Account with the Same Name]

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