In the early morning of August 14th, the price of Bitcoin surged strongly, once again reaching a new historical high, peaking at 124545 before facing resistance. After reaching a high of 122218 last night, the market experienced a pullback to find a bottom, followed by another surge. This round of increases did not show much continuation, as Lao Chen mentioned earlier, prolonged sideways movement must build up energy for a big move. Although we regrettably missed the rise in the early morning, we accurately seized the surge in the morning! Ether is showing a staircase-like upward trend. Currently, it is hovering at a high position, with the coin price peaking at 4783.

The current four-hour chart shows that the market has established a clear strong upward pattern. If the price can successfully recover and stabilize above the middle and upper bands in the short term, this will be a strong signal of an impending market reversal. Today's intraday K-line, accompanied by a strong bullish candlestick, has returned to the trajectory between the middle and upper bands, revealing a strong willingness to challenge and test the upper boundary. Therefore, Old Chen recommends that the intraday strategy should be to follow the trend and take a bullish stance actively.
Operation Suggestions
Long Bitcoin at 122800-123000 Target 124500
Long at around Ether 4700 Target 4800#BTC #ETH #ETH突破$4700 #CPI数据来袭