Market Analysis of Bit and Ether on the Morning of August 22

Looking back at the market in the early morning, Bit stopped its decline after pulling back to around the 112000 level, without showing any continued downturn, and then rebounded slightly by a few hundred points. Ether mainly fluctuated, reaching a high of around 4273.

From the four-hour level, after a series of continuous bearish candles slowly descending, the K-line has turned from bearish to bullish. Although the current rebound strength is relatively slow, this is already a positive signal, and the K-line shows signs of turning around, with prospects for an upward movement. After experiencing a V-shaped trend, the K-line remains at a high level, and the pullback is merely a normal trend correction. In terms of the current structure, the four-hour level has the momentum to surge again. After a series of winding consolidations to build strength, with the lows gradually rising, it is currently waiting for a breakthrough in space. The current K-line has entered a state of fluctuation again, and in the future, we just need to wait for the market trend to clarify, still focusing on a low-long strategy.

Bit can go long around 112000-111300, with a target of 113700-115800;

Ether can be bought around 4200-4170, with a target of 4280-4380.