In the cryptocurrency market early this morning, Bitcoin (BTC) showed strong upward momentum. From the 1-hour candlestick chart, it can be observed that the BTC price is steadily climbing along the short-term moving average, forming a typical bullish arrangement. The technical indicator MACD maintains a strong trend above the zero axis, with the red bars continuously increasing, while the Trading Volume has also significantly risen, indicating that buying pressure is actively entering.

In the current market situation, the upward trend of Bitcoin in the short term has become quite clear and is likely to continue to expand its upward space. According to market analysis, investors can pay attention to buying opportunities around $114,600, with an upward target price range between $115,200 and $115,800.

At the same time, Ethereum (ETH) is also showing a strong upward trend. Analysts suggest considering building positions around $4,730, with an upward target range of $4,770 to $4,810.

It is worth noting that the upcoming Jackson Hole Global Central Bank Annual Meeting may impact the cryptocurrency market. Investors should closely monitor the developments of the meeting and adjust their investment strategies accordingly. However, regardless of market fluctuations, it is important to remain rational and manage risks effectively.