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Market analysis on the morning of August 14 shows that BTC has slightly pulled back from the morning high of 123,100 USD and is currently fluctuating around 122,900 USD. From a technical perspective, the 1-hour Bollinger Bands continue to run upwards, the KDJ indicator is diverging upwards, and the MACD is also showing an increase in long positions, indicating that there is still upward momentum in the short term. It is recommended to follow two key ranges for BTC: watch for a rebound space at 123,600-124,200 USD above, and pay attention to the support area at 122,600-121,800 USD below; for ETH, it is suggested to layout shorts in the range of 4,770-4,820 USD, targeting the 4,720-4,680 USD range. The overall market currently maintains a slightly bullish pattern, but caution is advised against the risks of high-level fluctuations. Investors are advised to control their positions and set stop losses.