Bitcoin and Ethereum Market Analysis on August 25: What to Watch for BTC and ETH Today
Market Review
Yesterday, BTC adjusted and consolidated, with a large short-term drop. No negative news was seen. It is expected that the dog dealer will clean up and be happy. The 4-hour trend is recovering, and there is no big problem. The daily level trend remains healthy, and the downward momentum begins to weaken. The weekly trend remains healthy. Pay more attention to fundamental information and the Fed's interest rate cut process. It is expected to maintain consolidation during the day. In terms of the big cycle, a new round of weekly rising cycle has started.
The two cakes maintain independent market trends and break through the historical high again. The 4-hour trend is healthy, but a death cross signal has been seen, and it is necessary to adjust and accumulate strength. The daily level remains healthy, but the top divergence signal is obvious. It is expected to maintain consolidation during the day, and those who hold should reduce their holdings appropriately.
The altcoin market has followed the mainstream market in a synchronous pullback, with the altcoin index experiencing a slight pullback. Market sentiment remains low. Pay attention to BTC's market share, fiat currency buying signals, and identify altcoin launch signals. ETH-affiliated currencies are more affected by ETH, and PENDLE can be held. Recently, Binance has been active, with Alpha points constantly being active. You can brush up your points and get some bargains.
Today's highlights:
BTC 1-hour and 4-hour levels are below the healthy range, and the daily level has returned to the healthy range. It is expected to maintain consolidation during the day. The lower support is 112000-112500 and the upper resistance is 115000-116000.
ETH 1 hour, 4 hour level is above the healthy range, the daily level is above the healthy range, and it is expected to maintain consolidation during the day. The lower support is 4600-4700 and the upper resistance is 4900-5000.
