Bitcoin and Ethereum Market Analysis on August 29: BTC and ETH Today's Highlights
Market Review
BTC maintained consolidation yesterday, with a slight correction in the 4-hour trend. It still needs to be adjusted. Pay attention to the support of 111000. The daily level fell below the oscillation range and wait for adjustment. 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 follow the BTC to consolidate synchronously. The 4-hour trend remains healthy and needs to be adjusted to accumulate strength. The daily level remains healthy and pays attention to the changes in downward potential. It is expected to maintain consolidation during the day.
The altcoins follow the mainstream and consolidate synchronously. The altcoin index remains neutral. Market sentiment is still not high. Some currencies have seen a slight increase. Pay attention to the BTC market share, the fiat currency buying signal, and the altcoin launch signal. ETH-related currencies are more affected by ETH. PENDLE can continue to be held. Binance has frequent activities recently, and Alpha points activities are continuous. 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 is below the healthy range. It is expected to maintain consolidation during the day. The lower support is 110000-111000, and the upper resistance is 113000-114000.
ETH 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 4350-4450 and the upper resistance is 4600-4700.
