Bitcoin and Ethereum Market Analysis on August 30: What to Watch for BTC and ETH Today
Market Review
BTC continued to pull back yesterday, falling below the 110,000 integer mark. There was no rebound signal in the 4-hour trend, and it still needs to be adjusted. The low divergence at the daily level is not obvious yet, and it still needs to be adjusted. 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 altcoin market is consolidating synchronously with the mainstream market. The altcoin index remains neutral and market sentiment is still not high. Pay attention to the BTC market share, the fiat currency buying signal, and the altcoin launch signal. ETH-affiliated currencies are more affected by ETH. PENDLE can continue to be held. Binance has been active 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 106000-107000 and the upper resistance is 110000-111000.
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 4250-4300 and the upper resistance is 4500-4600.
