Bitcoin and Ethereum Market Analysis on August 26: What to Watch for BTC and ETH Today
Market Review
Yesterday, BTC continued to adjust and consolidate, with a drop exceeding expectations. No negative news was seen. It is expected that the dog dealer will clean up and be happy. The 4-hour trend has increased downward momentum, and it still needs to be adjusted. The daily level fell below the oscillation range, and the downward momentum increased. Waiting for adjustment, the weekly trend remains healthy. Pay more attention to fundamental information and the Fed's interest rate cut process. An oversold rebound is expected within the day. In terms of the big cycle, a new round of weekly rising cycle has started.
The second cake followed the BTC cake to pull back synchronously, and the decline exceeded expectations. The 4-hour downward potential increased, and a death cross signal was seen. 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.
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 is below the healthy range. An oversold rebound is expected during the day. The lower support is 108000-109000 and the upper resistance is 112000-113000.
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 4300-4350 and the upper resistance is 4500-4550.
