Bitcoin and Ethereum Market Analysis on August 27: BTC and ETH Today's Highlights
Market Review
BTC rebounded slightly yesterday, and the 4-hour trend has increased its downward momentum, but 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, and more attention is paid to fundamental information and the progress of the Federal Reserve's interest rate cuts. A slight correction is expected during the day. In terms of the big cycle, a new round of weekly upward cycle has started.
The two cakes rebounded synchronously with the BTC, and the 4-hour downward potential increased. 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 rebounded synchronously with the mainstream, the altcoin index remained neutral, and market sentiment was 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 frequent activities recently, and Alpha points activities are continuous. You can brush up your points and get some free stuff.
Today's highlights:
BTC 1-hour and 4-hour levels are below the healthy range, and the daily level is below the healthy range. A slight correction is expected during the day. The lower support is 109000-110000, 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 4400-4450 and the upper resistance is 4600-4700.
