August 29 BTC/ETH Market Analysis
Market Review and Analysis
BTC has lost all the gains of the past five days in three days. ETH even fell below the range of 2500 points at that time. A wave of pins directly fell to the line near 2400 points. Yesterday, the daily line closed in a semi-negative state. Today, it slightly repaired yesterday's decline. The two cakes fell more fiercely, so there was a rebound. This is within the normal range. At present, it has fallen below the previous range. The two cakes are not far from the beginning of 1. The current market of the big cake has not yet fallen sharply. This time it only fell back to the 58,000 line and returned to the previous shock range. However, this wave of pull-ups and falls, which proves that the current market trend has begun to move. There are still three days to close the monthly line. Basically, our goal next month can be achieved.
Today's highlights
BTC market is currently fluctuating at the four-hour level. The support below is still around 58,000 points, the same as the previous range fluctuation. The upper level is 60,000. The four-hour fluctuation is now in a middle position. On the intraday level, we first look at the support position of 58,000. If it falls below, we can directly focus on the 55,000-56,000 range. The upper resistance is around 60,000 in the intraday position
ETH has now directly fallen below 2,500 points. After breaking through, it is currently rebounding to this range resistance position, which is currently 2,500-2,560. 2,560 will still be today's resistance position, and the support position below The point presented on the four-hour level is at 2200 points, so if it hits the recent low again today or tomorrow and falls below 2400, it can directly see around 2200
There is no need to say more about the copycat. I have been reminding you not to chase the rise in the past few days. If you have short-term positions, you can get out. If you want to do short-term trading, you will have the opportunity to copy short-term trading at the end of this month and the beginning of next month. This is obviously an opportunity. My suggestion is to wait and see the bottom, so that you can make money no matter what you buy, and you don’t have to worry about the kind of bad wave band. If it falls, you will see the bears, and if it rises, you will see the bulls. It’s still not peaceful, etc.
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