Thoughts in the afternoon of August 29:

Bitcoin as a whole was fluctuating in a wide range of 2,000 points last night. After further testing the new low of 58,000, the market began to rebound. All major indicators are still bullish at present. Focus on the announcement of unemployment benefits tonight. If the data exceeds expectations, then the reason for the interest rate cut will be more sufficient. From the 4-hour and 6-hour charts of Bitcoin, KDJ is the same opening upward cross, MACD has just closed three empty columns upward, and the general direction is rising. The trend chart is still the same as yesterday. The two parallel lines are constantly moving upward. The current position is just close to the lower trend line, so it is more appropriate to go long near the lower trend line. Combined with Fibonacci, the rise is around the waistline 61551, which is also the target position. You can focus on this position when going long on dips.

Pie: 58800-59200 more, target around 61200!

Ether: 2510-2530 more, target around 2680!

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