2024.8.31 Today's market analysis: ##btc ##eth

Today is the last day of August, the day of closing the monthly line. Today is Saturday, and the market fluctuations will not be particularly large, which means that the monthly line has basically been finalized. From the current monthly line, it undoubtedly represents the strength of the bulls. Then at the beginning of September, there may be a slight decline, and then continue to release the bullish strength upward.

1 hour at 8:30 yesterday, a false breakthrough was made to recover, and it came to the previous low of 57820, and a false break was made to recover. It was a perfect two false break recovery actions. I don’t know if you have done it.

15 minutes, the big positive line gap below is 58160-58380. If it holds, you can consider long orders. If it is suppressed by 60150-60550 above, you can consider short orders.

ETH, yesterday's V-shaped reversal was more direct, leaving a resonance gap below. If the gap 2476-2490 is supported, you can consider long orders. If it is suppressed above 2563-2578, you can consider short orders.

The overall trend is currently less volatile and has become simpler. Be patient and wait for a break. After the monthly line closes, consider a correction first and then stabilize around long orders, which will be relatively much better.