BTC on the 4-hour level has broken below this ascending trendline that has lasted for more than four months. On the weekly chart, after BTC broke through 110k to reach a new high, it did not effectively sustain the gains, instead falling into a prolonged consolidation, which is undoubtedly very unfavorable for the bulls.

At the same time, ETH is also facing historical highs, and the pullback from late August to September is reasonable.

Defining it as a pullback rather than a market top, on the weekly chart it still belongs to a bullish trend's retracement, and it is highly likely that prices will rebound to the ascending trendline.

Within the day, a pullback to the 115k-114.3k range is a buying opportunity, with targets at 116.8k, 117.7k, and 119.1k.