Quick Report on the Domestic Market on August 21
Yesterday's trend was basically in line with expectations, maintaining consolidation.
The 4-hour downward momentum is weakening, with a preliminary bottom divergence forming.
The daily trend remains healthy, and a new round of upward cycle in the weekly long-term has been initiated.
Attention: Federal Reserve interest rate cut process.
Today's range: Support 112500–113500, Resistance 115000–116000.
$ETH is consolidating in sync with BTC, with a slight rebound.
4-hour momentum is recovering, with a preliminary bottom divergence appearing.
The daily trend is healthy, waiting for the consolidation to end.
Today's range: Support 4150–4250, Resistance 4400–4450.
ETH ecosystem expansion can be a key focus.
👉 Summary:
Mainstream remains in a range-bound fluctuation, with a healthy trend; altcoin funds are still waiting for liquidity switching. Don't rush, the market is still brewing.
