Market Analysis for 8.21☕
Yesterday, Bitcoin and ETH maintained intraday consolidation. From the 4-hour chart, the possibility of another significant pullback has decreased, and the weekly trend remains strong. Pay attention to the Federal Reserve's interest rate cut process.
The altcoin sector is following the mainstream in a synchronized consolidation, and the altcoin index has slightly increased. Strong coins in the ETH ecosystem to watch: AAVE, ENA, LINK, UNI.
Intraday support and resistance for mainstream coins:
BTC support below 112500-113500, resistance above 115000-116000,
ETH support below 4150-4280, resistance above 4400-4450.
Intraday focus: MEME, BAND, SCR, OGN, API3
