Today's Market Brief 8.22
$BTC Yesterday, Bitcoin consolidated primarily, with short-term (4H) momentum beginning to recover, and the bullish divergence pattern becoming gradually clearer, raising expectations for a rebound.
From the daily perspective, it remains healthy, with downward pressure easing, and the weekly structure continues to be good, signaling that a new round of upward momentum is building in the larger cycle.
$ETH The altcoin continues to follow the trend of Bitcoin, similarly showing a bullish divergence in the short term, and the consolidation is nearing its end, with a potential upward shift in the short term.
However, be cautious of Powell's speech tonight at 10 PM, which may bring about short-term volatility.
Altcoin Sector
Overall, the market is slightly oscillating, with a mild upward trend in the index, but market sentiment remains low.
In terms of capital flow, large funds are still observing, and retail investors show weak willingness to enter the market, with larger market cap altcoins having a greater advantage in following the trend.
If ETH ecological coins can see volume, there is hope to drive local market activity.
Key Levels
BTC: Support 112000–113000, Resistance 115000–116000
ETH: Support 4150–4250, Resistance 4400–4450
