Market Analysis for the Period of August 25:
Yesterday, BTC briefly pulled back to $111,000, but no significant bearish signals were observed. The 4-hour chart quickly recovered from the drop, and daily momentum has weakened, showing low divergence. The weekly chart remains healthy, and short-term consolidation is expected, with an overall bullish trend continuing.
ETH continues to show strong performance, breaking historical highs, and altcoins are rising in sync with Ethereum. Strong coins under the Ethereum ecosystem to watch include UNI, ENA, ETHFI, AAVE, etc.
BTC: Support at $112,000-$112,500, Resistance at $115,000-$116,000.
ETH: Support at $4,600-$4,700, Resistance at $4,900-$5,000.
Morning entrants into Ethereum long positions, please hold patiently and wait for star signal to take profits.
