August 26 Market Briefing
1. Review of Yesterday's Market
BTC:
Continued to adjust and consolidate yesterday, with a decline exceeding expectations.
There were no obvious negative factors in the market, speculated to be a washout behavior by the main players.
Technical Analysis: 4H downward momentum has strengthened, daily line has broken through the consolidation range, and short-term adjustment pressure has increased.
The weekly structure remains healthy. If considered alongside fundamentals (such as the Federal Reserve's interest rate cut process), the long-term upward trend has not changed.
ETH:
Adjusted in sync with BTC, with a decline exceeding expectations.
Technical Analysis: 4H downward momentum is evident, a death cross signal has appeared, and further accumulation is needed.
The daily line remains healthy, but there are clear signs of a top divergence, and short-term may primarily involve consolidation.
Altcoins:
Overall, they follow the mainstream for a synchronous adjustment, with a slight decline in the altcoin index.
Market sentiment remains cautious, and attention should be paid to changes in BTC's market share.
Projects within the ETH ecosystem are under pressure due to this, and in the short term, they face pressure; if PENDLE's fundamentals remain supportive, it can be held.
Recently, Binance platform activities have been frequent (Alpha points, welfare tasks), and investors can participate appropriately to gain additional income.
2. Intraday Market Outlook
BTC:
Both H and 4H are at low levels, with a short-term breach of the healthy range.
The daily line shows a demand for a rebound from oversold conditions.
Reference Range: Support level 108,000 – 109,000 USD; Resistance level 112,000 – 113,000 USD.
ETH:
1H and 4H are at low levels, and the daily line has returned to a healthy range.
It is expected to maintain a consolidation pattern in the short term.
Reference Range: Support level 4,300 – 4,350 USD; Resistance level 4,500 – 4,550 USD.
3. Conclusion
Overall, both BTC and ETH are in an adjustment phase in the short term, with a high probability of a rebound from oversold conditions, but it is still necessary to wait for the market to digest negative news and confirm technical signals. It is recommended that investors maintain a cautious position, gradually accumulate on dips, and strictly control risks.
