8.27 Midnight

Bitcoin encountered resistance and pulled back after climbing to the 110817 level, currently finding support around 109350. Ethereum also shows a narrow range fluctuation pattern, peaking at 4576 before being blocked and retreating. The overall market trend aligns closely with our expected analysis.

From the current Bitcoin market analysis, the market is undergoing a technical correction. On the 4-hour level, Bitcoin is also showing a weak downward trend. Until the short-term bulls provide any rebound strength, we maintain a bearish outlook.

Bitcoin can be traded around: 104000-111000, with a short-term target of 108300-107000.

Ethereum can be traded around: 4570-4620, with a short-term target of 4450-4370. #btc #ETH $BTC $ETH