August 27 Bitcoin and Ethereum Outlook:

In the early morning, Bitcoin rebounded to around 112330, while Ethereum also saw a rebound reaching the 4632 line. Currently, although the price has temporarily stabilized, the 4-hour chart shows a weakening rebound momentum, failing to effectively break through the mid-band resistance. On the daily level, Bitcoin is still in a weak consolidation pattern. The overall market structure has not fundamentally reversed, and it currently leans more towards viewing it as a rebound correction during a downtrend.

Bitcoin can short around 112000, breaking down to look for 109000.

Ethereum can short around 4620-4630, breaking down to look for 4400, with a stop-loss at 4650.