August 27 Market Analysis
Macroeconomic Environment
Overnight market turmoil continues.
Trump has repeatedly fired officials to push for interest rate cuts, with the focus again on regional Federal Reserve;
Underlying reason: Powell's 'inconsistent words and actions,' leading to increased market expectations for rate cuts;
Uncertainty is rising, causing unusual movements in financial markets:
Bitcoin: Weak rebound to 112300
Ethereum: Testing around 4650
Today's Key Data:
22:30 US Weekly EIA Crude Oil Inventory
22:30 US Weekly EIA Cushing Crude Oil Inventory
22:30 US Weekly EIA Strategic Petroleum Reserve
Next Day 00:45 Fed's Barkin Speech
Bitcoin (BTC)
Technical Analysis
Structural Resistance: Pressure at 124300 remains unbroken, still key;
Central Resistance: Range of 115770 - 119900;
Support Risk: If it breaks below 110000, there will still be demand for downward movement;
4-hour Chart: Spinning Top Candlestick + Platform Pattern → There is still room for upward correction;
MACD: Golden cross below the zero line, momentum bars expanding above the zero line → Short-term rebound signal.
Trading Strategy
Long Position Idea: Enter at 110400, stop loss at 110000, target 113000 - 113500
Short Position Idea: Enter at 112100, stop loss at 112400, target 110500
Ethereum (ETH)
Technical Analysis
Key Level: Testing position at 4650 is important, need to monitor its movement;
4-hour Chart: 4600 has been realized, pattern shows there is still upward demand;
MACD: Fast and slow lines trending towards a golden cross;
Momentum Bars: Contraction below the zero line → Upward momentum is limited.
Operational Thought:
Long Position Idea: Enter near 4550, stop loss at 4533, target 4645 - 4680
Short Position Idea: Enter at 4680, stop loss at 4697, target 4550 - 4600 - 4625
Summary:
BTC and ETH both have short-term 'upward correction' space, but the overall larger structure remains under pressure.
$BTC : Clear resistance near 112000, still mainly focusing on range oscillation before breaking;
$ETH : The area of 4650-4680 is the key level for bulls and bears.
