📊 August 27 Market Briefing

BTC/ETH Yesterday's Review

BTC: Slight rebound yesterday, but the 4-hour downward momentum is still increasing. The daily line has broken below the consolidation range, and bearish pressure is increasing; it needs time to adjust. The weekly structure remains healthy, and a new round of upward cycle has been initiated. Short-term focus on the macro impact brought by the Federal Reserve's interest rate cuts. A slight correction is expected during the day.

ETH: The trend remains in sync with BTC, with a short-term rebound, but the 4-hour downward momentum is increasing and needs to build strength. The daily line structure is acceptable, but a top divergence signal has appeared, and it is more inclined to consolidate in the short term.

Altcoin Sector: Following the mainstream rebound, overall sentiment is cautious. Key focus on BTC market share and fiat entry signals, ETH ecosystem tokens like PENDLE still have holding value. Recent frequent activities on Binance allow for participation in Alpha points, which can be considered low-risk 'wool benefits'.

Intraday Market Outlook

BTC: Both 1-hour and 4-hour are below the healthy range, still leaning weak in the short term. The daily line is running at a low level, expecting a slight correction. Support level 109000-110000, resistance level 112000-113000.

ETH: Short cycle leaning weak, daily line back to a healthy range, expecting consolidation as the main trend. Support level 4400-4450, resistance level 4600-4700.

🎯 Summary: Be cautious in the short term, patiently wait for directional choice, and avoid chasing highs and selling lows.

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