$BTC $ETH

Evening of August 27

The support and resistance provided by Bitcoin in the afternoon remains effective. After dropping to 1102 in the afternoon, it rebounded straight up. The Fibonacci levels indicate that the resistance above is at 1120, 1140, and around 1156, while the support below is around 1107 and 1087. A one-hour MACD golden cross is about to form; looking at the closing situation, if it holds above 1110, it can move north. The four-hour golden cross continues, and after breaking 1116, the upward channel will open.

Ethereum remains strong; 4560 is still a resistance level. If it does not break this level in the evening, we can look for a rebound. The first target is 4710, and if broken, we can look at around 4818.

For Bitcoin, a light position can be taken for a northward move from the correction between 1103 and 1108, looking at around 1020 and 1036.

For Ethereum, consider entering a long position between 4560 and 4590, looking around 4710, but be cautious if the 4560 level is broken.