8.28 Early Morning Market Update
Overall, the market is leaning towards a rebound, with a high probability of subsequent consolidation. The 4-hour chart has rebounded from the lower boundary to the middle boundary, with moving averages intertwining but showing signs of upward divergence, indicating short-term potential for a rebound to the upper boundary. If it continues to rise and breaks through key resistance, confirming bullish signals, there is a chance to open up new upward space.
Suggestions:
Bitcoin retracement to 111500-111100, targeting 112700-113500;
Ethereum in the range of 4610-4570, targeting 4670-4760
