8.28 Today's Market Quick Review
$BTC Yesterday's trend was still mainly fluctuating, with a slight correction on the 4-hour chart, overall still in range consolidation. The daily line has broken below the previous fluctuation area, but the bottom divergence pattern is still intact, awaiting the end of the short-term adjustment. The weekly level remains healthy, and a new round of major cycle upward movement is brewing.
$ETH Closely following Bitcoin's synchronous fluctuations, the 4-hour structure is stable, and downward momentum continues to weaken. The daily line also remains healthy, the key is to wait for volume release, after consolidation there is an opportunity for another rise.
Altcoin Sector
Overall following the mainstream consolidation, the index has slightly corrected, with neutral sentiment. The AI sector has some localized highlights, but overall liquidity has not completely shifted. Strategy:
Medium-term can continue to lay low, short-term high chasing needs to be cautious.
Focus on relatively large-cap quality altcoins, low-cap has not yet seen a signal for a broad rise.
The ETH ecosystem is worth continuous attention, UNI, ENS, and ETHFI can be deployed in batches.
Key Support and Resistance
BTC: Support 109000-110000, Resistance 112000-113000
ETH: Support 4400-4450, Resistance 4600-4700
