🔥 August 28 Daily Market Overview
🚀 BTC
Last night continued to consolidate; although there was some recovery in the 4-hour chart, overall it remains in an adjustment range. The daily chart has broken below the consolidation zone and needs time to gather strength. But don't panic, the weekly trend remains strong, and a new cycle of significant upward movement is brewing. Short-term focus: support at 109,000-110,000, resistance at 112,000-113,000.
ETH
The rhythm follows BTC's consolidation, and it needs to accumulate momentum in the short term. The good news is that the daily chart has returned to a healthy range, with considerable potential. Daily support is at 4,400-4,450, resistance at 4,600-4,700.
Altcoin Direction
Overall following the mainstream fluctuations, market sentiment is relatively cautious. The AI sector has strengthened slightly; watch for any decline in BTC's market share, as any capital outflow could present opportunities for altcoins.
📌 Operational Strategy
Short-term fluctuations, primarily high sell and low buy; the major trend remains upward, with a focus on the counterattack after mainstream corrections.
