August 28 Daily Market Analysis
Yesterday, BTC maintained consolidation with a slight pullback on the 4-hour chart. The daily line broke below the oscillation zone, but the low divergence signal remains. The weekly structure is healthy, and a new round of upward cycle may have started. ETH's trend is in sync with BTC, and the short-term period needs to consolidate and build strength, while the daily and weekly trends still lean towards strength.
Altcoins are oscillating along with the mainstream, with a slight pullback in the index and neutral market sentiment. The AI sector is partially active, but low-market-cap coins have not seen a widespread increase. In the short term, attention should be paid to the volume situation in the ETH ecosystem, such as UNI, ENS, ETHFI, and patiently wait during the adjustment of PENDLE. BSC activities are frequent, and Alpha points can be actively participated in.
On the macro level, interest rate cut expectations are clear, and funds may gradually flow back.
BTC: 111,000 long, target 113,000
ETH: around 4,510 long, target 4,650
Intra-day focus: RLC LPT CATI NMR NTRN
