August 28th BTC/SOL/ETH Contract Long/Short Analysis: Waiting for September's Major Trend Selection
There was another rebound during the day, as expected: the convergence between the 120 and 15 EMAs on the daily chart will continue until the early September peak is reached, which will provide a major direction.
$BTC Today's short-term resistance is at 113450, with 114000 as the next level. If the short-term support at 111500 is not broken, a rebound will continue, with further support at 110500.
$SOL Today's short-term resistance is 213. If it holds above this level, it will likely head straight for the 217 resistance level. 217-219 is a major resistance level on the daily chart. 206 and 203 below are both support levels.
$ETH Ethereum is still relatively weak today. If the 4585 resistance level holds, consider a support-resistance swap, targeting the 4640 and 4688 resistance levels. If the 4510 support level remains intact, a rebound is possible, with further support at 4440.
In summary, the current market is consistent with our previous prediction of a period of volatile convergence, which we estimate will be complete by early September. We can only wait for the direction provided by the market makers, as we estimate the amplitude of this direction will be no less than 10%. (We provide you with the latest market analysis and precise pinpoint trading daily. Long and short positions are for reference only. Strict stop-loss and take-profit strategies are recommended. Section Chief's exclusive invitation code for a 20% discount on handling fees is KEZHANG888.) #ETH走势分析