8/28 Comprehensive Heatmap Analysis:
Good afternoon, brothers. After reaching the level of 4465, the market has gradually shown an upward trend, currently rising to around 4575, which fully aligns with the expectations given in the morning.
From the on-chain data, a technical correction may occur in the short term, but the continued increase in holding quantity provides strong support. From a medium to long-term perspective, Fed Chairman Powell has hinted at a rate cut signal, and the upcoming PCE, non-farm employment, and CPI data will be particularly critical, and expectations for this remain.
BTC:
Downward support to watch: Primary support is around 112300, secondary support is around 110800. If the downward pressure is strong, the key support area is below 110000.
Upward resistance to watch: Initial resistance is around 113600, secondary resistance is around 114800. A strong breakthrough would focus on resistance around 116000.
ETH:
Downward support to watch: Primary support is around 4550, secondary support is around 4500. If the downward pressure is strong, the key support area is below 4455.
Upward resistance to watch: Initial resistance is around 4610, secondary resistance is around 4655. A strong breakthrough would focus on resistance around 4700.
In the era of combat, facing the turbulent waves, the long night breaks at dawn, every advance and retreat is a prologue.
If the heart is as solid as a rock, it will shine on its own. 🚀
