8.28 Afternoon

Large Pancake: Around 112200-111300, target 113800-114500

Secondary Pancake: Around 4540-4480, target around 4640-4720

From the market performance perspective, intraday buying power dominates the market, continuously pushing up to the recent high level near 113100, after which it entered a consolidation phase in that area.

From the 1-hour and 4-hour cycles: Currently, both are constrained by the upper Bollinger band, facing short-term technical resistance, and the upward momentum has slowed down somewhat.

From the MACD perspective: The MACD histogram remains in a state of continuous expansion, indicating that the buying momentum has not significantly decreased, still possessing the potential to break through the current resistance, further push up, and refresh the recent high level. #ETH走势分析 #BTC走势分析