Evening Strategy on August 28
The Bitcoin 4-hour candlestick chart has repeatedly tested the bottom and rebounded at the 112000 level, currently in a high-level consolidation pattern, facing certain pressure on the upside.
In terms of the MACD indicator, in the 4-hour cycle, both DIF and DEA are still in the negative zone, but the histogram has turned from green to red, indicating that bearish momentum is converging and bulls are starting to attempt a counterattack; however, the daily MACD performance remains weak, and a clear signal for trend reversal has not yet formed, overall still needing to maintain a wait-and-see approach.
Trading Suggestions:
Bitcoin 113500-113000 range,
Target 112000-111000,
Defense 113700
Ethereum: 4630-4600 range,
Target 4500-4400,
Defense 4650$BTC