2024.8.29 Today's market analysis: ##btc ##eth

Yesterday's market remained volatile, which is a very normal trend. After a big market, the market usually needs to rest, repair indicators, rest emotions, etc., and then choose a direction to fluctuate again after the shock. This is the law of market operation.

Treat it as a range, sell high and buy low, and follow the trend on the side that breaks. If it breaks upward, look at the upper oscillation range of 61500-62200, and if it breaks downward, it is around 56000.

ETH's trend yesterday was stronger than Bitcoin. Now we need to pay attention to this. If it stabilizes here, the market may continue to move upward. After all, it has fallen below the previous low and recovered, and the gap below has been filled. However, the market needs to rest now. There may not be particularly large fluctuations in the short term. It is still treated as a shock. The upper pressure is 2560-2580 and 2670-2700, two intervals of pressure, and the lower support is 2340-2400.

The overall market has entered a resting stage, and the fluctuation will not be large for the time being. It can be treated as a shock, selling high and buying low.