BTC and ETH absorb potential energy during loss consolidation - Market data update on August 30
According to on-chain data, the selling pressure on BTC and ETH has eased, and pallet strength has increased significantly.
The current market continues to absorb potential energy during loss consolidation. Although the ETF breakthrough has been slightly helpful, the short power of BTC and ETH has not yet been fully released. It is unlikely that the market will continue to rise in the short term, showing obvious uncertainty.
Contract positions remained stable at low levels, and funding rates turned negative. The specific support and pressure levels are as follows:
BTC: The short-term support level is $58,674, and the short-term pressure level is $60,170; the mid-term support level is $57,423, and the mid-term pressure level is $61,286.
ETH: The short-term support level is $2,438, and the short-term pressure level is $2,588; the central support level is $2,326, and the central pressure level is $2,637. For more market information and strategies, follow my personal master Ye to find me and share spot and contract trading strategies for free. $BTC
The above information is for reference only and does not constitute investment advice.
