8.27 Morning
Approaching midnight, Bitcoin began a pattern of first declining and then rising, dropping to a low of 109350 before rebounding, reaching a high of 112369. The current market is experiencing some pullback, oscillating around 111700. Ethereum's early morning trend synchronized with Bitcoin, showing an overall pattern of oscillating upward, starting from the evening low of 4405 and gradually rising to the high of around 4633, with a relatively steady upward pace.
From the current market perspective, attention should be focused on the pressure of the previous high at 112369. If it can break through and stabilize, it may further open up upward space; on the downside, watch the integer level of 110000 and the support level at 109350. If it pulls back and breaks below 109350, it may trigger a short-term correction.
Bitcoin can be traded around: 110800 - 110000, with a target of 111900-113000
Ethereum can be traded around: 4500 - 4460, with a target of 4600-4680 $BTC $ETH