This frenetic rally is ultimately short-lived. I've seen many people saying that Trump fired a Fed member, and the cryptocurrency market is bound to experience an unstoppable surge. Risk aversion is already evident, and this is the perfect time to buy! All I can say is, buy like crazy without even knowing what a risk-off market is. Following the herd will only lead to disaster. Just like I never follow the crowd and complain about Trump's rise and fall, fundamentals may appear strong at the moment, but they don't have much continuity afterwards. Technicals are the primary catalyst and continuity. While they can't guarantee everything, they often do.

The past two days have been largely range-bound. Technically, Bitcoin's daily price has been fluctuating at a high level recently, with a long upper shadow forming on August 26th, indicating strong selling pressure from above. The hourly chart shows consecutive bearish candlestick patterns and decreasing volatility, suggesting a possible consolidation phase. Both the hourly MACD DIF and DEA are positive, but the MACD histogram is shortening, indicating weakening bullish momentum and the risk of a reversal to the bears. The hourly RSI is currently at 57.11, not yet in overbought or oversold territory, indicating no extreme market sentiment for now, but overall weakness. The hourly EMA 7 has been broken by the price, the EMA 30 is near support, and the EMA 120 is far from the current price, indicating a bearish trend. In summary, Yanling recommends a high-sell strategy for today's trading.

Zhou Yanling's Bitcoin Trading Strategy for August 28:

1. Short at 112,800-112,000, stop loss above 113,800, target 111,000-110,200, with a continued decline targeting near 109,200.

2. Long at 109,200-110,200, stop loss below 108,200, target 111,500-112,300.

Zhou Yanling's Ethereum Trading Strategy for August 28:

1. Short at 4,690-4,650, stop loss above 4,730, target 4,560-4,520, with a continued decline targeting near 4,400.

2. Long at 4,400-4,440, stop loss below 4,350, target 4,520-4,570.

[The above analysis and strategy are for reference only.] Please assume all risks. Article review and publication may be delayed, and strategies may not be timely. Specific operations should be based on Yanling's real-time strategy.

This article is exclusively shared by senior analyst Zhou Yanling. The author has over ten years of experience in financial market investment research. Currently, he primarily analyzes and provides guidance on futures and spot trading for BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrencies. He possesses a solid theoretical foundation and practical experience. $BTC $ETH