8.28 Morning

Looking back at the early morning, Bitcoin peaked at 112600 before falling back, reaching a low below 111000, then rebounding to around 112400 before falling again. It is currently trading around 111100. Ethereum showed a consistent downward trend in the early morning; although there was a weak rebound, it was not strong enough. Ethereum peaked at 4645 before stabilizing at 4484, currently stabilizing around 4500.

On the hourly level, the price has broken below the middle band and continues to move downwards, currently situated below the middle band, indicating a weakening of short-term bullish strength, with bears taking the initiative. In the morning, we can plan for low long positions.

Bitcoin can be targeted around: 110500-109500, with a goal of 111600-112800.

Ethereum can be targeted around: 4460-4420, with a goal of 4580-4680$BTC $ETH .