🚨🚨Crypto Market Update – August 28, 2025🚨🚨
👉Short-Term Sentiment:
Current sentiment leans Neutral to Cautious. Bitcoin bounced from lows near $108,800 to around $113,200 but faces resistance near the $113,600 mark where short-term holders may sell to break even. This resistance could limit immediate rallies. Lower volume this morning could amplify volatility as traders await clearer direction—whether selling pressure intensifies or long-term holder buying stabilizes prices.
👉Long-Term Sentiment:
The long-term outlook remains Bullish to Neutral. Institutional interest stays robust with ongoing ETF inflows and corporate investments supporting the market’s foundation. The market recently shrugged off a prior correction and appears to be consolidating healthily after hitting highs n July. Growing strength in altcoins also reflects broader market participation beyond Bitcoin.
👉What This Means Now:
The market stands at a key crossroads as consolidation continues near $113K. Historically, overcoming short-term resistance around $113,600 is necessary to sustain upward momentum. Traders should monitor on-chain data like ETF wallet flows closely for signals. Altcoins such as Numeraire are showing strong gains, suggesting diversification in the rally. Overall, expect sustained volatility but with bullish undercurrents as institutional and retail players reposition.
👉Recommendation:
Track the live Fear and Greed Index for quick changes in market
sentiment and monitor platforms like Glassnode for wallet and ETF flow data throughout the day. Watch Bitcoin's ability to break and hold above $113,600 as a key short-term indicator. Stay alert to altcoin movements signaling rotation or fresh interest. DYOR and balance risk accordingly.