8.31 Sunday Night Bitcoin and Ethereum Market Analysis and Trading Suggestions:
Every small persistence is paving the way for a qualitative change in the future. Don't give up; you are closer to the desired result than you think. From the current market trend, the overall market still maintains a steady upward momentum. After a brief pullback touching the recent low of 107338, there has been some rebound, but it has not reversed. During the weekend, the market adopted a strategy of trading time for space, digesting the pressure from previous profits. For Sunday’s intraday market, we suggest maintaining a high position for shorting. Key resistance levels to watch above are in the range of 110500-111000. If it can effectively break through, a new upward channel may open.
Bitcoin: Short around 109000-109500 with a short-term target near 107500
Ethereum: Short around 4470-4500 with a short-term target near 4350 #加密市场回调 #PCE数据来袭 #ETH走势分析