Bitcoin and Ethereum Market Analysis on 8.15: BTC, ETH Highlights Today
Market Review
Yesterday, BTC adjusted and consolidated, with a recovery trend. The 4-hour trend remained healthy, maintaining an upward trend. Short-term pullback is not a significant issue. The daily trend remains healthy, with a golden cross forming on the axis, signaling the start of a new upward wave. The weekly trend remains healthy. Pay attention to fundamental information, the Federal Reserve's interest rate reduction process. The intraday expectation is to continue rising, with a new upward cycle starting on the weekly chart
The second pie started an independent trend, with a mild pullback and consolidation. The 4-hour trend remains healthy, with the upward expectation unchanged. The daily level remains healthy, with a golden cross forming on the axis, initiating a new upward wave. The intraday expectation is to continue rising
Altcoins followed the mainstream with a synchronized pullback. The altcoin index experienced a mild pullback, with market sentiment still low. Focus on BTC market dominance, fiat buy signals, and determining altcoin launch signals. ETH-related coins are heavily influenced by ETH. Pendle showed a good increase with volume breakthrough and can be held. Recently, Binance has been hosting frequent activities, with ongoing Alpha points events. Points can be accumulated, and there are many opportunities for rewards
Today's Highlights:
BTC returned to a healthy range at 1-hour and 4-hour levels, with a daily level back in a healthy range. Intraday expectation is to continue rising, with lower support at 117,000-118,000 and upper resistance at 120,000-121,000
ETH returned to a healthy range at 1-hour and 4-hour levels, with a daily level entering an overbought zone. Intraday expectation is to continue rising, with lower support at 4,450-4,550 and upper resistance at 4,700-4,800
