Morning Analysis on 8.28


Bitcoin has shown a clear range of fluctuations during the day, with a low support level of 110862 rebounding and a high of 112568, corresponding with previous resistance levels; Ethereum is also oscillating upwards, rebounding from a low point of 4502 and reaching a high of around 4662, with a clear fluctuation range.

The daily chart closed with a doji, reflecting the recent market stalemate. The price has encountered significant resistance multiple times around 112500, failing to break through effectively. The market remains in a high-level tug-of-war, with bulls having the advantage, but the continuous failed upward attempts also suggest that the risk of a pullback is accumulating. The four-hour level shows a rise and fall, highlighting the fierce battle between bulls and bears.

Operation Reference:
Short near 111800-112200, target 110900
Short around 4550-4590 for Ethereum, target 4460#ETH创历史新高
ETH-5,1%
BTC-3,93%
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