BTC and ETH Market Analysis on August 21st: BTC, ETH Highlights Today
Market Review
Yesterday, BTC consolidated, with a 4-hour trend showing some recovery, declining momentum weakening, initial low divergence pattern observed, daily trend remains healthy, downward momentum starting to weaken, weekly trend maintaining health, focus on fundamental information, Federal Reserve interest rate cuts, expected to continue consolidation during the day, with a new weekly upward cycle starting in the larger cycle
Ethereum followed BTC in synchronous adjustment, slightly rising, 4-hour trend showing recovery, initial low divergence pattern observed, daily trend remaining healthy, expected to maintain consolidation during the day
Altcoins synchronized with mainstream trends, altcoin index slightly pulling back, market sentiment still low, monitoring BTC market dominance, fiat buying signals, judging altcoin startup signals, ETH-related coins heavily influenced by ETH, Pendle can be continued to hold, recent Binance activities frequent, Alpha points activities ongoing, points can be accumulated, opportunities for rewards
Today's Highlights:
BTC 1-hour and 4-hour levels below healthy range, daily level below healthy range, expected to maintain consolidation during the day, lower support 112,500-113,500, upper resistance 115,000-116,000
ETH 1-hour and 4-hour levels below healthy range, daily level returning to healthy range, expected to maintain consolidation during the day, lower support 4,150-4,250, upper resistance 4,400-4,450
