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Bitcoin and Ethereum Market Analysis on August 22: What to Watch for BTC and ETH Today

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Bitcoin and Ethereum Market Analysis on 8.22: BTC, ETH Highlights Today

Market Review

Yesterday, BTC maintained consolidation, with a 4-hour trend showing some recovery, declining momentum weakening, a low divergence pattern forming, daily trend remaining healthy, downward momentum starting to weaken, weekly trend staying healthy. Focus on fundamental information, Federal Reserve interest rate cuts, expected intraday rebound, with a potential new weekly upward cycle starting

The second coin followed BTC in synchronous consolidation, 4-hour trend recovering, with an initial low divergence pattern, daily trend remaining healthy, expected intraday rebound

Altcoins followed mainstream coins in synchronous consolidation, 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

Powell's rebound expected at 10 PM tonight, potential significant short-term volatility, pay attention to risk control

Today's Highlights:

BTC 1-hour and 4-hour levels returning to healthy range, daily level below healthy range, expected mild intraday increase, intraday support 112,000-113,000, resistance 115,000-116,000

ETH 1-hour and 4-hour levels below healthy range, daily level returning to healthy range, expected mild intraday increase, intraday support 4,150-4,250, resistance 4,400-4,450

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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