Analyst Liang Qiu: On 8.27, BTC and ETH surged overnight again. Has the trend changed?

BTC and ETH continued to extend yesterday's daytime volatile upward trend overnight, rebounding from the low point of 108600 and 4308 line since yesterday morning. As of now, it has risen to a maximum of 112300 and 4631 line, showing a clear overall upward trend. The strategy we laid out yesterday for the market also saw multiple stop-loss exits, but we managed to recover some losses near the conversion point of resistance and support around 112000 and 4630 line in the early morning. Currently, the market is consolidating at high levels, especially on the ETH side, we need to pay attention to whether it can break through the 4630 line again during the day, while for BTC, we continuously monitor the resistance around the conversion point from 112000 to 112500.

After a large bullish candle on the daily level yesterday, it is currently in a stage of adjustment and consolidation. Looking at the four-hour level, it has also just encountered resistance at the middle line of the Bollinger Bands and has pulled back, with the trend not continuing to extend upward. The weekly level's pullback has also not changed the trend, and we can continue to expect a high point followed by a consolidation.

It is recommended to pump BTC around 111200 to 111600, with a target near 109500; for ETH, pump around 4580 to 4600, with a target near 4450.

[The above analysis and strategy are for reference only, and risks are to be borne by yourself. The article review and publication do not have timeliness, and the specifics are subject to real-time updates] #Gate广场七夕心意 #美商务部拟上链发布经济数据 #谷歌云推出 L1 区块链 GCUL