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Market Analysis on August 31
The monthly K-line of the market has consecutively shown 4 bullish candles, and the bearish candle in August stands out as particularly rare! It is currently certain that 124500 is the absolute high point, and it will be difficult to surpass it in the short term!
BTC
Bitcoin surged near the resistance of 109400 and has begun to pull back. Today, pay attention to 108500; if it doesn't break on the pullback, the smaller timeframe will still maintain a rebound trend.
Resistance levels 109400~110500~111500
The pullback broke below 108500, and the bottom rebound has ended.
Pay attention to the support levels below: 107300~105300~103200
Eth
Ether Surge 4488 starts to pull back,
Pay attention to the position at 4433. If it doesn't break on a pullback, then the small level is still in a bullish trend.
Resistance is near the levels of 4488~4550~4600!
If it falls back and breaks below 4433, then a correction will begin on the 1-hour level.
Support is around 4380~4330~4265 below.
#MemeticMonk