8.28

BTC
Bitcoin's performance yesterday was also in line with our expectations. It attempted several times to break above 112300 but failed to do so, while subsequently returning to the 111000 level. The current fluctuation range remains between 111000 and 112300. A breakout on either side will determine the next direction, but pay attention to the 111100 level; if it breaks through, it will lead to a second bottom test, with the support at 109500. The bulls at this position have not fully recovered yet and need a bit more time. Support is between 110950-109000, and resistance is between 112300-113400.

ETH
The overall idea of Ethereum remains the same. To continue rising from this position, it must break through 4860 with consecutive large bullish candles. If not, it is very likely to leak oil from this position and lead to a drop. Currently, the intraday oscillation range is between 4474 and 4616. If it breaks through 4616, it will likely test the bottom again, or even go lower. Therefore, this position of Ethereum is very critical. If it can maintain oscillation within the range without piercing downwards, altcoins will have a chance to rise slightly. If Ethereum goes down, altcoins won't be able to hold either, with support at 4474-4357-4200 and resistance at 4616-4691.