Market Analysis for 8-29

Yesterday, $BTC surged to 113000 before retreating, with heavy selling pressure above and weak upward momentum. It will continue to test the support at 108000-110000. If the support holds and can stimulate buying momentum, it will continue to push towards 115000. However, if it breaks below the previous low of 108000, it will further drop towards around 105000!
$ETH attempted to break 4700 in the past two days but failed, facing selling pressure that brought it down. The upward momentum is insufficient, and it has retreated to around the 4400 Bollinger middle band. If it can effectively support today, the upward trend will not be broken, and it will continue to rise towards the 4700 mark in the next two days. If it falls below 4400 today, it may further drop towards the strong support near 4200!
The current market is relatively difficult to grasp. For those with no positions, it is advisable to mainly observe. When there are strong support levels at low points, a small position can be taken for a short-term long. Friends who are half-positioned are advised to mainly observe, while those with heavy positions should reduce their holdings when reaching resistance levels!
Do not blindly chase gains and sell at losses! Altcoins, especially those without applications, are advised to be exited as soon as possible! #ETH走势分析 #ETH质押退出动态观察 #Gate广场七夕心意 #内容挖矿，赚丰厚返佣
Need to analyze the commentable options for other coins.