Analyst Liang Qiu: 8.31 BTC ETH weekend sideways fluctuations with short-term navigation analysis

BTC and ETH started to move sideways after the early session rally, with signs of an upward trend in the lower support levels. BTC has stabilized around the 108,000 level, and the market will continue to experience fluctuations in the short term. From the daily and four-hour moving average indicators, BTC is currently just above the moving average support, having failed to break lower multiple times. After stabilizing, there is a certain demand for upward movement. On the other hand, ETH has a much larger overall volatility, with effective support forming after multiple tests in the 4,250 to 4,300 range. The weekly line is also about to close, and a market shift is imminent, so pay attention to subsequent breakout situations.

The K-line pattern shows that the daily level indicates the price has entered a downward trend after a previous surge, but is still in a high-level correction phase overall. At the 4-hour level, a series of small fluctuations with alternating bullish and bearish K-lines have formed, and the current market is approaching the previous high points of 110000 and the 4500 area, indicating short-term pressure. In terms of technical indicators, the 4-hour MACD histogram has turned from negative to positive, with the fast and slow lines gradually converging but not yet crossing, indicating that the bearish strength is weakening but the bullish side has not yet fully taken over.

It is recommended to operate BTC around 107800 to 108300, with a target near 109800; ETH around 4390 to 4420, with a target near 4500.

[The above analysis and strategy are for reference only. Please bear the risks yourself. The article's review and publication do not have timeliness, and the specifics are subject to real-time conditions.] #Gate重磅上线GUSD# #ETH走势分析# #Solana财库公司崛起#