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