The market closed strongly! 20250829

CN
3 hours ago

Good evening, brothers!

【Market Fluctuations】

Today the market is quite interesting, after a big drop, it surged again, definitely showing signs of a bull market. I also preset multiple buy positions during the market correction, and with the rebound, my profits have reached new highs.

The market remains interesting, still a buy on dips and sell on rises.

……

The hot candidate for the next Federal Reserve Chair, Fed Governor Waller, delivered an important speech, openly expressing optimism about digital assets (especially Ethereum and stablecoins), stating that the GENIUS Act is making positive progress. The outside world believes this provides important policy support for the institutional adoption of digital assets like stablecoins and Ethereum.

BTC: On the 4-hour level, the price has retraced below the middle band of the Bollinger Bands, showing a weak price trend.

On the daily level, the price is still suppressed by multiple moving averages, showing an average price trend.

In summary, the support level is 110200, and the resistance level is 110700.

ETH: On the 4-hour level, the price has retraced below the middle band of the Bollinger Bands, showing a weak price trend, with a support level at 4380 and a resistance level at 4400.

LTC: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level at 109 and a resistance level at 112.

BCH: The price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend, with a support level at 520 and a resistance level at 550.

That's all for now, good night!

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