August 31 Cryptocurrency Market: August's Final Battle, Bitcoin and Ethereum Under Pressure with Fluctuations, Focus on Interest Rate Cut Expectations and Support Level Defense

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1 day ago

Tracking real-time hotspots in the cryptocurrency market and seizing the best trading opportunities, today is Sunday, August 31, 2025, I am Wang Yibo! Good morning, crypto friends! ☀️ Die-hard fans check in 👍 Like to make big money 🍗🍗🌹🌹

[Macroeconomic Market Environment and Sentiment Analysis]

Today marks the end of August, and the capital market is focusing on the expectations of the "golden September and silver October" peak season. Currently, the market has a strong expectation for favorable interest rate cut policies, but there is uncertainty regarding how well the actual implementation will align with market expectations. If the rate cut is less than expected or the timing is misaligned, it could become a bearish factor, leading to further declines in market prices.

The current cryptocurrency market is showing a synchronized weakening trend, with mainstream coins and altcoins all declining. Bitcoin and Ethereum have both fallen below key support levels, dragging altcoins down as well, causing market panic to rise. The cryptocurrency market's sensitivity to policy trends and sentiment changes has significantly increased, and it is essential to continuously track regulatory policy adjustments and signals of market sentiment turning points. In the current volatile market, while uncertainty increases, opportunities are also hidden within. Timely grasping of market dynamics is crucial. By following Yibo, you can rely on a professional analysis team and keen insights to obtain real-time updates on core assets such as U.S. stocks and the cryptocurrency market, helping investors seize opportunities and strategize effectively, allowing for a more composed response to market challenges and capturing investment opportunities.

[Bitcoin Technical Analysis and Trading Reference]

Bitcoin exhibited a weak oscillation pattern yesterday, with a clear intraday movement path in the tug-of-war between bulls and bears: after falling back to the support level around 107,282 in the morning, it began to rebound, testing the resistance level around 108,875 in the evening before retreating under pressure, failing to break through the key resistance zone and falling into a stalemate between bulls and bears.

From a technical perspective, the market is at a critical juncture. The range of 107,300-107,400 constitutes a core support zone, and the outcome of this range will determine the subsequent trend direction. If this support zone is effectively broken, it may trigger a deeper correction; if it can hold the support, there remains the possibility of a buildup for an upward attack. Currently, the 4-hour chart indicators show weakening momentum, and the MACD indicator has shown signs of a death cross, necessitating close attention to the defense of the support level. In the early morning hours, one can look for rebound repair opportunities for the bulls.

[Ethereum Technical Analysis and Strategy Suggestions]

Ethereum's movement is in sync with Bitcoin, having retraced to a low of 4,256 in the morning, repeatedly testing the resistance level of 4,420 without success. After a slight rise, the price experienced a pullback, touching a low of 4,332 before rising again.

The current market situation shows a continuous alternating pattern of bullish and bearish movements, forming a seesaw oscillation trend. The daily chart clearly displays a three consecutive bearish candle pattern, with multiple appearances of doji candles, indicating a regular washout characteristic. Although there was an upward movement last night, it fell back to close lower during the midnight period, and this morning, after a rise, it retreated again, with a one-sided trend yet to form.

From the 4-hour chart, the downward and upward movements are repeatedly playing out, with the lows being stabilized and slightly rising; however, the resistance at the highs remains solid and unbroken, making it difficult to form a sustained breakout in the short term. The strategy for early Sunday morning maintains a range-bound approach, primarily focusing on shorting during rebounds.

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If you are feeling lost—don’t understand the technology, can’t read the charts, don’t know when to enter the market, don’t know how to set stop losses, don’t understand take profits, randomly increasing positions, getting stuck while trying to catch the bottom, unable to hold onto profits, missing out on market movements… these are common issues for retail investors. But don’t worry, I can help you establish the correct trading mindset. A single profitable trade speaks louder than a thousand words; finding the right direction is better than repeatedly facing defeats. Instead of frequent operations, it’s better to strike accurately, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, subsequent trends should be based on real-time layouts. I look forward to steadily moving forward in the market with you.

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