8.29 Afternoon
From the hourly chart, although it shows a downward trend, a pattern can be observed: whenever the price reaches the bottom wave structure, it often triggers a rebound market. Currently, the market is in a stage of consolidation, and although the stochastic indicator shows a weakening downward trend, the range of 111100-109800 below constitutes clear support, and the short-term downside may be limited.
For Bitcoin, first look for a pullback to 103000, then around 109500, aiming for 112500.
For Ethereum, first look for a pullback to 4400, then around 4350, aiming for 4550 and 4630.
