2026.8.24
The weekend’s two days saw much larger fluctuations than the previous period. Both longs and shorts were swept, with two intraday reversals that ended up hurting both sides. Liquidity is expected to return to normal in the short term. After this weekend’s benign pullback, the weekly candle has recovered a big bullish candle, closing back up from yesterday. This week, if price directly pulls back to confirm the weekly trend, it is still possible to go long; if it doesn’t pull back and instead rises again, be cautious of a rally that turns into a drop and forms a bearish move that leaves a long upper wick on the weekly chart. Today, Monday, the market volatility will choose a direction.
Overall the trend is still bullish, but in the short term it is in a high-range consolidation phase, and chasing at the high carries significant risk. A more prudent approach is to wait for a pullback to key support levels and confirm before entering in batches.
BTC (big coin): Before today’s direction is clear, both high shorts and low longs have opportunities; it is still consolidating at high levels. As for funding rates, BTC’s holdings-weighted and turnover-weighted funding rates are 0.0097% and 0.0091% respectively, which are in a neutral range. For ETH, the corresponding weighted funding rates are 0.0111% and 0.0123%, both higher than the 0.01% benchmark, meaning it has entered the bullish range.
Supports: 76800-77000, 75500-76000. Resistances: 77800-78200, 79500-80000.
ETH (big pie): High-level range trading with no clear direction yet. US spot ETFs have continued to flow in, with institutional demand supporting the rebound. ETH/BTC remains relatively strong, and capital has rotated to altcoins—ETH is also the altcoin leader. The daily RSI has entered the overbought zone, implying a technical pullback may be needed. But on the bigger picture, the overall bias remains bullish. Funding rates have entered the bullish range, and the derivatives market has a strong long sentiment. It is oscillating up and down over the past hour, and the 2-hour support has not been broken.
Supports: 2400-2420, 2360-2380. Resistances: 2494-2500, 2550-2570
The weekend’s two days saw much larger fluctuations than the previous period. Both longs and shorts were swept, with two intraday reversals that ended up hurting both sides. Liquidity is expected to return to normal in the short term. After this weekend’s benign pullback, the weekly candle has recovered a big bullish candle, closing back up from yesterday. This week, if price directly pulls back to confirm the weekly trend, it is still possible to go long; if it doesn’t pull back and instead rises again, be cautious of a rally that turns into a drop and forms a bearish move that leaves a long upper wick on the weekly chart. Today, Monday, the market volatility will choose a direction.
Overall the trend is still bullish, but in the short term it is in a high-range consolidation phase, and chasing at the high carries significant risk. A more prudent approach is to wait for a pullback to key support levels and confirm before entering in batches.
BTC (big coin): Before today’s direction is clear, both high shorts and low longs have opportunities; it is still consolidating at high levels. As for funding rates, BTC’s holdings-weighted and turnover-weighted funding rates are 0.0097% and 0.0091% respectively, which are in a neutral range. For ETH, the corresponding weighted funding rates are 0.0111% and 0.0123%, both higher than the 0.01% benchmark, meaning it has entered the bullish range.
Supports: 76800-77000, 75500-76000. Resistances: 77800-78200, 79500-80000.
ETH (big pie): High-level range trading with no clear direction yet. US spot ETFs have continued to flow in, with institutional demand supporting the rebound. ETH/BTC remains relatively strong, and capital has rotated to altcoins—ETH is also the altcoin leader. The daily RSI has entered the overbought zone, implying a technical pullback may be needed. But on the bigger picture, the overall bias remains bullish. Funding rates have entered the bullish range, and the derivatives market has a strong long sentiment. It is oscillating up and down over the past hour, and the 2-hour support has not been broken.
Supports: 2400-2420, 2360-2380. Resistances: 2494-2500, 2550-2570
