29 August 2025,03:33
Chart The Market
29 August 2025, 03:33
BTC, H4:
Bitcoin (BTC) remains in a lower-high price pattern, recently dipping to a two-month low below the $110,000 level before staging a modest 3.5% technical rebound. Despite the bounce, BTC faced firm rejection near the 61.8% Fibonacci retracement level at $114,100, signaling that the broader bearish trajectory remains intact.
Momentum indicators are showing early signs of stabilization. The RSI has rebounded from the oversold zone to mid-level territory, while the MACD has formed a golden cross near the bottom and is edging toward a break above the zero line. These developments suggest easing bearish pressure, though a sustained move above $114,100 would be needed to confirm a potential shift toward a more neutral or bullish bias.
Resistance Levels: 117,190.00, 122,350.00
Support Levels: 109,600.00, 104,800.00
ETH, H4
Ethereum (ETH) has posted an impressive 40% rally from its August lows, peaking near $4,956.78 before encountering profit-taking pressure just shy of the psychological $5,000 level. The subsequent pullback has been contained, with ETH holding firm above $4,330, keeping the broader uptrend trajectory intact.
However, recent price action shows ETH forming a lower-high pattern, signaling potential structural weakness. A decisive break above this pattern would serve as a confirmation of renewed bullish momentum.
Momentum indicators remain neutral for now, with the RSI hovering around mid-level territory and the MACD fluctuating near the zero line, suggesting a period of consolidation before the next directional move.
Resistance Levels:4560.00, 4770.50
Support Levels: 4335.00, 4076.00
Crude Oil, H4
Crude oil extended its retracement within the established downtrend, shedding over 12% from its recent peak. Following a brief technical rebound and minor selloff, prices have found firm support above the 61.8% Fibonacci retracement at $63.10, hinting at a potential bullish bias in the near term.
Momentum indicators remain neutral, with the RSI easing from overbought levels and the MACD flattening along the zero line. However, if crude oil continues to hold above the $63.10 support, it could signal sustained buying pressure and open the door for a stronger upside recovery.
Resistance Levels:64.90, 66.65
Support Levels: 63.80, 61.55
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