Bitcoin and Ethereum Market Analysis on August 15: BTC, ETH Highlights for Today

Market Review

Yesterday, BTC underwent a corrective adjustment, a restorative market trend, with a healthy 4-hour movement that maintains an upward trend. Short-term pullbacks are not significant, and the daily chart remains healthy, with a golden cross forming on the axis, signaling the start of a new upward movement. The weekly chart also remains healthy, with increased focus on fundamental information, including the Federal Reserve's interest rate cuts. Today's expectation remains bullish, and on a larger cycle, a new upward cycle on the weekly chart has begun.

Altcoins are starting an independent market trend, experiencing a mild corrective adjustment, with a healthy 4-hour outlook and unchanged upward expectations. The daily chart remains healthy, with a golden cross forming on the axis, signaling the start of a new upward movement. Today's expectation continues to be bullish.

Altcoins are following mainstream coins in a synchronized pullback, with the altcoin index showing a mild correction. Market sentiment remains low; attention should be paid to BTC's market share situation, fiat buying signals, and identifying altcoin initiation signals. Coins under ETH are significantly influenced by ETH's movements. PENDLE has shown decent gains, breaking out on increased volume, and can continue to be held. Recently, Binance has been very active, with ongoing Alpha point activities, so you might want to utilize your points. There have been many opportunities lately to profit.

Today's Highlights:

BTC's 1-hour and 4-hour levels have returned to a healthy range, and the daily level has also returned to a healthy range. Today's expectation continues to be bullish, with support at 117000-118000 below and resistance at 120000-121000 above.

ETH's 1-hour and 4-hour levels have returned to a healthy range, while the daily level has entered an overbought range. Today's expectation continues to be bullish, with support at 4450-4550 below and resistance at 4700-4800 above.