Analysis of BTC, ETH, and SOL Trends on August 16

1. SOLUSDT

Trend Characteristics: Quickly rose from around 173 to 210, with a long bullish candle breaking through the short-term moving average, but after a rapid increase in volume at the top, it quickly fell back, breaking below MA7 and MA25. Currently, it has pulled back to around 187 and is moving sideways.

Support Level: The area around 176~179 is a strong support zone.

Resistance Level: In the short term, there will be price pressure around 192.

Rhythm Judgment: Short-term bias is weak, may oscillate in the 185~192 range to gain strength before deciding on direction.

2. ETHUSDT

Trend Characteristics: Shot up from 4160 to 4794 in one go, then sharply dropped below MA7, currently blocked near MA25, attempting to rebound.

Support Level: The area around 4300~4350 is a key support recently.

Resistance Level: The region around 4560~4600 is resistance for the rebound.

Trend: If it doesn't break 4300, it is likely to test 4600 again; but if it falls below 4300, it will test the 4150 range.

3. BTCUSDT

Trend Characteristics: Quickly dropped after rising from 116,736 to 124,545, breaking below MA7 and MA25, currently receiving support near 116500.

Support Level: The range between 116,000~116,800 shows clear support.

Resistance Level: There will be selling pressure around 119,500~120,000.

Rhythm Judgment: It is slightly weaker than ETH and SOL, with limited rebound strength; if it cannot quickly rise above 120,000, it is likely to continue oscillating weakly.

The current trends of these three indicate:

The main upward phase has ended → High-level profit-taking → Short-term technical correction.

They are currently in a bottom-testing + sideways phase, with direction not fully confirmed. It is crucial to observe the volume and closing price of the next one or two 4-hour candles.

If BTC cannot strongly lead the breakthrough, the rebound space for ETH and SOL will be limited.