8.16

BTC

Bitcoin is expected to show direction in the next day or two. Bitcoin is facing a directional choice, as the weekend should correct the market from the previous days before deciding on a direction. Overall, the key focus is whether a divergence can form on the daily chart. If it does, the adjustment period will be extended. On a smaller time frame, pay attention to whether the hourly level can exhibit a downward oscillation, with support at 116800-114000 and resistance at 118900-12000.

ETH

Ethereum also needs to pay attention to whether a divergence can form on the daily chart at this position. However, the prerequisite at this point is to ensure that the four-hour MACD does not break below the zero line. If it does break below the zero line, it will trigger a pullback and extend the cycle. As long as the highs and lows on the 15-minute chart are rising, a small rebound will occur, with support at 4330-4260 and resistance at 4488-4540$BTC #美国7月PPI年率高于预期