8.16

BTC
The market should show direction in the next day or two. It is facing a directional choice as the weekend should correct the previous two days' market. Then it will choose a direction. The overall idea remains the same; we need to pay close attention to whether a divergence at the daily level can form. If it does, the adjustment period will be prolonged. At the smaller time frame, we should focus on whether the one-hour level can oscillate downwards, with support at 116800-114000 and resistance at 118900-12000.

ETH
Ethereum at this position also needs to pay attention to whether a divergence can form at the daily level. However, the current prerequisite is to first pay attention to the four-hour MACD not breaking below the zero line. If it breaks below the zero line, it will trigger a wave of correction and lengthen the cycle. As long as the highs and lows on the 15-minute chart are rising, a small rebound will come. Support is at 4330-4260, and resistance is at 4488-4540 #美7月PPI年率高于预期# .