Analysis of BTC and ETH market on August 3:

Today’s highlights

BTC: 1-hour and 4-hour levels enter the oversold range, the daily level is lower than the healthy level, the interest rate cut is basically confirmed, the big cycle continues to rise, the short cycle is affected by non-agricultural data, and there is still a possibility of a correction. Stay on the sidelines. The upper resistance of the day is 62300-62800, and the lower support is 60000-60500. Wait and see today. It is expected to continue to fall. Wait patiently

ETH: 1-hour and 4-hour levels enter the oversold range, the daily level is lower than the healthy level, the interest rate cut is basically confirmed, the big cycle continues to rise, and the short cycle is affected by non-agricultural data. There is still a possibility of a correction. Stay on the sidelines, pay attention to the subsequent selling pressure after the ETF is passed, and pay attention to the changes in Grayscale holdings. The upper resistance of the day is 3050-3100, and the lower support of the day is 2850-2900. Wait and see today. It is expected to continue to fall. Wait patiently