BTC and ETH market analysis on August 1:

Today’s highlights

BTC: 1-hour and 4-hour levels are close to the oversold range, the daily level returns to a healthy level, the macro environment improves, and the expectation of interest rate cuts increases again. The subsequent general direction continues to be bullish. The short-term correction fundamentals have not seen bad news, and the short-term expectation of escape has been achieved. The upper resistance of the day is 65200-65700, and the lower support is 62500-63000. Wait and see today, with a slight increase in volume, and it is expected that there will be a possibility of continued decline

ETH: 1-hour and 4-hour levels are close to the oversold range, the daily level returns to a healthy level, the macro impact improves, and the expectation of interest rate cuts increases again. The general direction continues to be bullish. Pay attention to the subsequent selling pressure after the ETF is passed, pay attention to the changes in Grayscale holdings, and follow the big cake correction in the short term. The upper resistance of the day is 3260-3310, and the lower support of the day is 3100-3150. Wait and see today, with a slight increase in volume, and it is expected that there will be a possibility of continued decline