✨2024.8.15 Today's Analysis✨

$BTC encountered resistance again near 62000. After the release of CPI data yesterday, the price fell quickly, and the 4-hour chart formed a double top, currently touching the support level of 57500. Next, we need to pay attention to whether it will break: if it breaks and weakens, it may trigger a second bottoming adjustment; if it holds, the market is still in a volatile pattern. CPI data continues to fall, and the interest rate cut in September is basically a foregone conclusion, but the first interest rate cut may bring volatility.

$ETH continues to be blocked near 2700, and the support level of $BTC is 57500/53500.

It is recommended to wait until the short-term trend is clear before operating. There is no need to rush to participate in the current low volatility shock.

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