Analysis of BTC and ETH market on August 16:

Today's highlights

BTC: 1-hour and 4-hour levels are below healthy levels, and the daily level is below healthy levels. The volume is reduced. Patiently wait for the market to recover. The big cycle continues to be bullish. The upper resistance of the day is 56500-57000, and the lower support is 59000-59500. Wait and see today, waiting for stabilization before taking action

ETH: 1-hour and 4-hour levels are below healthy levels, and the daily level is below healthy levels. The trend remains healthy and has not fallen below the key resistance level. The upper resistance of the day is 2650-2700, and the lower support of the day is 2500-2550. Wait and see today, pay attention to the BTC trend to stabilize and take action