BTC and ETH market analysis on October 16:

BTC: 1-hour and 4-hour levels enter the overbought range, and the daily level is higher than the healthy level. Those who pull back and short positions during the day need to follow up, and keep the hidden position. The expectation of the big cycle has not weakened. The lower support of the day is 66000-66500, and the upper resistance is 68000-68500

ETH: 1-hour and 4-hour levels enter the overbought range, and the daily level is higher than the healthy level. Those who pull back and short positions during the day need to follow up, and keep the hidden position. The upper resistance of the day is 2670-2720, and the lower support of the day is 2520-2550