Analysis of Bitcoin and Ethereum Market on August 21: BTC, ETH Today's Highlights

Market Review

Yesterday, Bitcoin continued to consolidate, slightly fell, and fell back to the middle of the descending channel. The market gradually stabilized and the trend remained healthy. There was no obvious negative fundamentals. USDT on the chain continued to increase. There is still an expectation of rising in the short term. You can consider continuing to follow up. The interest rate cut cycle is coming. When the interest rate cut just begins, you must make necessary defensive preparations. Bitcoin and Ethereum followed BTC to consolidate synchronously, slightly adjusted, and still maintained a volatile trend. The support below is good. You can consider continuing to follow up during the day. A new round of rising cycle is coming soon. SATS and PEOPLE are in the callback stage Partial collection is available

Today’s highlights

BTC: 1-hour and 4-hour levels have returned to a healthy level, the daily level is below the healthy level, the volume has increased, the trend remains good, you can consider continuing to follow up, the big cycle continues to be bullish, the upper positive force of the day is 58300-58800, the lower support is 60300-60800, and the callback to the support level today can be appropriately followed

ETH: 1-hour and 4-hour levels have returned to a healthy level, the daily level is below the healthy level, the trend remains healthy, and has not fallen below the key resistance level, the upper resistance of the day is 2670-2720, the lower support of the day is 2520-2570, and the callback to the support level today can be appropriately followed