Technical Analysis 2025-08-16

#BTC#

Weekly Level: [Mainly Short] The 6th wave of the pullback in an uptrend, with support at 100000; //Maintain a bearish outlook and wait for a pullback if 127000 is not broken.

Daily Level: [Short Positions as Priority] Divergence in fluctuation, primarily short positions; //Resistance at 124000, 127000, support at 112000

Intraday Level: [Long for Low, Short for High] Upward trend turns into a range, short at resistance, long at support; // Upper resistance 124000, lower support 116000, 112700;



#ETH#

**

Weekly Level: [Wait and See] ** Upward trend, has reached previous high, it is not advisable to chase the rise, pressure level has fallen back; //Resistance near 4780

Daily Level: [Mainly Short] The upward trend remains unchanged, with a top divergence. The market's exuberant sentiment is diminishing, making it unwise to chase the rise, or it may shift to a consolidation phase. //You can enter a short position with a light position.

Intraday Level: [Low Long High Short] The upward trend is either retracing or shifting to consolidation, mainly focusing on low longs and light shorts. //Resistance at 4655, 4780; support at 4380, 4180;

BTC0.63%
ETH3.5%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)