2026.8.17 #btc
A new week begins, and on Monday liquidity returns to normal. Over the weekend, for two days, price basically moved sideways along a single line with little fluctuation—this was also the weakest liquidity weekend in the past two months. This “Trump chameleon” is still out of sync, saying one thing and doing another; in negotiations he has repeatedly demonstrated toughness. Real, genuine peace is still far away. But as long as the market has brief calm, it can at least let people catch their breath. At minimum, when US stocks open on Monday, he won’t intentionally create negative news to attack the US market. After a week of calm, Monday—technically and emotionally—leans toward going long. Bulls are confident, but not decisive enough; it’s also unlikely there will be another run of consecutive big rallies.
Big cake (BTC): Consolidation with a bullish bias. For weeks, BTC has been trapped in the 62,500–66,000 range, forming a compressed market structure. The 1-hour chart shows a bullish RSI divergence (price makes a new low while RSI forms higher lows), and downside momentum is weakening. However, BTC is still below all key moving averages, so overall it remains in a downward trend. A daily close and hold above 64,500 would be a bullish confirmation. Below the daily level, there are conditions to go long.
Support: 62,200–62,500; Resistance: 63,800–64,300, 65,000–65,500
Second cake (ETH): Consolidation with a bullish bias. Going long is the first choice for the second coin, and the exchange rate has truly maintained strength. It’s back around 0.03, and it is currently compressed into an extremely narrow band of 1860–1920. The daily converging triangle has reached its end stage. 1,900 is the key watershed level on the same tier as BTC’s 63,500—if it cannot break through effectively and hold, the market will most likely rebound first and then continue to fall. In the early session, it looks like it will test this resistance; the probability of a breakout is around 60%. Timeframes below 12 hours have conditions to go long.
Support: 1,850–1,860; Resistance: 1,900–1,920, 1,935, 1,960
A new week begins, and on Monday liquidity returns to normal. Over the weekend, for two days, price basically moved sideways along a single line with little fluctuation—this was also the weakest liquidity weekend in the past two months. This “Trump chameleon” is still out of sync, saying one thing and doing another; in negotiations he has repeatedly demonstrated toughness. Real, genuine peace is still far away. But as long as the market has brief calm, it can at least let people catch their breath. At minimum, when US stocks open on Monday, he won’t intentionally create negative news to attack the US market. After a week of calm, Monday—technically and emotionally—leans toward going long. Bulls are confident, but not decisive enough; it’s also unlikely there will be another run of consecutive big rallies.
Big cake (BTC): Consolidation with a bullish bias. For weeks, BTC has been trapped in the 62,500–66,000 range, forming a compressed market structure. The 1-hour chart shows a bullish RSI divergence (price makes a new low while RSI forms higher lows), and downside momentum is weakening. However, BTC is still below all key moving averages, so overall it remains in a downward trend. A daily close and hold above 64,500 would be a bullish confirmation. Below the daily level, there are conditions to go long.
Support: 62,200–62,500; Resistance: 63,800–64,300, 65,000–65,500
Second cake (ETH): Consolidation with a bullish bias. Going long is the first choice for the second coin, and the exchange rate has truly maintained strength. It’s back around 0.03, and it is currently compressed into an extremely narrow band of 1860–1920. The daily converging triangle has reached its end stage. 1,900 is the key watershed level on the same tier as BTC’s 63,500—if it cannot break through effectively and hold, the market will most likely rebound first and then continue to fall. In the early session, it looks like it will test this resistance; the probability of a breakout is around 60%. Timeframes below 12 hours have conditions to go long.
Support: 1,850–1,860; Resistance: 1,900–1,920, 1,935, 1,960
