Bitcoin and Ethereum Prices Plummet Amid Technical Analysis Predictions

Bitcoin (BTC) and Ethereum (ETH) saw significant drops on August 15, according to technical analysis by Zhou Yueying. On the daily chart for BTC, the price broke below the 63,000 level, indicating ongoing resistance and pressure. The Bollinger Bands are opening downward, short-term moving averages are trending down, and MACD fast and slow lines are moving downward with expanding green bars.

The VR indicator is consolidating near 100, while on the four-hour chart, the price is slowly dropping, testing support at the lower band. If this level breaks, there may be further downside, and in the short term, look for a rebound from support. If the support is completely broken, it's best to avoid entering.

For ETH, the market keeps moving sideways and consolidating within a small range today. The technical movement on both daily and four-hour charts is generally consistent with BTC. For resistance, pay attention to the previous highs above, and for support, look at the 1,800 level. If broken, further adjustment is needed.

Zhou Yueying suggests buying BTC at 62,200 and ETH at 1,850. However, it's essential to manage positions accordingly once profit is made.