With the arrival of August, the Crypto Assets market has once again attracted the attention of investors. Looking at historical data, although Bitcoin and Ethereum typically show a fall trend in August, surprisingly, the average return is positive. This phenomenon is worth our in-depth exploration.

Considering the approximately four-year bull and bear cycle in the crypto assets market, 2025 is likely to correspond to the strong phases of 2021 and 2017. Therefore, it may be too early to conclude that the bull market has ended.

In terms of Bitcoin, the longer the current low-level oscillation range lasts, the more limited the potential for future rebounds may be. If this pattern continues into higher time frames, it may lead to a downside price breakout. Therefore, short-term traders may need to be more cautious and consider waiting for the trend to re-establish itself in smaller time frames or to wait for a correction opportunity in larger time frames.

From the monthly chart of Ethereum, the situation seems more optimistic. Although the previous two attempts to break through the $4000 mark were unsuccessful, the overall trend is still rising, with higher lows being established. It is worth noting that after each pullback, the bottom has been able to recover with volume, and in July, a large bullish candle with volume appeared. Recently, Ethereum has once again reached a key resistance level, and this wave of increase is accompanied by an increase in trading volume and strengthening momentum, indicating strong upward quality.

In terms of technical indicators, the MACD golden cross is still above the zero line, indicating that the main funds have not yet withdrawn. As long as there is no drastic increase in selling volume, Ethereum still has the potential to continue strengthening in August.

However, the market is always full of uncertainty, and investors still need to be cautious when making decisions. Keeping a close eye on market trends and managing risks appropriately may help find new investment opportunities in this August filled with opportunities and challenges.