Since the early morning of August 6, the Crypto Assets market has shown a fluctuating trend. Bitcoin (BTC) started to fluctuate downward from 115,100 points, reaching a low of 112,600 points before entering a brief consolidation phase.



From the hourly Bollinger Bands indicator, it shows a trumpet-shaped opening pattern, indicating that short-term volatility may intensify. The middle band and lower band are both turning downward, and the overall channel shows a downward sloping trend. Although the price continues to break below the lower support level, there are no signs of further breakthroughs yet.

Based on the current market situation, investors may consider positioning themselves within the following range:

Bitcoin (BTC):
It is recommended to pay attention to the range of 112,500-111,800.
The target price may reach the range of 113,700-114,500.

Ethereum (ETH):
It is recommended to pay attention to the range of 3,530-3,460.
The target price may reach the range of 3,640-3,700.

It is noteworthy that the recent market has been influenced by multiple factors, including changes in U.S. tariff policies and expectations regarding personnel changes at the Federal Reserve. At the same time, Ethereum ETFs have shown a net inflow for 12 consecutive weeks, indicating that investors are maintaining sustained interest in this asset.

Investors should fully consider the high volatility of the market when making trading decisions and operate cautiously in conjunction with their own risk tolerance.
BTC-0.22%
ETH-0.56%
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PonziDetectorvip
· 08-08 11:12
I am bullish! It will definitely break 130,000 next quarter!
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ApeDegenvip
· 08-07 09:31
Enter a position and it's done!
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RektRecordervip
· 08-05 17:48
Be Played for Suckers again...
View OriginalReply0
gas_fee_traumavip
· 08-05 17:28
When can it fall below 110,000? I can't wait anymore.
View OriginalReply0
CommunitySlackervip
· 08-05 17:22
Let the retail investors be the first to Rug Pull.
View OriginalReply0
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