The current Crypto Assets market is showing an overall downward trend, with short positions dominating the market direction, continuously exploring lower space. From a medium-term perspective, the characteristics of the downward trend are evident.



Analyze the four-hour cycle chart of Ethereum (ETH), where its price operates near the middle band of the Bollinger Bands. The short positions are continuously testing the support capacity of the middle band, and the downward momentum is gradually accumulating during this process, increasing the likelihood of a breakout below the middle band.

For Bitcoin (BTC), investors should closely monitor the key price level of $113,259. If it falls below this level, further observation of the performance at the support level of $112,307 is necessary. Regarding Ethereum, $4,261 is an important support level, and once it is breached, the next point of focus will be $4,106.

Based on the current market situation, Bitcoin may face downward pressure around $113,200, with a target price potentially reaching $112,300. Ethereum, on the other hand, has downward risks in the $4,260 area, with a target price potentially touching $4,100.

It is worth noting that the recent release of the Federal Reserve's July meeting minutes and the upcoming Jackson Hole meeting may have significant impacts on the Crypto Assets market. Investors should closely monitor these macroeconomic events to assess their potential influence on market direction.

In the current market environment, investors should remain cautious, closely monitor the performance of key support levels, and make informed investment decisions in conjunction with macroeconomic factors.
ETH0.95%
BTC-0.48%
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MemeCoinSavantvip
· 08-21 08:50
Bears cope hard now
Reply0
FrontRunFightervip
· 08-21 08:42
buy the dip go long let's go
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LightningClickervip
· 08-21 08:40
The market is a bit bad.
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Fren_Not_Foodvip
· 08-21 08:40
Next, let's see the performance of long positions.
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