#ETH #BTC In mid-August, the Crypto Assets market experienced significant Fluctuation. BTC hit a new all-time high this week, reaching the 124500 line; ETH also approached its previous high, climbing to the 47800 area. Under the influence of CPI data and related factors, the market sentiment surged overall.

In terms of trading strategy, there is a continuous bullish outlook, with BTC targeting 125000 - 127000 and ETH aiming for 4500 - 4800. In actual movement, BTC realized an increase of 8000 points, and ETH achieved a rise of 600 points, with the targets basically met. However, after the increase, the market experienced a pullback correction, and BTC faced resistance during the second peak, requiring attention to the short-term decline trend.
From the weekly K-line trend, it is overall in a wave-like upward movement, with each surge followed by a fluctuation adjustment. The current three-wave pattern has been released, and the short-term K-line shows two long upper shadows, indicating that the second breakout has not continued, and there is strong pressure above. If the second test yields no results, the risk of a pullback increases. On the daily level, although there has been a short-term surge, it has not effectively stabilized above the integer level. It is expected to possibly return to a box structure in the short term. If it breaks 120,000 but cannot maintain an upward movement, a strategy of waiting for a pullback can be adopted, with the first support level to focus on being 112,000. If it breaks that, further downward movement can be anticipated. Synchronizing with Bitcoin, Ethereum is close to the previous high. Considering the overall market rhythm, the technical logic is similar to BTC, with a need for adjustment following a surge, and attention should be paid to the key positions and their implications for future trends.
BTC 118300-117800 Fluctuation, target focus on 119000
Auntie 4540-4500 fluctuations, target focus on 4600#美7月PPI年率高于预期 #以太坊ETF突破300亿美元 #Gate Alph