Gate latest Crypto Assets market analysis (August 21): BTC attacks resistance level, ETH pumps over 5% releasing strong signals.

On August 21, the cryptocurrency market continued its rebound trend, with Bitcoin (BTC) returning above $114,000, and Ethereum (ETH) rising over 5% in a single day, becoming the market focus. Mainstream capital continues to flow in, and institutional participation is increasing, but macroeconomic and policy variables still pose high risks to the market. The Gate analysis team will analyze the current market situation from a technical and strategic perspective and provide short- to medium-term investment recommendations.

Bitcoin Market Analysis: Challenging Resistance Levels

Latest price: $114,158.7, up 0.9% in 24 hours.

Trading volume: $656 million, indicating a rebound in market activity.

Technical levels: Support level $112,373.5, Resistance level $114,618.2.

Recently, BTC fell below $104,000, but quickly rebounded to the key resistance zone. If it breaks through $114,618.2, it is expected to test the $116,000~$118,000 range in the short term; if it falls back, $112,500 will be a key defensive point for bulls.

Ethereum Market Analysis: Strong Breakthrough

Latest Price: $4,312.85, 24-hour Pump 5.16%.

Trading volume: $1.302 billion, demand has clearly increased.

Technical levels: Support level $4,063.48, Resistance level $4,377.64.

ETH has recently broken through the $4,300 level under bullish momentum. If it holds above the resistance level of $4,377.64, it is expected to challenge the $4,500~$4,600 range; if it retraces, $4,200 will be the short-term support level to watch.

Short-term Trading Strategy (1~4 Weeks)

* Entry Timing

BTC: Accumulate in batches when approaching the support level of $112,500.

ETH: A pullback to around $4,200 could be considered for entry.

* Take Profit and Stop Loss

BTC: Stop loss $110,000, take profit $120,000.

ETH: Stop loss $4,000, Take profit $4,600.

Position Management: It is recommended to control the initial position at 10%~20% of the total capital to cope with potential fluctuations.

Risk level: moderately high, requires close attention to macroeconomic conditions and regulatory policies.

Medium-term investment layout (1~6 months)

Trend Judgment: The mid-term trends of BTC and ETH are relatively strong, but it is necessary to guard against policy and economic uncertainties.

Configuration suggestion: The investment portfolio can consider 60% allocation in BTC and 40% allocation in ETH to balance stability and growth.

Key Node:

1. Regulatory policy release

2. BTC Halving Event

3. Global Important Economic Data

Scenario Response:

Bull Market: Can moderately increase positions

Bear Market: Hold Cash and Hedge Assets

Volatile Market: Adopt Short-term Swing Strategy

Conclusion

Currently, funds are continuously flowing into mainstream assets in the crypto market, with BTC and ETH both exhibiting strong resilience. Although the news is leaning towards positive, rising mining costs and policy uncertainties remain potential risks. It is advisable for investors to flexibly adjust their positions and optimize their portfolios in a timely manner based on technical signals and macro changes. For more real-time market data and professional analysis, please follow the official Gate platform.