On August 21, the Crypto Assets market showed characteristics of high-level fluctuations, with major coins Bitcoin and Ethereum both looking for a clear direction.



Regarding Bitcoin, the trading range for the day was between 112,157 and 114,777. During the daytime, Bitcoin's price attempted to rise several times but failed to break through resistance, showing a state of repeated tug-of-war between the bulls and bears. As night fell, market momentum significantly weakened, and the price began to retreat, testing the support range below, with investor sentiment becoming cautious.

The performance of Ethereum is similar to Bitcoin, with an intraday trading range of 4,206 to 4,376. Although there was an upward push during the day, it failed to hold at the high position and subsequently followed the market's fluctuations. The evening trend weakened, repeatedly testing the strength of the support zone below.

Overall, the market on August 21 can be summarized as high-level fluctuations combined with the washout behavior of both bulls and bears. By the evening, a bearish retreat trend emerged. Next, market participants need to closely monitor whether the price's lower support can hold, as well as the potential rebound strength and the accompanying trading volume.

For investors who are currently struggling to determine market trends, it is crucial to maintain patience and continuously monitor market dynamics. In this rapidly changing Crypto Assets market, timely information updates and calm analytical judgment will be key to formulating investment strategies.
BTC-0.88%
ETH-2.6%
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NonFungibleDegenvip
· 9h ago
ngmi with these paper hands smh... time to ape in harder
Reply0
liquidation_surfervip
· 15h ago
Bear Market To da moon and that's it
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SerLiquidatedvip
· 15h ago
Another rug pull?
View OriginalReply0
CryptoNomicsvip
· 15h ago
*sigh* amateur market analysis ignoring stochastic volatility models. correlation != causation, folks.
Reply0
AirdropHunterXiaovip
· 15h ago
Still sideways, bored to death.
View OriginalReply0
PonziDetectorvip
· 15h ago
The bear has woken up.
View OriginalReply0
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