Gate Latest Crypto Assets Market Analysis (August 22): BTC, ETH Technicals Under Pressure, Short-term Pullback May Present Good Opportunity

On August 22, the Crypto Assets market continued to fluctuate within a narrow range, with Bitcoin (BTC) and Ethereum (ETH) both experiencing slight pullbacks. BTC firmly holds the key support at $112,003, while ETH stabilizes around $4,204. The technical indicators show a weakening of bullish momentum, but the medium-term bullish trend remains unchanged. The Gate analysis team will break down the current technical signals and investment strategies for you.

Market Overview

BTC Current Price: $113,283.6 (24-hour change -1.45%)

ETH Current Price: $4,290.59 (24-hour drop 1.50%)

Market characteristics: Active trading volume, volatility below recent average, short-term showing a retracement consolidation pattern.

BTC Market and Technical Analysis

Trading Volume: $733,898,236 (24 hours)

Support level: $112,003.3

Resistance level: $114,814.7

Technical Observation:

1. The price continues to oscillate within a narrow range, and the MACD histogram shortens, indicating a weakening bullish momentum.

2. The RSI is close to the neutral zone; we need to observe whether it can break through the resistance level in the short term.

Short-term view: If it holds above $112,000 and breaks through $114,800 with volume, it is expected to challenge $116,000; if it breaks support, it may test $110,000.

ETH Market and Technical Analysis

Trading Volume: $572,946,926 (24 hours)

Support level: $4,204.76

Resistance level: $4,340.03

Technical Observation:

1. Although there is still room to the historical high, short-term selling pressure has increased.

2. The RSI is slightly declining, and we need to pay attention to whether the $4,200 support can hold.

Short-term view: If it breaks above $4,340, it is expected to retest the range of $4,400–$4,450; if it falls below $4,200, it may drop to $4,100.

Technical Signals and Liquidity Assessment

Liquidity: The buy and sell order depth for BTC and ETH is healthy, with a limited difference between the highest buying price and the lowest selling price, providing little arbitrage opportunity.

Volatility: The daily average volatility is below the recent average, and a short-term pullback is a normal consolidation.

Market Forces: MACD shows that bullish momentum is weakening. Although trading volume has increased, it has not managed to push the price through resistance.

Investment Strategy Recommendations

* Short-term (1–4 weeks)

Entry point:

BTC: Approaching $112,500 for incremental positioning

ETH: Approaching $4,200 to enter

Take profit and stop loss:

BTC stop loss $110,000, take profit $114,800–$116,000

ETH stop loss $4,100, take profit $4,340–$4,450

Position Control: It is recommended to control the initial position at 10%–15% of the total assets.

* Medium Term (1–6 months)

Trend Judgment: Institutional funds and technological innovation will continue to support the mid-term upward movement of BTC and ETH.

Allocation Ratio: 70% BTC, 30% ETH

Event to watch: policy changes, Ethereum ERC standard upgrades, changes in on-chain activity

Conclusion

Currently, BTC and ETH are experiencing short-term pullback pressure, but the support levels are performing steadily, and the medium-term upward pattern has not been broken. For investors, the pullback may be a good opportunity for positioning, but strict stop-loss strategies should be implemented and macro and technical signals should be closely monitored.