Gate Latest Crypto Assets Market Analysis (August 18): BTC, ETH Key Support Exposed, Short-term Pullback Risk Intensifies

On August 18, the cryptocurrency market continued its oscillating pattern, with Bitcoin (BTC) and Ethereum (ETH) both facing downward pressure. Although long-term capital continues to flow in, macroeconomic and geopolitical uncertainties have made the short-term trends full of variables. The Gate exchange research team conducted a depth analysis of the support and resistance levels, technical trends, and investment strategies of these two core assets.

Bitcoin Market Analysis

Current Price: $115,455.4

24-hour drop: -2.11%

Price Range: Highest $118,576.7, Lowest $114,887.9

Price Momentum Observation: BTC has been oscillating around historical highs recently, indicating that selling pressure is gradually increasing. Although institutional funds continue to flow in, short-term sentiment is affected by macroeconomic data and geopolitical events, leading to a weakening of buying momentum.

Key technical level

Support level: $114,887.9 (24-hour low)

resistance level: $118,576.7 (24-hour high)

Ethereum Market Analysis

Current Price: $4,259.45

24-hour drop: -4.42%

Range fluctuation: highest $4,575.14, lowest $4,230.01

Price Momentum Observation: The decline of ETH is significantly greater than that of BTC, reflecting an increase in market uncertainty regarding its short-term trend. Although the total amount staked has reached a new high, indicating that long-term investors' confidence remains, the increase in short-term volatility has raised trading risks.

Key technical level

Support level: $4,230.01 (24-hour low)

Resistance level: $4,575.14 (24-hour high)

Short-term Trading Strategy (1-4 Weeks)

Entry Timing:

BTC: The support level around $114,887 can be gradually allocated.

ETH: Watch for rebound signals near the support level $4,230.

Take profit and stop loss:

BTC stop loss $112,000, take profit $120,000.

ETH stop loss $4,100, take profit $4,600.

Position Management: It is recommended to only use 10%-15% of the total assets for short-term operations, and strictly control risks.

Risk Level: Medium to High, caution is advised.

Medium-term Investment Layout (1-6 Months)

Trend Judgment

If BTC and ETH can effectively break through the current resistance level, there is still hope for a continuation of the upward trend in the medium term; on the contrary, precaution should be taken against the risk of a pullback.

Configuration Suggestions

· BTC and ETH each account for 50%, balancing returns and risks.

· Pay attention to policy dynamics and technology upgrades (such as the advancement of new ERC standards for Ethereum).

Scenario Analysis

Bull market continues: can moderately increase positions.

Bear market pullback: timely reduction of positions to hedge.

Consolidation: Flexibly adjust the position ratio and operate based on technical signals.

Gate Market Outlook

Trend Probability Assessment

Bull market continues: 30%

Bear Market Drop: 40%

Consolidation: 30%

Potential Catalysts:

1. Policy Release (Regulatory Clarification)

2. Technical Breakthrough (Layer 2 Scaling, DeFi Upgrade)

Core Viewpoint

· BTC and ETH are currently in the "greed zone," and the short-term pullback risk cannot be ignored.

· Short-term trading should focus on defending support levels and set strict stop-losses.

· Medium to long-term layout needs to combine policies and technical aspects to optimize asset allocation ratios.

In a volatile market environment, flexibility in response is the key to victory.

Conclusion

Market data from August 18 shows that while BTC and ETH still have long-term investment value, short-term volatility has increased, and investors need to respond cautiously. The Gate research team recommends strictly adhering to support levels and stop-loss points, while closely monitoring macro and industry dynamics to quickly adjust strategies in the event of market turning points.