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On August 21, the Crypto Assets market welcomed new opportunities. The latest Technical Analysis shows that major crypto assets are exhibiting a positive rising trend.
From the 4-hour chart, the price has firmly stood above the middle band of the Bollinger Bands. It is worth noting that the upper band of the Bollinger Bands is continuously expanding upwards, while the lower band remains stable. This expansion pattern clearly indicates that the bullish forces in the market are gradually strengthening, and the upward trend is evident in the short term.
Recent K-line patterns have also provided positive signals. In the last three 4-hour cycles, we observed a continuous appearance of bullish candles with small wicks, and the bodies of these bullish candles have shown a gradually expanding trend, forming a ladder-like rise structure. It is worth mentioning that the pullback during this period has been minimal, fully reflecting the strong support from market buyers, and the market pattern dominated by bulls has become very evident.
For Bitcoin (BTC), market participants can consider looking for entry opportunities in the range of 112850 to 113780 to establish long positions. If the market continues to improve, the price is expected to reach levels near 115350.
Ethereum (ETH) investors can focus on the range of 4215 to 4260, which may present a good bullish positioning opportunity. If the market maintains its current momentum, the ETH price could push towards levels around 4435.
Overall, the current crypto assets market shows a positive rising trend, but investors still need to operate cautiously, closely monitor market changes, and manage risks appropriately.