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Recently, the Crypto Assets market has shown a wide fluctuation trend, with major coins fluctuating back and forth within a specific range. Bitcoin is currently facing a resistance level of 1190 dollars, while 1160 dollars provides some support. Ether is also caught in a fluctuation range of 3600 to 3900 dollars, making it difficult to break through this range in the short term.
Market participants may consider implementing a high sell low buy strategy within this range. From a technical perspective, the four-hour chart shows that the bullish and bearish forces are in a stalemate, with the Bollinger Bands displaying a fluctuation pattern. The hourly chart indicates that price fluctuations are locked within a narrow range, with market sentiment leaning towards bearish in the short term.
Looking ahead, Bitcoin may encounter resistance in the range of 1186 to 1192 USD, with support levels around 1178 and 1165 USD. Ethereum may face resistance in the range of 3820 to 3850 USD, with support levels around 3750 and 3680 USD.
It is worth noting that with the arrival of August, new variables may emerge in the market. Investors should remain vigilant, closely monitor market trends, and adjust their investment strategies in a timely manner. In this uncertain market environment, risk management becomes particularly important.