Gate latest Crypto Assets market analysis (August 15): Bitcoin pullback approaches support level, Ethereum long term remains bullish.

On August 15, the crypto market faced pressure at high levels, with both Bitcoin and Ethereum experiencing a pullback, but the overall trend remains strong. This article will combine price movement, technical signals, and capital flow to deeply interpret the short- to medium-term investment strategies and risk warnings for Bitcoin (BTC) and Ethereum (ETH), helping investors seize key opportunities amid fluctuations.

Bitcoin (BTC) market trends and technical analysis

The current price is $119,071.5, with a 24-hour decline of 2.4% and a trading volume of $3,210,289,978.73. Since breaking through $100,000, Bitcoin has faced short-term pressure, with the current price close to 95% of the historical high. The MACD indicates weakening bullish momentum, and attention should be paid to the defense of the support level at $117,193.4, while the resistance level above is at $122,052.1. If the support is broken in the short term, it may trigger a deeper pullback.

Ethereum (ETH) price movement and support resistance

ETH is currently priced at $4,635.31, down 2.15% in the last 24 hours, with a trading volume of $1,673,924,104.37. With technological innovations and institutional funding support, the medium to long-term outlook for ETH remains optimistic. Key support is at $4,453.49, while resistance is at $4,790.35. If it can break through the upper pressure, it may challenge the $5,000 integer mark again.

Capital Flow and Market Sentiment Observation

Mainstream funds continue to flow into BTC and ETH, especially with significant accumulation actions from institutional investors. The Fear and Greed Index has reached 79, reflecting extremely optimistic market sentiment, but trading volume fluctuates at high levels, increasing the risk of a short-term pullback. Retail participation is relatively low, indicating that most investors are still maintaining a wait-and-see attitude.

Investment Strategies and Risk Warnings

Short-term strategy (1–4 weeks): BTC is suggested to accumulate positions in batches near the support level of $117,193, with a stop loss set at $115,000 and a target of $125,000; ETH can be positioned at $4,453, with a stop loss at $4,400 and a target of $5,000. It is recommended that short-term positions account for 20%–30% of total assets.

Medium-term strategy (1-6 months): Asset allocation can adopt 70% BTC + 30% ETH, benefiting from institutional demand and technological advancements in the medium term.

Risk factors: Be aware of global interest rate changes, rising mining costs, insufficient liquidity, and policy regulatory impacts.

Conclusion

Overall, the pullback on August 15 did not undermine the medium to long-term bullish pattern of BTC and ETH, but short-term volatility has increased, and investors should strictly adhere to support levels and stop-loss lines. At the same time, closely monitoring regulatory policies and macroeconomic changes may become the catalyst for the next round of market movements.