Recently, the crypto assets market has shown a positive trend, primarily influenced by favorable macroeconomic conditions. Fed Chairman Powell delivered a speech at the recent Jackson Hole annual meeting, suggesting that interest rate cuts could begin as early as September, and emphasized a cautious approach to policy adjustments. This dovish signal has stimulated market risk appetite, leading to a rise in U.S. stocks, a weakening of the dollar, and subsequently strengthening of crypto assets.

In this favorable environment, the prices of Bitcoin and Ethereum are both on the rise. Market analysts believe that Powell's remarks are one of the key factors triggering the rebound in the Crypto Assets market. Ether is expected to break through the important threshold of $5,000, while Bitcoin is approaching its historical peak.

However, the market also faces some short-term volatility risks, especially from the impact of large derivatives events. For example, on August 22, a total of $4.8 billion in options will expire, which may cause short-term fluctuations in the market.

As for Bitcoin, the current price is around 114,000 USD, but it faces pressure from the maximum pain point for options near 118,000 USD, forming a strong short-term resistance level. If a pullback occurs, there is historical support around 108,000 USD. Investors may consider gradually building long positions in the range between 108,000 USD and 110,000 USD.

It is worth noting that the Crypto Assets market is highly volatile, and investors should carefully assess risks and develop appropriate investment strategies. In addition, market conditions change rapidly, and investors need to stay informed about the latest market dynamics and regulatory policy changes to make informed investment decisions.