Gate Latest Crypto Assets Market Analysis (August 29): BTC, ETH Key Support Revealed, Three Major Pumping Alts Lead the Way

On August 29, the crypto market continued its volatile pattern, with Bitcoin (BTC) and Ethereum (ETH) stabilizing near key support levels, while some altcoins surged nearly 20% against the trend. This article will analyze the support and resistance levels of BTC and ETH using Gate market data, and highlight today's top gainers ELIZASOL, LAUNCHCOIN3L, and HNB, while also providing short- to mid-term investment strategy recommendations.

Core Market Performance Analysis

Bitcoin (BTC)

Current price: 111,443 USDT (24h -0.99%)

Technical Analysis: Short-term volatility is narrowing, support level at 111,411.4 USDT, resistance level at 113,469.3 USDT.

Trend observation: If it breaks the support, it may trigger a new round of adjustments; if it holds, it is expected to rebound to 115,000 USDT.

RSI Indicator: Neutral to Weak, pay attention to changes in trading volume.

Ethereum (ETH)

Current price: 4,452.53 USDT (24h -1.31%)

Technical Analysis: Support level 4,429.36 USDT, Resistance level 4,634.01 USDT.

Market dynamics: Recently, whale addresses have made large purchases, but market sentiment remains cautious.

Trend Observation: A breakthrough of the 4,450 USDT resistance level is needed to potentially restart the pump and challenge 4,600 USDT.

Today big pump alts

ELIZASOL

Current Price: 0.002808 USDT (+19.64%)

Trend: The short-term upward channel is evident, but the rapid increase requires caution for a potential correction.

Support/Resistance: 0.001857 / 0.004117 USDT.

LAUNCHCOIN3L

Current Price: 0.30253 USDT (+18.51%)

Trend: Strong buying pressure, approaching short-term highs, need to pay attention to profit-taking pressure.

Support/Resistance: 0.09128 / 0.32245 USDT.

HNB

Current price: 0.00009451 USDT (+18.15%)

Trend: Trading activity is increasing, and volatility is high.

Support/Resistance: 0.00007444 / 0.00018498 USDT.

Investment Strategy Recommendations

Short-term Trading Strategy (1–4 weeks)

Entry timing:

BTC: Accumulate positions in batches near 111,411 USDT

ETH: Pay attention to rebound opportunities near 4,452 USDT

Take Profit/Stop Loss:

BTC: Stop loss 112,000 USDT, Take profit 115,000 USDT

ETH: Stop loss 4,400 USDT, Take profit 4,600 USDT

Position management: Control at 10%-20% of total assets

Risk level: Medium, need to respond flexibly to market fluctuations.

Mid-term investment layout (1-6 months)

Trend Judgment: Mid-term optimistic about the long-term growth potential of BTC and ETH, but short-term may continue to fluctuate.

Configuration suggestion: BTC 70%, ETH 30%

Key points: Pay attention to important global economic data and policy changes.

Scenario Analysis:

Bull market: can increase positions

Bear Market: Reduce risk exposure, consider hedging strategies

Conclusion

On August 29, BTC and ETH oscillated around key support levels, with short-term direction still awaiting a breakout; meanwhile, altcoins such as ELIZASOL, LAUNCHCOIN3L, and HNB have become the focus of capital pursuit. For investors, controlling positions, strictly adhering to stop losses, and flexibly responding with a combination of short- to mid-term strategies will be the core survival rules in the current market environment.