On the evening of August 5th, the Crypto Assets market continued to fluctuate. Bitcoin showed a downward trend in the morning, hitting a low of around $113,600, followed by a slight rebound, which at one point climbed to near $115,000 in the evening. However, this rise did not last, and the price fell back to around $113,400. Currently, Bitcoin is hovering around $114,000.

From a technical perspective, the hourly chart shows that Bitcoin has fallen below the middle band of the Bollinger Bands and is currently moving towards the lower band. The KDJ indicator's three lines are showing a downward trend, indicating the formation of a death cross. The MACD indicator shows that the downward momentum is gradually increasing, and these technical signals provide a basis for a possible further decline in the short term.

At the same time, Ethereum is also facing downward pressure. Market participants should closely monitor the resistance level in the range of $3,650 to $3,680. If the breakout fails, it may fall back to around $3,600 or even $3,570.

Overall, in the current market environment, investors should maintain a cautious attitude and closely monitor the performance of key support and resistance levels. At the same time, they should also pay attention to the potential impact of global macroeconomic conditions and regulatory policy changes on the crypto assets market. Before making any trading decisions, it is recommended that investors conduct a comprehensive risk assessment and develop appropriate risk management strategies.