HTX DeepThink: Unexpected inflation is suppressing BTC's upward momentum, and Altcoin are limited by lack of financial support.

Mars Finance News, on August 19, a HTX DeepThink columnist and HTX Research researcher Chloe (@ChloeTalk1) pointed out that last week, Bitcoin once surged to a historical high of $123,640, but after the US inflation data was released beyond expectations, market risk appetite significantly decreased, and BTC subsequently dropped sharply, with a weekly decline of 5.4%. Currently, Bitcoin's price is consolidating between its historical high and local low point, showing high sensitivity to macroeconomic signals. Before the Federal Reserve releases further easing signals or ETF records significant capital inflows, the price trend is likely to remain range-bound. In the short term, Bitcoin's first resistance level is around $120,250, with strong resistance concentrated in the $122,000–$123,218 range; the lower support is at $114,200, and if breached, it may further test the $111,980–$110,530 area. The market is expected to be mainly oscillating downward in the coming week, with potential technical rebounds near key support levels. Ethereum continued its upward momentum, rising from $1,386 in April to $4,783 last week, approaching the 2021 peak of $4,864, showing strong performance in the short term. This trend drove market funds towards high-risk assets, with Bitcoin's dominance declining from 65% to 59% in two months. However, due to the lack of structural capital inflows, Altcoins' gains are difficult to sustain, and market volatility has significantly increased. Overall, despite active speculative interest, the entire market remains at a critical turning point under the background of insufficient macroeconomic capital entry.