The current Crypto Assets market is showing signs of weakness, especially with Bitcoin performing poorly. In terms of short-term trends, the hourly chart of Bitcoin has been consistently falling, and market sentiment is generally pessimistic, with an increase in Trading Volume and intensified price Fluctuation. From a mid-term perspective, the four-hour chart is exhibiting a stepwise downward trend, with insufficient momentum accumulation and a continuously shifting oscillation center, potentially expanding the space for further falls.

For Bitcoin, it is recommended to pay attention to the resistance in the range of 117600-118000, with potential support targets around 116500. For Ethereum, it is recommended to focus on the resistance in the range of 4430-4460, with potential support targets around 4438.

It is worth noting that recent U.S. economic data has had a certain impact on the crypto assets market. The U.S. Producer Price Index (PPI) year-on-year for July was higher than expected, which may affect market expectations regarding inflation and monetary policy. At the same time, the Federal Reserve has canceled the innovative activity regulation plan, a decision that may impact the regulatory environment for the crypto assets industry.

Overall, the current Crypto Assets market is facing multiple pressures, and investors need to remain cautious and closely monitor market trends and changes in macroeconomic factors.