HashKey trading moment: Bitcoin's trading volume gap of $110000 to $112000 needs to be filled, while Ethereum's stability of $4100 is the key to bullish sentiment On Monday, the Chinese A-share market performed strongly, with the Shanghai Composite Index hitting a nearly ten-year high of 3731.69 points. The trading volume of the two markets exceeded 1.5 trillion yuan for the tenth consecutive trading day, and the Hong Kong stock market also rose synchronously. At the same time, international geopolitical risks are intensifying, and US President Trump is pressuring Ukraine to accept a peace agreement. He has met with Russian President Putin in Alaska to discuss a plan to exchange some territory for peace, but the plan faces doubts and opposition from Ukraine and its European allies. In this context, everyone's attention is focused on Federal Reserve Chairman Powell's speech at Jackson Hole this week. In the cryptocurrency market, Jeffrey Ding, Chief Analyst at HashKey, pointed out that the recent synchronized decline of Bitcoin and Ethereum highlights the dual pressures of macro and financial factors. Specifically for Bitcoin, its price fell to around the opening price of $115700 at the beginning of the month. Technical analyst Zia ul Haque pointed out that as Bitcoin rose from $98000 to $124000, a huge trading volume gap was formed between $110000 and $112000, and the market usually tends to replenish such inefficient areas. In terms of Ethereum, analysts generally believe that it still has huge upward potential after experiencing a pullback. Mechanism Capital co-founder Andrew Kang predicts that ETH may soon face large-scale liquidation, with prices potentially falling to the $3200 to $3600 range. BTC Medium to Long Term Trend Channel: Along the Upper Line ($118950.12), Along the Lower Line ($116594.67) ETH Medium to Long Term Trend Channel: Along the Upper Line ($4321.81), Along the Lower Line ($4236.23) By @HashKeyExchange & @PANewsCN