Recently, the crypto assets market has experienced increased fluctuations, and well-known analyst Liang Qiu has provided unique insights into the short-term trends of Bitcoin and Ethereum. He pointed out that Bitcoin and Ethereum exhibited a "sharp rise and pullback" in recent trading, which may indicate that a pullback is imminent.

Liangqiu Analysis states that Bitcoin faces significant pressure near $120,000, while Ethereum hovers above $4,700. He advises investors to closely monitor these key price levels as they may become important turning points in the short term.

It is worth noting that Liangqiu believes there may be an overbought phenomenon in the current market, so there is still room for a pullback. He specifically reminds investors to pay attention to the support levels of Bitcoin at $117,400 and Ethereum at $4,455.

For the evening trading strategy, Liang Qiu provided specific advice. He believes that if the price of Bitcoin rebounds to the range of $119,300 to $119,800, a short position can be considered, with a target price around $117,500. For Ether, he suggests shorting in the range of $4,690 to $4,710, with a target price of approximately $4,580.

Liang Qiu emphasized that investors should closely monitor market trends and adjust their strategies in a timely manner based on the actual situation. He reminded that if there is a breakout of the trend, investors should quickly take appropriate measures.

Finally, it is worth mentioning that the U.S. Producer Price Index (PPI) for July exceeded expectations, and this macroeconomic data may have some impact on the Crypto Assets market, which investors should consider as one of the factors.