BTC hits historical high! ETH leads altcoins, Technical Analysis of nine major assets on August 12.

On August 11, Bitcoin (BTC) once broke through $122,000, just a step away from the historical high of $123,218. Although short positions defended at high levels, the strong inflow of institutional funds (with ETF net inflows exceeding $90 million in a single day, reaching $280 million and $400 million in the following two days) continued to drive bullish market sentiment.

Ethereum (ETH) leads the altcoins, reaching $4,227, with mainstream and popular tokens like XRP, SOL, DOGE, ADA, and HYPE also showing an active trend. Below is the latest technical analysis and key price levels for SPX, DXY, BTC, ETH, XRP, SOL, DOGE, ADA, and HYPE.

SPX Technical Analysis

(Source: Trading View)

Market Overview: After breaking below the 20-day SMA (6,331 points) on August 1, it quickly recovered on August 4.

Upward target: Breaking through 6,427 points will continue the pump, target 6,500–6,696 points.

Risk Signal: A break below the 20-day SMA or a drop to 6,147 points will be a short-term top warning.

DXY Technical Analysis

(Source: Trading View)

Support area: 97.94 is key, a loss may test the range of 97.10–96.37.

Upside condition: A breakthrough of 99.32 is needed to reverse the short positions advantage and further challenge 100.54–102.

BTC Technical Analysis

(Source: Trading View)

Current price range: Reached $122,335 after breaking through the downtrend line.

Upside target: If it breaks through the historical high of 123,218 USD, it could directly aim for 135,000 USD.

Risk signal: Falling below the 20-day SMA (116,795 USD) may lead to a consolidation range of 111,920–123,218 USD.

ETH Technical Analysis

(Source: Trading View)

Recent Breakthrough: On August 8, it broke through 3,745 USD, and on August 10, it stood at the resistance of 4,094 USD.

Upside target: Holding above $4,094 may challenge $4,868.

Risk signal: A drop below the 20-day SMA ($3,793) will weaken bullish momentum, and losing $3,350 could lead to a short-term reversal.

XRP Technical Analysis

(Source: Trading View)

Support and Resistance: Encountered resistance at $3.38 after breaking through $3.10.

Upside target: A breakthrough at 3.38 USD could reach 3.66 USD or even 4–4.50 USD.

Risk signal: A drop below the 20-day SMA may test $2.81.

SOL Technical Analysis

(Source: Trading View)

Current price status: fluctuating near the 20-day SMA ($176), with $185 as a key resistance.

Upside target: breaking through 185 USD is expected to challenge 195–209 USD.

Risk signal: A drop below the 20-day SMA could fall back to the support zone of 166–155 USD.

DOGE Technical Analysis

(Source: Trading View)

Resistance and support: Heavy pressure above $0.26, with $0.22 as short-term support.

Upward target: A breakthrough of 0.25 dollars is expected to hit 0.29 dollars.

Risk signal: If it breaks below $0.19, it may fall back to $0.16–$0.14.

ADA Technical Analysis

(Source: Trading View)

Current price status: Backtesting after breaking through the 20-day SMA at $0.77.

Upside target: A breakout above 0.86 USD will open up space for 0.94 USD.

Risk signal: A drop below $0.77 may retest $0.71.

HYPE Technical Analysis

(Source: Trading View)

Shape observation: Located on the support line of the rising channel, in a tug-of-war between bulls and bears.

Upside target: Supporting the rebound and breaking through the moving average is expected to reach 50–62.50 USD.

Risk signal: If it breaks below the moving average, it may drop to 35.50 USD.

Conclusion

Overall, the strong performance of BTC and ETH continues to drive market sentiment. If BTC breaks through its historical high and ETH holds key support, the altcoin sector is expected to sustain upward momentum. However, in the short term, some assets are already approaching resistance levels, and investors should pay attention to the risk of a pullback, as well as the impact of U.S. macro data and institutional capital flows on the market.