The Brazilian Chamber of Deputies will discuss a bill aimed at establishing a national Bitcoin reserve on August 20, leading to an increase in policy expectations and boosting bullish sentiment.

Overall trend breaks through, completely abandoning the downward approach.

The market firmly stands at 115.37, and Bitcoin will return to the 115-120 range.

Meanwhile, Ethereum has stabilized, and this round may quickly surge past the 4000 mark.

In the afternoon, the market will revolve around 116 and 3780 for a reversal, with defense focused on the aforementioned stabilization turning point.