According to Miles Deutscher, August data suggests heightened volatility and potential declines in the crypto market, signaling a challenging period for traders. However, Deutscher emphasizes that this environment could offer substantial trading opportunities rather than reasons for panic. He details specific trading strategies and setups in his latest market update, highlighting the importance of adaptive risk management during periods of expected volatility. Traders are advised to closely monitor market movements and adjust their positions accordingly, as substantial price swings could impact BTC, ETH, and other major cryptocurrencies (Source: @milesdeutscher).