$BTC closed below pivot line.
Bears have taken control, and we may see further downside pressure. A retest of lower support levels is now more likely.
Keep an eye out on $52,000 then $49,000 again.
$ETH Update
Ethereum is trying to break through but is struggling. Bullish wedge with sideways consolidation, but time is running out.
Will it move up, or test the recent low?
$BTC update
Bitcoin is right under the pivot line. Can it break through?
Jerome Powell sparked a small pop, but if we see a rejection today or this weekend, a move to the downside is likely. Watch closely.
$ETH Update
Ethereum is trying to break through but is struggling. Bullish wedge with sideways consolidation, but time is running out.
Will it move up, or test the recent low?
$BTC update
Bitcoin is right under the pivot line. Can it break through?
Jerome Powell sparked a small pop, but if we see a rejection today or this weekend, a move to the downside is likely. Watch closely.
$BTC Update
Closed below $60,000 yesterday, failing to confirm the August 8th breakout.
Despite a minor uptick today, the market bias remains negative, with the $49,000 zone at risk of being retested.
The $SPY jumped 1.5% at the open, but is now pulling back and showing signs of weakness.
Should global equities keep selling off, the crypto market will likely face more pressure, possibly leading to a long bear market.
$BTC update
If we close above $53,000, it could be bullish for Bitcoin and the broader crypto market.
Falling below this zone might push us to retest the $49,000 level.
On the upside, $60,000 is the next resistance area. There could be potential for a short, but let's observe how it develops.
$BTC crashed to $49,000, with $44,500 being the next support level. What a crazy drop!
Might be a good opportunity to open small long positions if it returns to $49,000 and breaks through.
$BTC crashed to $49,000, with $44,500 being the next support level. What a crazy drop!
Might be a good opportunity to open small long positions if it returns to $49,000 and breaks through.
$BTC Update
Currently under a key level. Monitor today's close and the weekend price action.
If we remain under this line and confirm, a fall to $55,000 could be next.
Chipmakers are struggling again.
The trend continues with investors moving away from major tech stocks and toward smaller ones, questioning the value of large-scale AI spending.