$BTC $ETC
Bitcoin (BTC): Bitcoin is currently around $78K–$79K and is consolidating after its recent recovery. The technical picture has improved: BTC recently formed a golden cross, where the 50-day moving average moves above the 200-day average, which is generally viewed as a bullish signal. �
Business Insider
The main short-term hurdle is $80K, followed by the $83K–$84K area. If BTC can break and hold above these levels, momentum could strengthen further. On the downside, the $77K area is important for maintaining the current recovery. �
Business Insider +1
Ethereum (ETH): Ethereum is around $2.47K after a strong rally. ETH gained about 37% over 10 days before entering a consolidation phase, forming what analysts describe as a bull flag. A successful breakout could potentially target the $3,050 region, while the $2,350–$2,360 area is an important support zone. �
Reuters
Together: Both BTC and ETH currently have a cautiously bullish technical setup, but the next major move may depend heavily on macroeconomic conditions. U.S. inflation data and the Federal Reserve's upcoming rate decision are particularly important because higher inflation or higher interest-rate expectations can pressure risk assets such as crypto. �
Reuters
Overall view: 📈 Bullish recovery, but not yet fully confirmed. BTC needs to reclaim the $80K–$84K region, while ETH needs to hold above roughly $2.35K and break higher from its consolidation. Expect volatility around the upcoming U.S. economic data. �
Reuters
*This is general market information, not a recommendation to buy or sell.*#USADPWeeklyEmploymentRises12000 #US10YTreasuryYieldHitsHighestSinceNov2023 #TSMCAugustRevenueUp53.3%YoY #USADPWeeklyEmploymentRises12000
Bitcoin (BTC): Bitcoin is currently around $78K–$79K and is consolidating after its recent recovery. The technical picture has improved: BTC recently formed a golden cross, where the 50-day moving average moves above the 200-day average, which is generally viewed as a bullish signal. �
Business Insider
The main short-term hurdle is $80K, followed by the $83K–$84K area. If BTC can break and hold above these levels, momentum could strengthen further. On the downside, the $77K area is important for maintaining the current recovery. �
Business Insider +1
Ethereum (ETH): Ethereum is around $2.47K after a strong rally. ETH gained about 37% over 10 days before entering a consolidation phase, forming what analysts describe as a bull flag. A successful breakout could potentially target the $3,050 region, while the $2,350–$2,360 area is an important support zone. �
Reuters
Together: Both BTC and ETH currently have a cautiously bullish technical setup, but the next major move may depend heavily on macroeconomic conditions. U.S. inflation data and the Federal Reserve's upcoming rate decision are particularly important because higher inflation or higher interest-rate expectations can pressure risk assets such as crypto. �
Reuters
Overall view: 📈 Bullish recovery, but not yet fully confirmed. BTC needs to reclaim the $80K–$84K region, while ETH needs to hold above roughly $2.35K and break higher from its consolidation. Expect volatility around the upcoming U.S. economic data. �
Reuters
*This is general market information, not a recommendation to buy or sell.*#USADPWeeklyEmploymentRises12000 #US10YTreasuryYieldHitsHighestSinceNov2023 #TSMCAugustRevenueUp53.3%YoY #USADPWeeklyEmploymentRises12000
