Bitcoin ($BTC ) was rejected at $64K right around the February 24 rebound level, with bearish divergence continuing to build. Around 50,000 #BTC a day is flowing onto exchanges, suggesting some whales are taking profits and distributing their holdings.
Ethereum ($ETH ) has also been rejected at its 50-day EMA. The recent bounce is still intact, but a few warning signs are starting to stack up.
🌍 **Macro Watch**
The US dollar continues to strengthen.
Markets will be watching the FOMC minutes on Wednesday, while CPI data is due later this month. OPEC+ has announced its fifth production hike, with oil holding around $70. That should support the disinflation narrative, but so far markets haven't paid much attention.
This could be a pivotal week for risk assets.
🔹 **Altcoin Update**
Ethereum has unveiled its biggest roadmap update since the Merge, with quantum resistance and privacy now key development priorities.
Solana $SOL ) remains one of the stronger charts despite its recent rejection, with trading volumes staying healthy and the overall structure still looking constructive.
⚠️ **What to Watch**
Bitcoin is sitting around $62K.
A move back above the 21-day EMA would keep the bullish momentum alive. If it gets rejected again, a retest of the $59K area looks increasingly likely. #btcprices
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Thank you Binance, from the 5th of last month to today, September 12th, all in real trading! One month and 7 days, 1,000,000 USD grew to 4,000,000 USD, thanks for witnessing all the way! I haven't sent a red envelope, but I'll try sending 10,000 USD to see how this function works. If it's good, I'll send more in the future!
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