Bitcoin is making a strong recovery today, with BTC reclaiming the $80,000 level as market sentiment turns more bullish. The broader crypto market is also moving higher, with Ethereum, XRP and other major assets gaining. (Seeking Alpha)
📈 What is driving the rally?
The main catalyst is the latest message from Federal Reserve Governor Christopher Waller.
Waller said that if upcoming inflation data continues to show improvement, he would be inclined to support keeping interest rates unchanged at the September 15–16 FOMC meeting. This reduced some market fears of another rate hike and boosted risk assets, including crypto. (Federal Reserve)
⚠️ But the rally is not risk-free
The next major catalyst is the U.S. jobs report on Friday, followed by the August CPI report on September 11. Waller made it clear that a hotter-than-expected inflation report could bring the possibility of a September rate hike back into focus. (Federal Reserve)
🔥 Key levels for BTC
$80K → Major psychological level $82K–$83K → Important resistance zone $90K → Potential upside target if bullish momentum continues
For now, the market is reacting positively to the possibility of a Fed pause, but traders should remain cautious until the jobs and CPI data confirm the trend.
Bullish sentiment is returning — but macro data will decide whether this is a real breakout or just a short-term relief rally.
As the market shows resilience it show the potential of higher points that it could get like if tomorrow’s news will be good for market it would be a sign for it guys so buy and hold
A confirmed breakout above $2.40 with strong volume could signal another bullish leg. However, rejection around $2.35–$2.40 could trigger a pullback toward $2.20.
📈 Bias: Cautiously bullish while AR holds above $2.18–$2.20.
Watch volume closely — the next major move could depend on whether buyers can break the $2.40 resistance.
Bitcoin is currently trading around $77.6K, showing a recovery from the $76.3K–$76.5K support zone. The market remains neutral with a slight bullish bias, but volatility could increase significantly today.
🔑 Key Market Drivers Today:
🇺🇸 1. Federal Reserve Rate Expectations Markets are increasingly pricing in the possibility of a 25 bps rate hike in September. Higher rate expectations can put pressure on Bitcoin and risk assets.
📉 2. U.S. Jobless Claims Today’s Initial Jobless Claims data could influence expectations for the Fed’s next decision. A weaker labor market could support crypto, while stronger employment data could increase rate-hike concerns.
🏭 3. ISM Services PMI The U.S. Services PMI is another major data point today. A stronger-than-expected reading could strengthen the dollar and pressure crypto, while a weaker reading could support risk assets.
🔥 4. NFP Tomorrow Friday’s U.S. Nonfarm Payrolls (NFP) report is likely to be the biggest macro catalyst of the week. Traders should expect higher volatility around the release.
🛢️ 5. Oil & Geopolitical Risks Elevated oil prices and geopolitical tensions remain important because higher energy prices can increase inflation expectations and influence Fed policy.
📈 BTC Technical Levels
• Support: $76.3K–$76.5K • Resistance: $78K • Major resistance: $80K
A confirmed break and close above $78K could open the way toward $79.5K–$80K.
However, losing $76.3K could expose BTC to $75K and potentially $73K–$74K.
⚠️ Bottom line: The market is at a critical level. Today’s U.S. economic data and tomorrow’s NFP could determine the next major move. Traders should manage risk carefully and avoid excessive leverage before the data releases. VALY007
$EGLD 🚀 EGLD Breakout: Can MultiversX Reach $6 Next?
EGLD is making a strong move as bullish momentum returns to MultiversX. After breaking above the $4 zone, bulls are now testing the $5.30–$5.50 resistance area.
If EGLD breaks $5.50 with strong volume, $6.00 could become the next psychological target. However, RSI is already in overbought territory, so a short-term pullback should not be surprising.
The upcoming Supernova upgrade could become another important catalyst for EGLD.
Key levels: $5.50 resistance | $5.00 support | $4.30 major support.
🚀 BULLISH SCENARIO: If STX breaks above $0.270 with strong volume and holds the breakout, the next zones to watch are:
🎯 $0.280 🎯 $0.290 🎯 $0.300
📉 BEARISH SCENARIO: If STX is rejected around $0.265–$0.270 and loses $0.246, the bullish structure could weaken and price may revisit the $0.235–$0.240 area.
🔥 MY VIEW: STX is approaching a critical decision zone. The $0.270 breakout is the key confirmation for bulls.
$ARB 🚀 ARB (Arbitrum) Technical Analysis — Is ARB Preparing for Another Leg Up?
ARB has made a powerful recovery from the $0.07 area and is now approaching a major resistance zone.
📊 TECHNICAL SETUP:
🟢 Short-Term Trend: Bullish 📈 Momentum: Improving 📊 RSI: Neutral — room for further upside
🎯 KEY LEVELS:
Support: $0.085–$0.090 Key Support: $0.098–$0.102
Resistance: $0.117–$0.120 Major Resistance: $0.124–$0.125
🚀 BULLISH SCENARIO: A strong daily close above $0.125 with rising volume could confirm a major breakout.
Potential upside zones: 🎯 $0.135 🎯 $0.150
📉 BEARISH SCENARIO: If ARB fails to break the $0.117–$0.125 resistance zone and falls below $0.098, a deeper pullback could develop toward $0.090 or even $0.085.
🔥 My view: ARB is technically improving, but $0.117–$0.125 is the key battle zone. I would watch volume and the daily close before calling a confirmed breakout.
⚠️ RSI(14): ~89 This indicates extremely strong momentum, but also a heavily overbought market.
🎯 KEY LEVELS:
Support: $0.00405–$0.00415 Major Support: $0.00390–$0.00400
Resistance: $0.00475–$0.00480
🚀 BULLISH SCENARIO: A clean breakout above $0.00480 with strong volume could signal another continuation move.
📉 PULLBACK SCENARIO: Because RSI is extremely overbought, ANKR could consolidate or retrace before attempting another breakout. Holding $0.00405–$0.00415 would keep the short-term bullish structure intact.
🔥 My view: Short-term trend = BULLISH 🟢 Momentum = VERY STRONG 🚀 Risk of pullback = HIGH ⚠️
Would you chase ANKR here, or wait for a better entry?
🚀 BULLISH SCENARIO: If HIVE breaks and holds above $0.0434 with increasing volume, the short-term bullish structure could strengthen and open the way for higher resistance levels.
📉 BEARISH SCENARIO: If HIVE loses the $0.0424 support zone, the current short-term bullish setup could weaken and trigger another pullback.
⚠️ The weekly timeframe is still bearish, so this is currently a short-term bullish setup rather than a confirmed long-term reversal.
Would you trade the breakout or wait for a pullback?
Support: $0.0250–$0.0255 Major Support: $0.0212–$0.0217
Resistance: $0.0287–$0.0310 Next Target Zone: $0.0365–$0.0370
🚀 BULLISH SCENARIO: If MUBARAK breaks $0.0310 with strong volume and holds above it, the next major area to watch is around $0.0367.
📉 BEARISH SCENARIO: Failure to break $0.0300–$0.0310 could trigger profit-taking. A loss of $0.0217 would weaken the bullish setup and could expose the $0.0166 area.
⚠️ MUBARAK is extremely volatile. Don’t chase a vertical candle—confirmation and risk management are important.
🎯 Key Levels: Support: $0.0130–$0.0140 Major Support: $0.0114–$0.0120
Resistance: $0.0165–$0.0180 Major Resistance: $0.0215–$0.0225
🚀 Bullish scenario: A strong breakout and daily close above $0.018 could open the door toward $0.0215–$0.0225.
📉 Bearish scenario: If HEMI loses $0.0130, a deeper pullback toward $0.0115–$0.0120 becomes possible.
⚠️ RSI is already above 70, so chasing the price after a strong rally carries higher risk. Waiting for confirmation or a healthy pullback may offer a better risk/reward setup.
$HEMI 🔥 HEMI (HEMI) Technical Analysis — Bullish Trend, But Watch the Pullback
HEMI is currently trading around $0.0145 after an impressive multi-week recovery. The token has gained more than 200% over the past 30 days, showing strong momentum and rising market participation.
🎯 Key levels to watch: Support: $0.0130–$0.0140 Major support: $0.0115–$0.0120 Resistance: $0.0165–$0.0180 Major resistance: $0.0215–$0.0225
If HEMI can reclaim and hold above $0.0165–$0.0180 with strong volume, another move toward $0.0215–$0.0225 could become possible.
However, with RSI already above 70, chasing the price after a huge rally carries higher risk. A pullback toward the $0.013–$0.014 area could provide a healthier setup if support holds.
📌 My view: Short-term bullish, but a consolidation/pullback would be healthy before another potential leg higher.
What do you think — 🚀 continuation or 📉 correction first?