🌙 Good evening! Btc holds above 78k.. and the markets are gearing up for a critical week!
Peace be upon you! 🔥
We close on Monday with a session full of volatility, while Btc remains strong despite pressure from global stock markets.
🟢 Digital currencies
BTC is currently trading near 78,850 after touching around 79,600 on the chart.
📊 Key levels:
🔴 79.6K — the most prominent resistance
🔴 79.2K — nearby resistance
🟢 78.4K — first support
🟢 77.74K — important pivot
🟢 76.8K — strong support
A breakout of 79.6K and holding above it could open the way for an attempt at 80K.
Meanwhile, losing 77.74K may increase the likelihood of a move back toward 76.8K.
🐋 Whales are moving
A whale deposited 8m Usdc on Hyperliquid, then opened long positions worth 71.8m on Btc and ETH, including 600 Btc at 78,032 and 10,000 Eth at 2,479.
📉 Asian stocks under pressure
Asian markets saw a red session, with KOSPI down by more than 3% and heavy pressure on technology stocks, while AliBaba and Samsung shares fell sharply. Concerns are focused on valuations in the AI sector, and on waiting for Nvidia’s results.
🔥 And this week is packed with catalysts:
💻 Nvidia — Wednesday: quarterly results.
📊 PCE — Wednesday: the most important expected inflation data.
🏦 Jackson Hole — Thursday to Saturday: markets are watching for signals from the Fed’s chief, Kevin Warsh, about interest rates.
🛢️ Oil is also under the microscope
Oil fell amid anticipation of details on new U.S. sanctions on Iran, while any geopolitical escalation could quickly reverse price action.
$BTC
$ETH
#Binance
Peace be upon you! 🔥
We close on Monday with a session full of volatility, while Btc remains strong despite pressure from global stock markets.
🟢 Digital currencies
BTC is currently trading near 78,850 after touching around 79,600 on the chart.
📊 Key levels:
🔴 79.6K — the most prominent resistance
🔴 79.2K — nearby resistance
🟢 78.4K — first support
🟢 77.74K — important pivot
🟢 76.8K — strong support
A breakout of 79.6K and holding above it could open the way for an attempt at 80K.
Meanwhile, losing 77.74K may increase the likelihood of a move back toward 76.8K.
🐋 Whales are moving
A whale deposited 8m Usdc on Hyperliquid, then opened long positions worth 71.8m on Btc and ETH, including 600 Btc at 78,032 and 10,000 Eth at 2,479.
📉 Asian stocks under pressure
Asian markets saw a red session, with KOSPI down by more than 3% and heavy pressure on technology stocks, while AliBaba and Samsung shares fell sharply. Concerns are focused on valuations in the AI sector, and on waiting for Nvidia’s results.
🔥 And this week is packed with catalysts:
💻 Nvidia — Wednesday: quarterly results.
📊 PCE — Wednesday: the most important expected inflation data.
🏦 Jackson Hole — Thursday to Saturday: markets are watching for signals from the Fed’s chief, Kevin Warsh, about interest rates.
🛢️ Oil is also under the microscope
Oil fell amid anticipation of details on new U.S. sanctions on Iran, while any geopolitical escalation could quickly reverse price action.
$BTC
$ETH
#Binance
