📢 Crypto Market Update — BTC, ETH & SOL
🪙 Bitcoin (BTC)
Weekly chart shows a small red candle, with a possible Lower High (LH) if the current high fails to break.
BTC is facing rejection around the 50 Weekly EMA.
A Golden Cross may form on the Daily chart soon, which could bring a short-term retracement before a stronger upside move.
Daily Head & Shoulders pattern is forming, while the Rising Wedge and Anchored VWAP have broken down, signaling bearish pressure.
Key support is around $75,700. If this level holds, low-leverage/Spot traders may consider gradual DCA Longs.
BTC ETFs recorded outflows on August 28 after roughly 9–10 days of inflows, adding short-term selling pressure.
💎 Ethereum (ETH)
ETH’s Triangle pattern has broken to the downside, indicating bearish pressure.
☀️ Solana (SOL)
SOL is holding its channel support and remains relatively bullish.
A Short setup becomes stronger only if channel support + $97.2 break on a 1H candle.
If SOL reaches these levels and a Bullish Divergence appears on lower timeframes, it could create a potential Long opportunity.
⚠️ Overall: BTC and ETH currently show bearish/weak signals, while SOL remains comparatively stronger as long as its key support holds.
$BTC #ETH #sol
🪙 Bitcoin (BTC)
Weekly chart shows a small red candle, with a possible Lower High (LH) if the current high fails to break.
BTC is facing rejection around the 50 Weekly EMA.
A Golden Cross may form on the Daily chart soon, which could bring a short-term retracement before a stronger upside move.
Daily Head & Shoulders pattern is forming, while the Rising Wedge and Anchored VWAP have broken down, signaling bearish pressure.
Key support is around $75,700. If this level holds, low-leverage/Spot traders may consider gradual DCA Longs.
BTC ETFs recorded outflows on August 28 after roughly 9–10 days of inflows, adding short-term selling pressure.
💎 Ethereum (ETH)
ETH’s Triangle pattern has broken to the downside, indicating bearish pressure.
☀️ Solana (SOL)
SOL is holding its channel support and remains relatively bullish.
A Short setup becomes stronger only if channel support + $97.2 break on a 1H candle.
If SOL reaches these levels and a Bullish Divergence appears on lower timeframes, it could create a potential Long opportunity.
⚠️ Overall: BTC and ETH currently show bearish/weak signals, while SOL remains comparatively stronger as long as its key support holds.
$BTC #ETH #sol
