Creator039

No, I will arrive at 1840 in the evening

1774 is my take-profit point for the short position

Bitcoin
The rise in BTC’s price could be a result of the expected rate cut factor, alleviating market concerns.
The main reason for the rise in cryptocurrency prices is the certainty of the Fed’s rate cut. The probability of a rate cut by the Fed in September is 98%.
The rise in Bitcoin’s price comes after a period of pressure. Earlier this month, it fell to a low of around $54,000. Although Bitcoin is currently only up around 3% on a monthly basis, it has risen by more than 18% in the past two weeks.

Altcoins rebounded strongly yesterday
The leaders of the gains were memecoins $BONK and MOG, which rose by 20% and 15% respectively. On a weekly basis, the profits of both projects were as high as 40%.
$AR and $SEI were also outstanding altcoins on the day, rising by more than 10%.

Ethereum #ETH

The bulls continue to try again to push the price above $3,500. However, after hitting a local peak at $3,540, the momentum faded and ETH is currently back around $3,485.

In the short-term four hours, the boll began to close, and the price maintained support near the mid-track. If the subsequent support of 63800 falls below, there may be a large room for decline, and the price may go to test around 61800-62300. In the past hour, the price has been in the downward channel for a long time. The high level is suppressed near 64800, and the bottom support is focused on the 63300 line. In the follow-up operation, it is recommended to maintain the callback layout mainly with long orders. Yesterday's aggressive long orders can also be continued to hold and watch for suppression at 65200.
The short-term four-hour upper boll closed, and the price moved around the middle track. If the subsequent price does not gain firm support at the 3400 line and rises, the price will remain in the downward channel. In the future, it is recommended to pay attention to the support strength of the 3250-3280 line. For the follow-up operations of Ethereum, it is recommended to still maintain the callback layout and focus on long orders. Yesterday's aggressive long orders can also be continued to hold and watch for suppression at 3450. $BTC $ETH

66,000 is where the bears are fleeing. When the long-short ratio returns to normal, it is the moment of peaking. Another high point will be enough.

short liquidation point
BTC:
65639, 66117, 66600, 67073, 67551

ETH
3484, 3512, 3540, 3569, 3600

Long liquidation point:
BTC
64205, 63727, 63250, 62771, 62300

ETH:
3427, 3399, 3370, 3342, 3314

$BTC $ETH $ICP

#ICP Will it rise to 20 this week?
$BTC $ETH