$BTC Closed slightly below the 4H 200MA/EMA but stalling here.
Today should make it clear where this is headed. $64K area is the main pivot level with a lot of confluence around here. Quite a few alts still looking decent & strong so that's where my focus is primarily.
CPI tomorrow as well so that will definitely make things interesting in terms of volatility. #BTC #BTC Price Analysis# #BingX #What is your Bitcoin Price Prediction?#
One thing I think traders should understand before exploring TradFi markets: CFDs aren’t the same as owning the underlying asset.
You’re trading the price movement, which can make markets like forex, indices, and commodities more accessible. But leverage also means losses can be amplified.
$67K was both the June and July High and needs to be broken to get the upside momentum going.
Until then, the $60K high timeframe range low is the big invalidation point for any relief or bounce. But as a bull you wouldn't even want to see BTC go back there honestly.
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$ETH Has been doing its thing and holding on to this current price range.
But the level to break and hold is $1950. That would open the door to a move above $2.1K+
Especially seeing how compressed price has been here, a breakout (to either side) should come with a decent squeeze of positions that are caught offside.
Around 910M shares are expected to unlock from Aug. 6 roughly 1.43x the current free float. That doesn’t automatically mean selling, but it’s a major change in the amount of stock that could enter the market.
For me, the key thing to watch is how demand handles that extra supply.
$SOL has bounced strongly from the $71 reversal zone and is now trading near $77. If bullish momentum continues, the next key test sits around $78.45, with a breakout potentially opening the door for further upside. Meanwhile Another one added to the BingX watchlist: $DOS
$DOS/USDT is now available on BingX Perpetual Futures, giving traders another market to follow and analyze.
Lots of confluence with a lot of levels that would determine where the momentum is headed in the short to mid term.
🔸.382 Fib Retracement level from August move 🔸4H 200MA & EMA 🔸Monthly VWAP 🔸Highest volume area from past weeks 🔸Weekly 200MA at $64K as well
So good area to watch today. Below $64K and I think the bears will take control of this week's price action.
Most interesting is still to play alts that are more unbothered by BTC the past few weeks. Definitely some decent runs while BTC has been chopping around.
$BTC Saylor might be selling some coins here and there, but spot ETFs have been a net buyer recently. That is after the massive outflows it saw during May and June.
Last week alone, $BTC took in +$800M in inflows and $ETH took in about +$240M. #ETH #BTC #Macro Insights# #BingX #What is your Bitcoin Price Prediction?#
Been seeing some decent spot ETF flows for $BTC & $ETH this week.
Big change from the massive outflows we saw some weeks ago. After the outflows stopped, we had a few weeks of flat flows which now seem to be turning into the positive.
With the market seemingly unbothered by the relatively small sales from Saylor, this is an interesting spot.
I'd still like to see acceptance above $67K and $1950 for $BTC & $ETH though. But I think it's good to watch closely and act when we see a convincing break.
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$BTC Above $67K things get exciting. From there on out you have $69K-$72K which is full of big high timeframe daily and weekly levels and moving averages.
But until $67K is broken, we are just chopping sideways. Right now the market has been stuck between ~$62K-$65K for most of last month.
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