These patterns are quite neutral in this current environment so I would recommend to react to a break instead of trying to preposition.
Prepositioning is what cost many people a lot of money the past few weeks by getting chopped up. #BTC #BTC Price Analysis# #Macro Insights# #ETH #What is your Bitcoin Price Prediction?#
$GOLD exposure can mean very different things depending on how you trade.
CFDs, perpetual futures, and XAUT each come with different features and risks. I’d rather understand how each works before choosing one just because gold is trending.
$ETH Now caught between the $1750 and $2100 levels.
Both have acted as strong support & resistance levels over the past 2 years.
ETH seems kind of in the middle of nowhere here. The big trend is obviously still down. Now the question is whether it can push higher and attempt a break at that $2100 high timeframe level, or if this is just another lower high in the down trend.
Breaking back above $1750 was the first sign of strength I wanted to see. $2100 would be the next. #ETH #Macro Insights# #BTC #Altcoin Season#
$BTC & $ETH Chopping around sideways for well over a month now.
The moment this breaks, we see a big move following because compression like this causes a lot of positions to build up. So when we do see a break, the positions caught offside will generate a lot of fuel for that move.
$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.
#BTC Price Analysis# #BTC #ETH #BingX #What is your Bitcoin Price Prediction?#
$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.