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Zio Crypto
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๐ JUST IN :
Bitcoin
hits $118,000 ๐
#BTC
#crypto
#bitcoinnewsupdate
#CryptoNewss
#Investing
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Zio Crypto
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The current dump looks healthy. As $BTC & $ETH went for ATHs, a lot of leveraged longs were opened. When the marketโs overheated, a logical reaction is to sweep overleveraged longs. Look at my earlier charts today, you see BTC & ETH are holding key levels. Bought the dip. ๐ค
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$BTC crashed hard Market is red following PPI bearish report. US PPI hits 3.3% in July, biggest monthly rise since June 2022.
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$ETH futures just exploded! CME Ethereum futures volume smashed a record $118B in July bulls are back in full force. Huge activity signals renewed market frenzy Traders piling in, liquidity surging Momentum building for potential breakout moves Iโm watching $ETH closely this heat isnโt cooling down anytime soon.
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Thereโs now a 100% chance of rate cuts in September. YOUโRE NOT BULLISH ENOUGH!
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REMINDER ๐จ ๐บ๐ธ PPI, CORE PPI AND INITIAL JOBLESS CLAIMS DATA WILL BE RELEASED IN 3.5 HOURS, ( 8:30AM ET ) EXPECT HIGH VOLATILITY!
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