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bullornothing
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Bullish
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Michigan Consumer Sentiment (Prel.) came in lower than forecast โ 58.2 vs. 62 expected.
Weaker USD = bullish signal for crypto.
The impact is usually smaller than CPI or PPI, but worth watching for short-term moves.๐
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bullornothing
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โณ Only 30 minutes left until the FOMC minutes release! Letโs see if the bulls can take the stage this time ๐๐ฅ #FOMCMinutes #crypto #bitcoin
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Whatโs going on with Bitcoin in the last 6 days? Is there a chance to change the trend? On August 14th, BTC hit its ATH โ which triggered heavy profit-taking and pushed the price down. ๐ 1H timeframe shows a clear resistance trendline. Since ATH, price tried to break it 3 times but failed. Support around $112K is holding well, but soon there will be a moment of choice. If my prediction is correct, on Aug 22nd around 4 AM (UTC) the support trendline and resistance trendline will cross. If nothing changes before then, we could see a big move โ either a breakout to the upside or another strong leg down. For now, selling pressure still dominates, but I think this correction could be setting the stage for another big push upward. ๐ Technical view Daily timeframe EMA 100 sits at $110,525 โ could act as strong support to stop the bearish structure. EMA 20/50 remain above the price โ which increases the risk of losing the $112K support and testing EMA 100 or even the $110K zone. 1H timeframe All major EMAs (20/50/100) are above the price โ not a good setup for bulls at the moment. โก Todayโs FOMC Minutes could be the catalyst: A dovish tone โ chance for bulls to flip the trend. A hawkish tone โ selling pressure likely continues. What do you think โ is this consolidation before a bigger move up, or are we heading deeper into the downtrend? Not financial advice, just sharing my thoughts as I learn. I could be wrong โ always make your own research #FOMCMinutes #bitcoin $BTC
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Today at 18:00 UTC - FOMC minutes! Thereโs still some time to go, but todayโs FOMC minutes could shake up the market. Soโฆ we wait ๐ Iโll be posting about 30 minutes before the release โ letโs hope for some good news. Bulls, itโs your time to shine! ๐๐ฅ #FOMCMinutes #crypto #bitcoin
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Is this the last bastion for PROVE token? Strong selling pressure is raising doubts about the possibility of a bullish breakout. ๐ Technical view Daily timeframe โญ Fair Value Gap (FVG) formed between Aug 8โ10, with mid-zone support at $1.202. Hourly timeframe โญ RSI around 26 (oversold) โ potential for a short-term bounce. ๐ข Candles are showing increasing lower wicks โ a sign of active buyer defense. โ All major EMAs (20/50/100/200) remain above the price โ bearish structure still intact. The $1.202 support zone may be the final line before deeper downside โ or the springboard for a rebound. The last candle closed above support with a long lower wick, which theoretically suggests a potential bounce due to a possible hammer pattern (a bullish reversal signal). However, Iโm waiting to see how price action develops in the near future before making any conclusions. #prove #Succinct $PROVE
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PPI Today โ 12:30 UTC CPI came in strong, and PPI often follows (though itโs not a rule), so now we wait for fresh PPI data. Todayโs PPI = data data < forecast โ negative signal for USD โ crypto likely to go up ๐ data > forecast โ positive signal for USD โ crypto likely to go down ๐ data = forecast โ neutral โ market likely stays in the same trend Donโt forget: today, 12:30 UTC โฐ #PPI #BTC #ETH #ETH5kNext? $BTC $ETH
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