#Bitcoin❗ broke the support LVL at $116k (no conformation y | Ahad_Rajpoot on Binance Square

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#Bitcoin❗  broke the support LVL at $116k (no conformation yet), but the next big support sitting at $112k.

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Probabilities of cutting rates in September dropped to 75% on friday after Powel speach it was 91%. #FOMCMinutes

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$ETH Is Boom Ethreum Upcoming ATH

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TOMORROW is a really big day because: > Fed Chair Powell speaks at 14:00 UTC If he is positive towards cutting the rates, I think the market will pump. If he is bearish and the odds of cutting rates in September drop, then $BTC will drop too. Currently, the price needs to bounce from the $112k support level. If it does not bounce, it will be super bad because my targets are $110k and $100k. The worst thing would be if BTC does not follow M2 money supply. But if it bounces from $112k, then it's confirmation of following M2, and targets like $140k in September/October are real.

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Across all timeframes, $ETH traders are heavily long: > 5 min – 1h: 73% long vs 27% short (ratio ~2.7) > 4h: 73.5% long vs 26.5% short (ratio 2.78) > 1 day: 72.7% long vs 27.3% short (ratio 2.66) The market is extremely skewed to longs right now, which shows strong bullish sentiment. But keep in mindwhen positioning becomes this one-sided, the risk of long squeezes also increases. Traders are betting hard on continuation, but crowded positions can flip fast. Stay cautious. #ETHInstitutionalFlows

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