What! The pancake has been secretly made!
btc: The 4-hour MACD death cross continues, RSI (14) has fallen to the neutral zone of 50, and the narrowing Bollinger Bands indicate a risk of a trend change; the daily chart is forming a prototype of a 'descending triangle', if it falls below $114,500, it may accelerate the pullback.
Macroeconomic Pressure
Federal Reserve Policy: The probability of a rate cut in September has dropped to 85%, July PPI rose 0.9% month-on-month (above expectations), inflation fears have pushed up the dollar index, suppressing risk assets.
Geopolitical Risks: Uncertainty in Eastern Europe is heating up, safe-haven funds are flowing into gold, and cryptocurrencies are being sold off.
It still needs to fall to 1150! $BTC
