⚔️ Crypto Titans Under Siege: $BTC, $ETH, $XRP Defend Key Levels
🔻 Macro Pressure
Last week’s US PPI rose 0.9% (vs 0.2% expected), fueling inflation fears. With this, the Fed is unlikely to cut rates by 50 bps in September — but CME FedWatch shows an 83% chance of a 25 bps cut. Risk sentiment remains weak.
📉 Market Derivatives
• Bitcoin Futures OI: $201.80B (down from $208.30B) → traders cashing out.
• Trade Volumes: $372.07B (up from $221.40B) → volume spike + OI drop = long liquidations / short covering.
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🔥 Bitcoin ($BTC)
• Price briefly dipped under $115K, testing the 50-day EMA.
• Holding above $115K keeps the door open for a push toward $120K.
• A reversal below $115K risks deeper downside.
🔥 Ethereum ($ETH)
• Down 0.50% today, extending Monday’s 3.56% slide.
• Rising channel support sits at $4,000 psychological level.
• Needs to reclaim $4,472 (Monday’s open) to regain momentum.
🔥 Ripple ($XRP)
• Testing key support: 50-day EMA + trendline + Fib 38.2% ($2.99).
• Breakdown risks a move toward $2.78 (Fib 50%) and $2.72 (100-day EMA).
• Bounce from here could fuel a retest of $3.34.
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📊 Summary
Crypto majors are under heavy selling pressure as macro headwinds and liquidations weigh. Bulls must defend key EMAs and psychological levels, or further downside awaits.
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