⚔️ Crypto Titans Under Pressure: $BTC, $ETH, $XRP at Critical Levels
The crypto market faces a risk-off environment as major assets test crucial supports.
🔹 Bitcoin (BTC)
Holding just above $115,000, aligned with the 50-day EMA.
A rebound could open the path toward $120,000, but a break lower risks deeper losses.
Trading near $4,000, completing a rising channel pattern.
Needs to reclaim $4,472 (Monday’s open) to reverse bearish momentum.
Sitting at $3.00 psychological support, aligning with the 50-day EMA and 38.2% Fib retracement.
A close below $2.99 risks a drop toward $2.78–$2.72, while recovery could fuel a retest of $3.34.
🏦 Macro Pressure
US PPI rose 0.9% in July (vs. 0.2% expected), stoking inflation fears.
The Fed is unlikely to cut by 50 bps, though CME FedWatch shows an 83% chance of a 25 bps cut in September.
📉 Derivatives Signal Risk-Off
OI fell from $208.3B → $201.8B as traders de-risk.
Volumes spiked to $372B from $221B — indicating long liquidations and short covering.
