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$BTC
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$BTC $ETH Market Sentiment and Technical Overview 1. Recent Price Action Bitcoin recently slid from an all-time high above $124,000 to a dip around $112,600, before stabilizing near $113,300, marking a 17-day low. This has induced bearish retail sentiment, though analysts note that such corrections often serve as buying opportunities for institutional investors. 2. Key Technical Levels Support Zone: The $112K–$113K area, particularly near $112,600, is a critical demand zone with multiple tests. Resistance Zone: Around $115,000, aligned with the 50-day EMA (~$115K), currently serving as resistance. If reclaimed, it could lead to a rally toward $125K–$128K by late August. Potential Downside: If the $112K support breaks, downside targets would likely extend to the $108K–$105K range.
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🇺🇸 Department of Justice calls on Fed Chair Jerome Powell to fire Federal Reserve Governor Lisa Cook over mortgage fraud allegations.$BTC
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🇺🇸 Odds of the Federal Reserve lowering interest rates in September fall to 57%, according to crypto prediction platform Polymarket.$BTC $ETH
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Scaling Bitcoin to new heights with @BitlayerLabs Layer2 innovation is here be part of the #Bitlayer revolution
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