🔥 $BTC and Altcoins - Analysis for Today. Bitcoin. Altcoins
➡️ BTC continues to test the key support level of $112,480.
If this level is lost, a correction to $108,350 is possible, followed by $105,700$ and further down to the mid-term support zone.
📉 Currently, we are noting the factors of pressure:
🔹 There is an outflow of funds from BTC/ETH ETFs.
🔹 The probability of a rate cut by the Fed in September has decreased to 77.1%.
🔹 Large wallets continue to sell.
🔹 Miners are selling.
🔹 Indicators are overheated.
📈 Market and Key Levels
🔹 Support: 112,480$ (key level).
🔹 Below: 108,350$ → 105,700$ → mid-term support zone.
📊 Metric Data
🔹 ETF: outflow in BTC and ETH.
🔹 Probability of Fed rate cut: 77.1%.
🔹 Large wallets are selling.
🔹 Miners are selling.
🔹 Indicators are overheated.
MAIN: The factors are currently in favor of a correction, but everything is within the framework of growth. I expect the levels to be worked out and I will use the drawdown for the final accumulation of positions.
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