#MarketPullback Pullback in BTC and ETH

Bitcoin (BTC)

Key levels:

Main supports:

Around $107,000, which coincided with an old resistance and could now function as support.

Lower down, $100,000, near the zone of the 200-day moving average (200-DMA) and a historical congestion.

Similarly, if it loses support, the 200-EMA at $103,740 could activate as the next relevant support. Resistances to overcome to regain momentum:

Between $117,000–$123,000, where it has failed previous recovery attempts.

Additional outlook:

Analyst Benjamin Cowen projects an additional pullback in September, with a support range between $110,000–$115,000, as the recent peak of $124K could be a “false breakout.”

According to Equiti, the initial support would be around $108,000, and if it breaks, the next floor would be at $105,000.

Additionally, the 50-EMA ($110,800) has been lost, indicating technical weakening and additional bearish pressure.

Summary for BTC:

Supports to watch: $108K → $107K → $103–100K.

Key resistance: $117–123K zone.

High risk of additional correction, especially with doubts about interest rate cuts and sales by large holders.