📉 Market Snapshot (As of 10:00 AM UTC)
BTC: 29,500(−2.329,500(−2.31,850 (-1.8% 24h)
Total Market Cap: $1.14T (-1.9%) | Fear & Greed Index: 30/100 (Extreme Fear)
Top Movers:
Chainlink (LINK): +5% (new Oracle partnership).
Solana (SOL): -4% (network congestion concerns).
📰 Drivers of Today’s Action
Macro Pressures: Fed rate hike fears loom ahead of today’s 2 PM EST FOMC statement.
Regulatory Jitters: SEC delays Bitcoin ETF decisions, sparking short-term uncertainty.
Ethereum Catalyst: Anticipation grows for Q4 “Cancun” upgrade (scaling improvements).
🔍 Technical Analysis
BTC/USD:
Key Levels: Support 29,000(criticalhold)∣Resistance29,000(criticalhold)∣Resistance30,500.
Chart Signal: RSI (40) nears oversold; MACD bearish but losing momentum. A bounce at 29kcouldtarget29kcouldtarget30k.
ETH/USD:
Key Levels: Support 1,800∣Resistance1,800∣Resistance1,900.
Chart Signal: Consolidating in a descending wedge break above $1,880 may signal reversal.
🎯 Trading Strategies
Short-Term (Day Trade):
BTC Scalp: Buy dips near 29,200(stop−loss29,200(stop−loss28,900) | Target $29,800.
ETH Range Play: Fade extremes—long at 1,820,shortat1,820,shortat1,880.
Swing Trade (3–7 Days):
LINK Continuation: Buy pullbacks to 7.80(stop7.80(stop7.40) if BTC stabilizes.
SOL Caution: Avoid until network issues resolve; watch $28 support.