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Bitcoin had a strong start to the trading week as rate cut expectations for September hit 85 percent and the S&P 500 had its best day since May. The price has started to slip away from the 115,000 level so far today, however, a clean breach of the 114,000 support level is needed to increase sell-side pressure. Based on order book data, it is still entirely possible that $BTC pushes towards the 116,000 level before a decisive move really takes place. - Pattern Play - One thing I do want to note is that a bearish Wyckoff Distribution pattern appears to have been silently forming over recent days. So far the pattern has been playing out textbook perfectly, even down to yesterday's low-volume retest of the initial breakout area. Should this pattern play out fully, then a large downleg is the next step, which could see Bitcoin fall under 111,000. #Bitcoin #BTC
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$BTC will be bearish today!! Small correction then buy the dip
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The firm BitMine Holds worlds Largest ETH Treasury BitMine Chairman Mr Thomas Lee announced that BMNR currently holds 833,133 ETH, valued at $3 billion plus, making it the largest $ETH treasury in the world and the third-largest cryptocurrency treasury overall. Mr Lee highlighted that as Wall Street continues to financialize blockchain and AI drives the tokenization of robotic assets, ETH is expected to remain one of the most significant macro trends over the next 10 to 15 years. #ETH
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Actually 11 :)
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When you go to sleep with an open crypto position ......
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