๐ BTC & ETH Face Turbulence as Dollar Index Tops 100 โ What Should Traders Do Now?
August has started with volatility for Bitcoin and Ethereum, as the U.S. dollar index (DXY) surged past 100, its highest level since May. Following Trumpโs new tariff announcement, markets were shaken by inflation fears โ sending BTC down to $114,290 before bouncing to around $115,900, while ETH recovered from $3,616 to $3,690.
๐งจ What's causing the chaos?
President Trump introduced sweeping global tariffs, including a 15% tariff floor for countries with a trade surplus with the U.S. This move is already showing inflationary effects, pushing the core PCE index up to 2.8%, limiting the Fedโs ability to cut rates.
๐ As the Fed holds rates steady at 4.25%, expectations for a September rate cut have dropped to just 41% (down from 75%). All eyes are now on Fridayโs Nonfarm Payrolls Report, which could decide whether the Fed pivots or stays sidelined.
Meanwhile, the Japanese Yen has dropped to a 4-month low, creating more macro uncertainty that could spill over into crypto.
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๐ Spot Trading Strategy:
For now, traders should watch these two key levels:
BTC: Support near $114K (bullish trendline from April/June)
ETH: Support near $3,600, resistance at $3,750
Use this volatility to buy dips in strong altcoins like $BTC and $ETH with tight stop losses. Expect short-term noise โ but the longer trend still looks bullish if macro conditions ease.
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๐ #TradersLeague #CryptoNews #BTC #ETH #Altcoins $BTC $ETH
๐ฌ Do you think inflation will delay the bull run or make it even stronger long term? Comment below with your view!
๐ Like, ๐ Repost, ๐ฌ Comment โ Letโs help each other ear
n and grow on Binance Square!
๐งจ What's causing the chaos?
President Trump introduced sweeping global tariffs, including a 15% tariff floor for countries with a trade surplus with the U.S. This move is already showing inflationary effects, pushing the core PCE index up to 2.8%, limiting the Fedโs ability to cut rates.
๐ As the Fed holds rates steady at 4.25%, expectations for a September rate cut have dropped to just 41% (down from 75%). All eyes are now on Fridayโs Nonfarm Payrolls Report, which could decide whether the Fed pivots or stays sidelined.
Meanwhile, the Japanese Yen has dropped to a 4-month low, creating more macro uncertainty that could spill over into crypto.
---
๐ Spot Trading Strategy:
For now, traders should watch these two key levels:
BTC: Support near $114K (bullish trendline from April/June)
ETH: Support near $3,600, resistance at $3,750
Use this volatility to buy dips in strong altcoins like $BTC and $ETH with tight stop losses. Expect short-term noise โ but the longer trend still looks bullish if macro conditions ease.
---
๐ #TradersLeague #CryptoNews #BTC #ETH #Altcoins $BTC $ETH
๐ฌ Do you think inflation will delay the bull run or make it even stronger long term? Comment below with your view!
๐ Like, ๐ Repost, ๐ฌ Comment โ Letโs help each other ear
n and grow on Binance Square!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
BTC
119,481.99
-0.15%
ETH
4,487.04
+4.48%
