As the August 8 U.S. sanctions deadline against Russia approaches, Bitcoin and XRP have dipped, with $3.7T wiped off the crypto market within 24 hours. Market unease persists despite high-level talks in Moscow.

Cashtags:
$BTC $XRP $ETH

📈 Price Trend Widget:
Embed live candlestick widget showing BTC/USD and XRP/USD trending downward.

🔥 Trending Tokens:
Mention tokens under pressure: XRP, also SOL, ETH indicating macro sensitivity.

🎯 Trading Strategy:

  • Short-term: Looking for consolidation near support zone** (~$113K for $BTC, $2.95 low for $XRP)

  • Tactical: Watching for potential bounce in $116.8K–119K BTC cluster (liquidity zone), or bearish breakdown if support fails

  • Risk Management: Use stop-loss at $110K for BTC; trail stops if XRP undercuts $2.95

🔍 Analysis – Key Market Forces:

  1. Geopolitical Tension:

    Trump’s looming Russia sanctions—and threats of secondary tariffs on oil-importing nations—are rattling markets despite diplomacy efforts
    “Do you think BTC will bounce off support or break down before August 8?

  2. Institutional Flow Signals:

    Large BTC/ETH on-chain transfers down ~12–19%; spot Bitcoin ETF saw ~$196M in outflows, while Ethereum inflows ~$73M

  3. Crypto‑TradFi Correlation:

    Crypto now mirrors macro moves—trade tension, tariffs, and risk-off sentiment hit digital assets similar to equities and commodities

  4. Technical Chart Zones:

    BTC: Consolidation within $113K–116.8K
    XRP: Breakouts toward $3.84 or $4.33 if support holds; breakdown triggers bearish scenario

“Do you think BTC will bounce off support or break down before August 8?

  • Bounce into mid‑$116Ks

  • Breakdown toward $110K+

“Comment your trade setups or reaction to August sanctions. What’s your strategy?”