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#BTCUSDT - UPDATE According to our previous analysis of Bitcoin, we expected the price to enter a downtrend after breaking the range, and that is what happened. The price is in a downtrend after breaking the 114,000 range, and we expect the price to reach the 104,000 range. #bearishmomentum #MarketPullback #BTC #PowellWatch
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FLUX analysis: The price is currently trading within a falling wedge pattern and is respecting both the support and resistance lines. You may consider opening a long position near the support area. A breakout from this falling wedge will determine the next rally. Keep in mind that a falling wedge is a bullish pattern, typically breaking in an upward direction. Support Area: $0.1970-$0.2010 Resistance Area: $0.2240-$0.2280
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Ethereum Profit-Taking Spikes On August 16, realized profits surged to $575M โ the largest profit-taking event of this cycle so far. This highlights a clear trend of long-term ETH holders reducing exposure and locking in gains as the market tests key all-time high resistance zones. #ETH๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ #ETHETFsApproved #ETH
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