Bitcoin ($BTC ) has entered a correction phase after reaching its recent peak of $124,474. The price has since shifted into a downtrend, forming lower highs and lower lows. At the moment, BTC is trading around $115,311. --- $BTC 🔹 Price Structure & Trendline BTC is currently testing its green uptrend support line. If this trendline breaks, deeper downside movement is likely. However, as long as the $108K–$110K support zone holds, the major bullish trend remains intact. --- 🔹 RSI Indicator RSI is at 34, near the oversold zone (30). This shows strong selling pressure, but it also increases the chance of a short-term bounce or reversal. --- 🔹 Key Levels to Watch Support Zones: 114,366 → 108,446 → 98,200 Resistance Zones: 120,007 → 124,474 --- 📉 Conclusion Short-Term Trend: Downtrend (correction phase) Major Trend: Still bullish, as long as $108K support holds. If BTC stays above the 114K–112K zone, momentum could flip upward again. But a breakdown below this range would likely push the price down toward 108K and possibly 98K. --- 📊 Possible Scenarios 1. Bullish Case (Uptrend Continuation) Support at 114K–112K holds. RSI bounces from oversold territory. Price targets: 120K → 124K → 130K+. 2. Bearish Case (Correction Deepens) Daily close below 114K. Next strong support: 108K–110K. If this breaks → price could drop toward 98K. 3. Sideways / Range-Bound BTC may consolidate between 114K–120K. The next breakout or breakdown will define direction. --- 📌 Strategy for Traders 🔸 Short-Term Traders Look to buy near strong supports (114K or 108K) with stop-loss protection. Short only if BTC closes a daily candle below 114K. 🔸 Long-Term Investors This correction is healthy within the bigger bull cycle. Key long-term accumulation zones: 108K and 98K. The main bullish trend only breaks if BTC loses 98K support. --- 👉 Final Note: Bitcoin is currently in a correction, but the larger bullish trend remains intact. The 114K–112K decision zone will be crucial in defining BTC’s next major move.
$SOL $SOL $SOL Price: Around $179.57, showing a −0.74% daily decline from the previous close. 24h Range: $178.10 – $185.64. According to CoinEdition, SOL traded near $180.5, down ~5.5% from today’s high of $191. Support levels: $178 and $171 | Resistance levels: $192 and $210–$212. --- 🔎 Technical Indicators RSI: Extremely low at 17.5, signaling oversold conditions. EMA100 & EMA200: Near $183 and $178, showing mixed signals between bearish short-term pressure and strong support zones. --- 🔗 On-Chain & Network Activity Trading Activity: Meme coin trades on Solana hit $1.54B, while Solana-based products saw $176M inflows. ETF & Institutional Interest: REX Shares’ Solana ETF attracted $2.04M institutional inflows. Upcoming Upgrade (Alpenglow – SIMD-0326): If approved, block finality will shrink from 12.8 seconds → 100–150 ms, massively boosting scalability and transaction speed. --- 💰 Capital Flows & TVL Weekly Capital Inflow: Over $400M, driven by ETFs, ETPs, and bridging activity. DeFi TVL: Surged to $8.6B (+30.4% QoQ), making Solana the second-largest chain by TVL after Ethereum. Daily Volume: Around $5.84B, indicating strong on-chain demand and liquidity. --- 📌 Market Snapshot Category Status Current Price ~$179–$180 (slightly down daily, stable week-on-week) Technical Setup Oversold zone; EMA support around $178–$183 On-Chain Activity Meme coins + institutional flows rising Network Upgrade Alpenglow could cut finality time to sub-second speeds TVL & Volume $8.6B TVL (+30% QoQ), $5.8B daily trading volume --- ✅ Key Takeaways 1. Short-term bearish, but long-term strong: Despite price dips, liquidity and TVL growth confirm strong fundamentals. 2. Network upgrade is critical: If Alpenglow passes, Solana could become the fastest major blockchain. 3. Oversold conditions: A rebound is possible if $178 support holds; if it breaks, downside may extend to $171–$142. 4. Bullish breakout: If SOL pushes above $192–$200, it could set up for a fresh rally.
📉 Price Action & Market Sentiment ETH is currently trading around $4,289, down 3.27% in the last 24 hours, slipping below the key $4,300 support level. Despite this dip, weekly performance is still positive at +4.5%, showing underlying strength in the market. Short-term sentiment is bearish due to spot selling pressure, but accumulation trends suggest resilience. 🐋 Whale & Institutional Activity Big players are active: whales and institutions have recently bought 130K+ ETH (~$470M), reflecting strong long-term conviction. Institutional adoption continues to grow, with $2.85B weekly inflows into ETH spot ETFs, highlighting trust in Ethereum as a core asset. 📊 Technical Outlook Critical Support: ETH is holding at $4,245, the base of its bullish channel. If it breaks down, a deeper correction toward $3,845 is possible. Resistance Zone: $4,793–$4,900 (previous 2021 ATH). A breakout above this could unlock the path toward $5,000+. RSI: Currently at 66.86, nearing overbought territory, suggesting ETH $ETH may consolidate before attempting another leg upward. ⚖️ Catalysts & Risks Bullish Drivers: Strong Layer 2 ecosystem growth (Arbitrum, Optimism) increasing ETH $ETH utility. High probability (84.6%) of a Fed rate cut in September, which could boost risk assets. Risks: Regulatory crackdowns and profit-taking by short-term traders. 💎 Short-Term Outlook Ethereum is expected to remain volatile near its ATH resistance ($4,900). If support at $4,245 holds, ETH $ETH could rebound toward $5,500 later this month. However, failure to defend support may drag the price down to $3,355–$3,800.
Binance News Spotlight: Anchorage Meeting and Its Impact on Global Markets
Anchorage, Alaska — Global attention was focused on the U.S. city of Anchorage when former U.S. President Donald Trump and Russian President Vladimir Putin met face-to-face at a U.S. airbase. The flight of warplanes, the red carpet, and the banner "Pursuing Peace" turned this meeting into a high-stakes diplomatic moment. This meeting took place on U.S. soil for the first time amid heightened tensions between the U.S. and Russia. Expectations were high, but Trump made it clear: “No deal until there’s a deal.”