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Event ends: August 9, 16:00 UTC
More details: https://www
🚀 Strong Market Momentum + Technical Trade Opportunities
📌 #Bitcoin# ( $BTC ):
– Recently tested its all-time high (ATH) at $123K; now consolidating between $116K–$118K. Dealer gamma around the $120K–$120.5K zone is suppressing volatility, signaling potential resistance in the current trend. However, the $115K–$112K range remains a strong support zone.
👉 A potential upward move of 6–8% toward the $125K–$128K band is still on the table by November.Key Levels: $115K (Support), $120K (Resistance), $123K–$134K (Long-Term Target)
📌 #Ethereum ( $ETH ):
– Achieved a massive 48% rally in July, mainly driven by institutional ETF demand, infrastructure upgrades, and broader enterprise adoption.
– On the daily chart, the $3,300 level has flipped from resistance into support; a Golden Cross has formed between the 100-day and 200-day moving averages.
– RSI is around 75, indicating overbought territory; a short-term correction is possible. However, for a sustained trend break, ETH would need to fall below $3,500.
🎯 Ethereum shows strong potential to surge above $4,000. If momentum holds, the $4,400–$4,500 zone could be the next target.