RayneOnChain
After breaking out of last week's range, BTC failed to flip R to S. Currently testing potential support, if price fails to hold it current price range between $93.k, we could see a retest of GETTEX:92K or the 1D 200MA around $90k.
SOL starts the week with bullish momentum from local support around $147. Reclaiming local highs or a solid candle above $155 could signal a push towards $179 or 1D 200MA around $181. A close below $147 could signal short term weakness.
BTC starts the week with a 4H doji, potentially signaling a reversal of the short term retracement from local Hs around $95.4k. Reclaiming those Hs can easily lead to a retest of Feb's resistance around $98.7k - or even surprise us with a test of $102k. A loss of momentum and close below GETTEX:92K could signal weakness.
BTC tests March highs after 2 weeks of bullish price action and a double bottom / reversal pattern on Apr 9. Currently testing significant price levels around FWB:88K and 1D 200MA, a decisive break above could signal a push towards $92k. Failing to reclaim FWB:88K - GETTEX:89K could lead to a retest of $85k - $86k before attempting to reclaim previous R...
SOL is back around $132, failing to stay above $135. Reclaiming 4HR 50MA could signal a recovery, while a continuation of bearish momentum could bring SOL to $120.
ETH is back below support and 4HR 50MA, trading around $2.3k. Reclaiming 50/200MA and $2.4k would signal strength. Bearish target is $2k - $2.1k, if $2.25k is lost.
BTC failed to keep its bullish momentum above GETTEX:59K , now trading just below 4HR 200MA around $58.7k. $56.5k - $58k is the nearest support zone. If lost, $50k could still be expected.
DXY is potentially creating a triple bottom with 4HR bullish divergence. Currently around 100.3, if support is lost here, the next support zone is around 99 - 99.6. Volatility can be expected this week due to the Fed's rate decision.
SOL trades around $132, just above 4HR 50MA, however, failing to stay above $135. If price stays within the current range and reclaims $135, that could be bullish. Otherwise, assuming the move to $135 was a fakeout, SOL could head back to $120.
ETH trades around $2.3k, just below 4HR 50MA, after facing resistance around $2.4k. Failing to create HHs could signal lower prices with the first bearish target being $2k - $2.1k. Closing above $2.4k would signal a shift in sentiment or momentum.
BTC trades around $56.5k, potentially retesting 50MA or $56.6k as support. Failing to reclaim $58k could be a signal of weakness with $50k being the bearish target if GETTEX:54K is lost..
DXY is just under 4HR 50MA around 101, yet to reclaim 101.2. CPI at 14:30 could trigger the next move. If 4HR 50MA can’t be claimed then a retest of 100 can be expected. Reclaiming 50MA could lead to a test of 4HR 200MA around 102.
ETH is testing previous support around $2.4k. Reclaiming 4HR 50MA or $2.5k could signal some strength. Failing to do so could lead to a retest of support around $2k - $2.1k.
BTC trades around $55.3k, potentially heading to retest 4HR 50MA or previous support around $56.5k. Reclaiming this zone could be bullish, however, resistance could be more likely due to a bearish market structure and sentiment. A retest of $50k is possible, tying in with Fed’s rate decision, creating bullish divergence and setting the stage for a potential break of ATHs.
DXY is around 101.17, potentially about to retest previous support as resistance around 101.2… Reclaiming this zone and closing above 101.5 could be short term bullish. A continuation of bullish momentum could lead to a retest of 102.4 around 18 Sep, tying in with Fed’s rates decision.
SOL trades around $130, possibly testing 4HR 50MA as resistance. Reclaiming $130-$132 could lead to a retest of $135. Otherwise, a bearish signal at current price levels could lead to lower prices from $118 - $120.
SOL trades around $131, testing potential support. Closing below $127 could signal further weakness, while closing above $135.5 could signal strength and a potential attempt at $140 or reclaiming 4HR 50MA.
ETH trades around $2.46k, potentially losing short-term support. Closing below $2.42k could mean a retest of $2.34k - $2.37k.