I believe the market grab out all stop loss orders above the swing high at 1234 USD, which is also at the 0.618 FIB. This is a great level to open a short position on futures .
I will short all pumps on ETH until we reach 882 USD, the previous swing low from June 18th, 2022. Ethereum is pretty weak compared to other altcoins, and I am not surprised at all.
The...
BTC looks bearish right know but it's in the channel so the major zone marked for that channel is 37K - 37800 range. Whales triggered in this range & then again we can see the up trend & possibly we can see 52K again.
2nd scenario if that channel broken the n we might to see the 34K range
So hope for the best that whales can push It from this level
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