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Ethereum Faces Headwinds: Whale Dump, Key Departure, Pectra Hard Fork Delay - Short-Term Bearish for ETH?Ethereum has been facing a challenging period lately, with DeFi developers clashing with Vitalik Buterin, and numerous community members expressing their dissatisfaction with the ETH founder, urging him to leave his girlfriend and focus on driving prices up. However, amidst these challenges, Ethereum experienced a significant rebound fueled by the Federal Reserve's recent interest rate cut, surging from below $2400 to $2500, even briefly surpassing $2600, bringing joy to many holders

Bitcoin's Tipping Point: 200EMA Will Determine the Future, Are You Ready? Bitcoin is at a critical juncture, with its price rapidly approaching the 200-day Exponential Moving Average (EMA), a technical indicator often viewed as a dividing line between bulls and bears. Charts suggest that the 200EMA will dictate the future trajectory of BTC, with a break above it potentially signaling a return of the bull market

Bitcoin Under the Shadow of US Recession Fears: Market Volatility Amid Long-Term OptimismRecently, the global financial market has been shrouded in the gloom of a looming US recession. The release of the US PMI index, which has fallen into contraction territory for two consecutive months, coupled with the "Black Thursday" event on August 5th, has fueled panic among investors to sell off risk assets

Bitcoin Dropped Despite Positive Non-Farm Payroll Data? The Plunging Dragon Strategy Reveals the Short-Term TrendLast night's Non-Farm Payroll data came in below expectations, indicating a less-than-stellar US economy. This increases the likelihood of a rate cut, which is generally positive for the financial markets

Top Crypto Pros: How to Stay Unfazed by Short-Term Fluctuations?BTC hit resistance today, with a relatively small overall drop, currently remaining at a high level. After falling from its peak to around 57,000, it quickly rebounded to near 60,000

BTC Breaks Through Double Resistance in the Short Term, ETH Retraces After Touching Bollinger Band ResistanceYesterday, BTC hit a low of 57093 and a high of 59412, with a fluctuation range of 2319 and a volatility of 4.0%

Bitcoin Reclaims $59,000 Mark, What's Next for the Short-Term Trend?Bitcoin surged to near $59,500 early this morning, with Ethereum also returning to the $2,500 level. Where are the support and resistance levels for BTC in the short term?It's worth noting that the US market was closed yesterday for Labor Day, and significant volatility is expected when it reopens tonight

Bitcoin: Bottom Accumulation, Awaiting a Rebound, Still Bullish in the Mid-to-Long Term!After the positive news released at 8:30 PM last night, Bitcoin's price directly broke through the small parallel channel and then repeatedly pierced through, resulting in many high-leverage long and short positions being stopped out. Retail investors thought that the fluctuations were over, but that wasn't the case

Ethereum Short-Term Analysis: Resistance Levels Loom, Breakout Crucial for Future DirectionInitial jobless claims fell last week, yet reemployment opportunities remain scarce, hinting at a possibly persistent high unemployment rate in August. However, despite slightly weak economic data, Ethereum has shown signs of a rebound in the 1-hour chart

Bitcoin Long-Term Holders Realized Market Cap Surpasses $10 Billion, Indicating Growing Market ConfidenceAccording to Odaily Planet Daily, CryptoQuant analyst Amr Taha noted: "The realized market cap of long-term holders has exceeded $10 billion for the first time." This data signifies that this group has collectively spent $10 billion to acquire BTC, and this metric considers the last sale price of each BTC

Bitcoin and Ethereum 4H Trend Analysis: Breakdown of the Lower Boundary, Short-Term Correction Risk RemainsBitcoin:The 4H chart for Bitcoin shows that the price has broken below the lower boundary of the range as expected, and there are no signs of a rebound yet. Yesterday we mentioned that the supply within the current range is biased towards selling, so it's highly likely that the price will break below the bottom of the range

Crypto Market Volatility Intensifies: Short-Term Analysis of Bitcoin and Ethereum!Yesterday, Bitcoin (BTC) reached a low of $58,728 and a high of $61,793, with a fluctuation of $3,065, representing a 5.2% swing