Now that Ethereum has run the prior All Time Highs in August, I think ETH will drop back to its 21W EMA. A lot of people will get upset with this idea, but this has been the plan since ETH went home in April (new ATH, then pullback to 21W EMA and find support).
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Everyone’s waiting for Powell’s speech tonight. BTC keeps dumping day after day, dragging the whole market down. BlackRock’s been offloading—sold 1,885 BTC and 59,606 ETH. I still think BTC needs to fake out and break below 111,900 to shake out the longs before it has the strength to bounce. Judging by the buildup of shorts, I personally feel a straight dump isn’t that likely—more chance for a liquidity grab. Around 112,000, BTC could be good for a short-term long, targeting 114,500 for a fake breakout. Remember to set your stop loss. If the bounce plays out, I’m still bearish after that. Weekly MACD is about to death cross with bearish divergence—once that’s confirmed, more downside ahead. If you’re still not out, you’re basically living under a rock. Solana was the strongest yesterday, now it’s the weakest today.
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Proud of what I'm building behind the scenes. Proud because all of the hours that I'm spending creating videos, guides, and supporting directly are actually serving to help people toward financial freedom. This is what passion can lead to. And the best thing is that I barely started.
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