๐ป ๐ Bitcoin, Ethereum & Market Indexes ๐
๐ HWC (1D) โ MWC (4H) โ LWC (1H) Cycle Analysis
โญ๏ธ Structural Review: TOTAL, TOTAL2, TOTAL3, BTC.D, USDT.D
๐ฅ analysis Coins: BTC, ETH
๐ Strategy: Dow Theory + Fundamentals + Market Sentiment
๐ฅ Daily Market Analysis โ July 31st ๐ฅ
๐ Summary of Key News & Strategy:
โ๏ธ Interest rates were officially held steady at 4.5% โ as widely expected. However, Powellโs comments added slight bearish pressure to the market in the short term โ๏ธ
โ๏ธ Itโs important to note: recent market growth happened with the same rate in place. So any positive economic news from the U.S. from now until September could trigger a Bitcoin pump ๐
โ๏ธ One major bullish catalyst: MicroStrategy purchased 21,000 BTC โ a strong institutional support signal ๐
โ๏ธ With the BTC monthly candle closing in a few hours, keep risk low and proceed with caution โ๏ธ
โ๏ธ if Volume is picking up in BTC and altcoin momentum is building. This opens up a strategic opportunity to enter long positions even before key breakouts in TOTAL, TOTAL2, and TOTAL3 ๐ฅ
โฆ๏ธ BTC/USDT
Support 1: 115,000
Support 2: 111,000
Resistance: 120,000
Despite 2 days of bearish pressure, the overall BTC structure remains bullish
If the 120,000 level breaks with strong volume, we can use a stop-buy strategy to enter a long. Sellers managed to push down to 115,700, but buyers defended the level well.
โญ๏ธ This volume near support can serve as early confirmation to enter altcoins.
๐ฅ Break of 120,000 is critical for sustained altcoin rallies.
โฆ๏ธ BTC Dominance (BTC.D)
Watch for a breakout above 60.44 โ if that happens, you should already be in altcoin positions ๐ฅ
It still hasnโt broken the 62โ62.36 zone, which remains supportive for altcoin strength โ
โฆ๏ธ TOTAL Market Cap
If we see signs of breaking 3.92, we should already be positioned ๐ฅ
Key support: 3.71 โ as long as the market holds above it, the long scenario remains valid ๐
โฆ๏ธ TOTAL2
Open position should happen before a confirmed break of 1.54 โ๏ธ
Waiting until after could lead to late and risky entries. Stay alert and responsive โ
โฆ๏ธ TOTAL3
Same logic โ position before the 1.08 breakout. Entry afterward will be harder due to sharp candle and volatility โญ๏ธ
โฆ๏ธ USDT Dominance (USDT.D)
Currently attempting to break 4.40 but has not succeeded โ โ this is good for buyers.
We should have long positions before any potential drop below 4.13 ๐ฅ
โฆ๏ธ ETH / USDT
Buyers successfully defended the 3,750 support zone ๐
Given strong institutional interest, ETH has high bullish potential.
A break above 4,000 with powerful candles could kickstart the next bull run ๐
โ Early Entry Trigger: 3,858 โ but only if ETH dips below this level first and returns back to it.
This gives us a tighter stop-loss and better risk/reward setup.
โ If ETH blasts through 3,858 with a sharp candle, avoid chasing the move.
โญ๏ธ Additional confirmations:
โข ETH/BTC should break 0.3277 to confirm ETH strength
โข ETH.D should break 12.16 for final validation
Most likely, ETH.D and ETH/BTC will give early confirmation before ETH/USDT breaks 3,858 โ๏ธ
๐ฅ If you found this helpful, donโt forget to FOLLOW and smash that ๐ button for more daily insights! ๐
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.