Update on $BTC

After a brief retracement to the support line, Bitcoin $BTC has bounced back and is now making gains. The cryptocurrency's price slipped 0.3% over the past 24 hours to trade at $59,261, with 24-hour lows and highs of $58,786.23 and $61,184.08, respectively.

This volatile movement comes as $71.73 million worth of outflows were recorded in Bitcoin ETFs, according to Soso Value data. Meanwhile, Bitcoin's dominance increased by 0.21% over the past day to stand at 56.18%.

Notably, Whale Alert data on X shows significant #BTC☀ whale dumps and accumulations over the past day, fueling speculation about the asset's future price movements.

Update on Ethereum

$ETH price fell by 0.3% to trade at $2,527. The coin's intraday price action saw lows of $2,505.70 and highs of $2,595.98.

Although the decline is marginal, it aligns with the outflows of $1.77 million recorded in spot Ethereum ETFs. Additionally, #ETH🔥🔥🔥🔥 current price movement is in line with the broader market momentum, indicating a synchronized trend across the cryptocurrency space.

Update on $SOL
Despite a 3% decline in the past 24 hours, Solana (SOL) price remains bullish, holding firmly at the indicated support level. #SolanaUSTD currently trades at $139, with 24-hour lows and highs of $138.27 and $147.22, respectively.
Solana's market capitalization stands at $64.72 billion today, reflecting the coin's resilience amidst broader market volatility. SOL's price movement continues to mirror the overall market trends, indicating a synchronized shift in investor sentiment.

$BTC UPDATE

#BTC☀ is currently facing resistance at $64k, as previously analyzed. Although the price has pulled back to $43,722, market sentiment remains bullish in my view. I expect a retest followed by a rebound, breaking through the $64k resistance and targeting $70k. The bullish sentiment and potential rebound could propel Bitcoin to new heights.

Today's update on $ETH

The price is still encountering resistance at $2,800, currently trading at $2,735.58. A minor correction is expected, followed by a potential break above this level, with my initial target of $3,000 still in play. A successful breakout could propel #ETH🔥🔥🔥🔥 to new highs, with further upside potential beyond $3,000.

$POLYX shows a bullish reversal pattern, breaking above the falling resistance line and forming a W-pattern. Its next target is the $0.2811 resistance range, a breach of this level will lead to further growth.

#POLYX

Bitcoin Faces Resistance at $60,000

Bitcoin's price has dropped 2.5% to $59,598, struggling to stay above $60,000. The price has been ranging between $50,000 and $60,000 for the past month.

Despite the current dip, Bitcoin whales have continued to accumulate coins. According to Santiment, whale wallets holding 100-1,000 $BTC have added 100,000 coins in the past six weeks.

For Bitcoin to rally further, it needs to break through the $60,000 resistance level. Market analysts are eagerly awaiting the Federal Open Market Committee (FOMC) meeting on Wednesday and Jerome Powell's speech for hints on potential Fed rate cuts starting in September.

Bitcoin's miner capitulation is nearing its end, and investors are hoping for a post-halving rally. However, the cryptocurrency's price movement will depend on its ability to hold above $60,000 and the outcome of the FOMC meeting. #BTC☀

I Remain Optimistic About Solana $SOL

#SolanaUSTD is currently facing resistance at $147.50. If a breakout occurs above this level, reaching my highlighted targets of $160 and $180 will be much easier.

Update On $ADA

Cardano's price has surged 8.38% in the last three days, outperforming other high-priced coins. This suggests that Cardano network developments are impacting the price.

Exchange Netflows Reveal Bullish Sentiment

Investors' confidence in Cardano is growing, as reflected in the $ADA exchange netflows. A negative netflow of $5.73 million worth of $ADA on August 20 indicates that investors are holding onto their coins in anticipation of higher prices.

Cardano Price Analysis

#ADABullish price broke out from a descending wedge on August 20, a bullish reversal signal. The price is likely to find resistance at $0.3612 and beyond that $0.4054. If the price pulls back, the previous resistance level near $0.3480 could provide buying opportunities.

The price increase and rising open interest suggest that Futures traders are opening longs, which is bullish. Positive network developments and optimistic investors could lead to an explosive rally. Cardano price is expected to make higher highs soon.

If Cardano price manages to break and hold above $0.3712, it could signal a more sustained move upward. Longer-term positions could target higher resistance levels, such as $0.4500. If the price fails to hold above $0.3480, it may signal market weakness and result in more downside.

Markets are a relentless test of wills, where fear, greed, and doubt collide, but discipline stands tall as the ultimate winner, separating the champions from the casualties. #InsightsForSuccess‬

Bitcoin Faces Resistance at $60,000

#BTC☀ price has dropped 2.5% to $59,598, struggling to stay above $60,000. The price has been ranging between $50,000 and $60,000 for the past month.

Despite the current dip, Bitcoin whales have continued to accumulate coins. According to Santiment, whale wallets holding 100-1,000 $BTC have added 100,000 coins in the past six weeks.

For Bitcoin to rally further, it needs to break through the $60,000 resistance level. Market analysts are eagerly awaiting the Federal Open Market Committee (FOMC) meeting on Wednesday and Jerome Powell's speech for hints on potential Fed rate cuts starting in September.

Bitcoin's miner capitulation is nearing its end, and investors are hoping for a post-halving rally. However, the cryptocurrency's price movement will depend on its ability to hold above $60,000 and the outcome of the FOMC meeting.

$TRB is currently consolidating within a rectangle pattern, which has the potential to be a bullish reversal formation. I anticipate a surge in price, leading to a break above the resistance line of the pattern, with a target range of $70.53. #TRB_UPDATE

Update on $REEF

I am closely monitoring the support zone i indicated in the chart.

If it holds, a potential uptrend to the descending resistance line is expected.

Stay active, until then I will provide another update on the next direction. #Reef

Wow, what an impressive pump! $BB surged an astonishing +31% after bouncing off the support line of the falling wedge pattern.

Let's continue to monitor closely for a potential breakout.

If it occurs, I expect the price to reach the first resistance level at $0.4942, marked by the red line. #Bb🔥🔥

Comprehensive Analysis on $WLD

I'm awaiting a buying opportunity in $WLD within the range of 1.063, which presents a strong support level. My strategy is to hold for the long term, anticipating significant growth potential. #WLDToTheMoon

I'm surprised you haven't considered adding $SOL to your portfolio yet! In my opinion, there are still great opportunities to invest in Solana.

I'm taking advantage of the current market conditions to keep buying and holding onto my $SOL tokens.

My strategy is to hold onto them until I get a satisfied result 😁😊😊 #solonapumping

Update ON $XRP

The Ripple vs SEC lawsuit continues to evolve, with the possibility of an SEC appeal still looming. However, Ripple's Chief Legal Officer, Stuart Alderoty, believes the SEC has only a 10% chance of winning an appeal.

Alderoty recently stated that a resolution to the lawsuit could be reached within 24 days. Ripple has expressed willingness to pay the $125 million fine and settle the case.

Alderoty also expressed skepticism about the SEC's potential appeal, citing historical data showing that less than 10% of appeals in the second circuit result in the reversal of lower court decisions.

Regardless of the appeal outcome, the court's ruling stands that $XRP secondary market sales are not classified as securities under current law.

As the lawsuit nears its settlement phase, market analysts are speculating about the potential introduction of an $XRP ETF. Top market players like Binance US have expressed interest in exploring the next phase of growth for XRP.

The #Xrp🔥🔥 price briefly surged past $0.65 following the $125 million Ripple penalty but has since retreated to around $0.592 due to broader market volatility.

$BTC must hold above the symmetrical triangle's support line to avoid further drop to $54,000.

A break above the resistance line could target $70,000. 😊 #BTC☀

Chart Analysis on $ETH (4hrs time- frame)

On the 4-hour chart, Ethereum $ETH is currently trading within a rising channel, indicating a potential target of $3,000.

However, to maintain this upward momentum, $ETH needs to hold above the channel's support line.

A break below this level could lead to a decline to $2,250, where the next significant horizontal support zone is located. #ETH🔥🔥🔥🔥

Don't Fall Victim: Tips for Avoiding Fraudulent Schemes

In today's financial landscape, scams and fraud are more prevalent than ever. With the rise of online investing and digital transactions, it's easier for fraudulent schemes and untrustworthy brokers to target unsuspecting individuals. However, by being informed and vigilant, you can significantly reduce the risk of falling victim to these scams.

The Dangers of Fraudulent Schemes

Fraudulent schemes can take many forms, from Ponzi schemes to fake investment opportunities. These scams often promise unusually high returns or guaranteed investments, but ultimately result in financial loss. Untrustworthy brokers may also use high-pressure sales tactics to convince you to invest in a particular opportunity.

Red Flags to Watch Out For

So, how can you avoid falling victim to these scams? Here are some red flags to watch out for:

- Unregistered investments or unlicensed sellers
- Pressure to invest quickly or promises of guaranteed returns
- Unverifiable sources or suspicious account activity

Protecting Yourself

To protect yourself from scams and fraud, follow these simple steps:

- Research thoroughly: Verify the credentials and reputation of any investment opportunity or broker.
- Monitor accounts regularly: Regularly check your investment accounts for suspicious activity.
- Don't send money to unverified sources: Only send money to trusted sources, and use secure payment methods.
- Report suspicious activity: If you suspect fraud, report it to the relevant authorities.

Conclusion

Avoiding scams and fraud requires a combination of knowledge, vigilance, and caution. By recognizing the red flags of fraudulent schemes and taking steps to protect yourself, you can significantly reduce the risk of financial loss. Remember, if an opportunity seems too good to be true, it likely is. Always prioritize caution and thorough research. #Market_Update