#Bitcoin# dropped below $115,000

#Bitcoin# has broken out of the downtrend channel with a strong green candle
Next significant resistance level is in the $118,000-$118,500 range
Support can be found in the $115,000 area, and we may see a continuation of upward movement if the price remains above this level

#Bitcoin# # and # Ethereum## # have surged to near all-time highs, with # Bitcoin# # briefly hitting $122,000 and # Ethereum## # breaking above $4,300, triggering over $700 million in # crypto # short liquidations, including $250 million in # Ethereum### shorts alone.

We can identify three major waves of profit-taking:
Around the $70K breakout (2024)
During the $100K breakout (2024)
At the $122K ATH in July 2025
It highlighted an equally strong wave of demand ready to absorb that selling pressure.
#Bitcoin#

POWELL TO FINALLY CUT RATES!
"With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance." He said
FOLKS, WE ARE GETTING A SEPTEMBER CUT.

#Ukraine# #Ukraine# RussiaWar
Lavrov: "There is no meeting planned between Putin and Zelensky."
#Russian#

#Bitcoin# is retesting the lows.
Degens long liquidated around $112,000

#Bitcoin# continues to move within a downtrend channel
A break above $113,500 could bring some positive momentum to the market
The Fed is not planning to cut interest rates anytime soon, so that potential catalyst is no longer a factor
Support level is around the $110,000 mark.

EU speeds up plans for euro stablecoin after US passes stablecoin law.

This is Just the beginning 🚀
#Bitcoin#

The odds of a September rate cut have fallen to 81%
On August 14, the odds hit 100%

#Bitcoin# , we expected the price to enter a downtrend after breaking the range, and that is what happened
The price is in a downtrend after breaking the 114,000 range, and we expect the price to reach the 104,000 range
#Crypto#