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ZODA
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SEPTEMBER COULD BRING MORE VOLATILITY
Historically, September has been a tough month for Bitcoin, with $BTC averaging around a 2.95% decline.
This year, rising 10Y Treasury yields and expectations for higher rates could add more pressure.
Friday’s US jobs report may be the next major catalyst, while options positioning shows notable downside protection around $68K to $75K.
Watching $BTC and $ETH closely.
#AugPayrollsBeat #BTCGoldRatioHigh #OKXOutcomeLeagueFOMC
ZODA
$ETH WHALE SELLING PUTS THE RALLY TO THE TEST
ETH reached $2,530 before pulling back to $2,460 as a whale reportedly moved 167,855 ETH worth around $408M, taking profits from an entry near $1,700.
Meanwhile, ETH ETFs recorded $48M in outflows, ending a 12 day inflow streak.
Key levels:
Support → $2,460 to $2,470
Next → $2,400
Resistance → $2,528 to $2,565
Can ETH absorb the selling pressure and push higher?
#AugPayrollsBeat #BTCGoldRatioHigh #OKXOutcomeLeagueFOMC
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