Data's Inner Circle 👑 (WILL NEVER DM YOU FIRST)
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https://x.com/TheCryptoData The Inner Circle is where I share my thought process on the overall market, including technical analysis, altcoins, and narrative rotations 💎 Nothing shared is financial/investment advice and should not be taken as such.
إظهار المزيدلم يتم تحديد البلدالعملات المشفرة15 023
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-127 أيام
-4730 أيام
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+4
📊 Market Update 📊
The market has been amazing with our calls in the private group for ASTER, AVNT, STBL, BTC, AVAX, and more! Liquidity is flowing into legitimate projects and we're finally starting to get some relief.
In Jerome Powell's recent economic outlook speech, he acknowledged that growth is moderating, the labor market is cooling, and inflation remains above the Fed’s 2 % goal, with risks now tilted two ways, inflation could re-accelerate, or employment could weaken further. He described the Fed’s policy stance as “modestly restrictive,” even after the recent 25bps cut, stressing that the Fed will stay data dependent and won’t rush into further easing. Because of this cautious balance, the likelihood of lower interest rates in October is there, but it’s not guaranteed. Powell’s tone suggests any rate cuts will depend heavily on inflation cooling and more signs of labor weakness before the Fed makes further moves. I still remain tentatively bullish.
Other news items include:
- Coinbase CEO Brian Armstrong says Bitcoin could reach $1,000,000 by 2030.
- Sam Bankman-Fried posts 'gm' from prison but is quickly followed by a post clarifying that it's his friend posting on his behalf. This is interesting to say the least and could be foreshadowing with the upcoming $1.6B FTX refunds being sent out Sept 30th. Maybe something is brewing.
- PLASMA TGE happening soon as they also launch a credit card that gives 4% back and 10% yield on stables
- Federal Reserve Chair Jerome Powell says the Fed is "well positioned" following rate cuts last week.
- $1.3 trillion Morgan Stanley to offer Bitcoin & crypto trading in the first half of 2026.
- Visa, Stripe, and Fold partner to launch Bitcoin credit card.
- White House official says they expect the crypto market structure bill to pass this year.
- US lawmakers ask SEC to implement President Trump's executive order opening the $12.5 trillion 401k retirement market to crypto.
Upcoming Events
- Sept 25th Jobless Claims and Final GDP QoQ
- Sept 26th Core PCE Price Index MoM and revised UoM Consumer Sentiment
- Sept 30th $1.6B of FTX refunds being sent to creditors
- Oct 6th Full Moon
Summary ✍️
With all of the positive news coming out today, and the 1.7bil of liquidations behind us, we're finally starting to form a bottom. After this bounce, I believe we'll have one last flush towards the end of Sept then much higher from there starting around Oct 3rd going into the Full Moon Oct 6th. ASTER, AVNT, STBL, and a few others remain the top plays for now. Use this time to lock-in. We are starting alt season and you have the opportunity to make generational wealth. Don't waste it.
📊 BTC Analysis 📊
BTC is playing out according to plan so far. We sweeped the liquidity below 112k before reversing higher. The Daily RSI is shwoing bullish momentum while the StochRSi is close to oversold and starting to cuyrve to the upside. The 24h liq heatmap shows a little cluster near 114k but a larger one near 111k which means we could tag the upper bounds before higher (which would line up with our chart). On the 1W, we have most of the liquidity to the upside which should line up for a nice run in Q4.
Major resistance is 114k, 116.8k, 120k, 123k
Major support is 112k, 110k, 108k, 106.4k, 104k, 100k
📊 ETH Analysis 📊
ETH is starting to show signs of reversing after bouncing off of the 4060 support twice and as the daily StochRSI becomes oversold and slowly crossing to the upside. I expect we'll see some short-term relief to the 4300 level. If we can close above that on the daily it'll be fairly bullish for a continuation. Keep an eye on ETF flows. They've been negative the this week but I expect we'll see positive inflows either today or tomorrow, signaling institutional interest has returned.
Major resistance is 4500, 4640, 4760 and 4950
Major support is 4300, 4060, 3830, 3630, 3500, 3270, 3050, 2820
If you would like to join the private group, checkout the pinned message and follow the steps 📌
I'll see you inside 🤝
+4
The premium group has been on fire recently! We've hit multiple trades, including ASTER at 0.085, AVNT at 0.95, WLFI long at 0.2317, LINEA at 0.0294, AI, and more! 💵
I also provide 3-5 livestreams per week, including trading courses, a Health and Performance section, priority customer support, and more 👍
If you all want to join, check out the pinned messaged above (or the link below) and follow the instructions. I'm also offering 30% commissions for affiliates of the group (you'll find a link in the affiliate section of your Whop account after you join). It shouldn't be too hard to onboard people after they see the profits 💰
https://whop.com/datas-alpha-circle/
I'll see you inside 🤝
+3
📊 Market Update 📊
We head into the weekend neutral (Fear & Greed ~52) as yesterday’s triple witching event came to a close, the quarterly, third-Friday expiry of stock options, index options, and index futures which induced a sell-off (as it's historically bearish). My only apprehension is the New Moon on Sept 21st at 3:54pm EST. This is historically bearish as well and could induce another sell-off afterwards so just keep that in mind when managing your risk/positions. Continuing QT and futures markets are still pricing a high probability of another 25 bps cut at the Oct 28–29th FOMC, with futures-implied odds high (roughly 80–90% depending on the tracker).
Other news items:
- Top gainers continue to be ASTER (called it in the premium group at 0.085) as the new perps DEX backed by Binance Labs and YZi Labs, built to rival Hyperliquid. CZ has been posting about this one non-stop which only adds to the hype. It's expected to go much higher.
- FTX to distribute $1.6B to creditors on Sept 30th. This will be a huge catalyst for higher on a select few tokens.
- ConsenSys’ Joseph Lubin Confirms a MetaMask Token Is Coming ‘Very Soon’ and hinted that swapping/holding LINEA on Metamask could make you eligible for the airdrop.
- PLASMA to also conduct an airdrop, rewarding people who contributed in the sonar sale and early contributors
- MetaMask to launch in-wallet perpetuals trading through Hyperliquid.
- Trading for Grayscale's Digital Large Cap Fund which includes the following cryptocurrencies is officially live: BTC, ETH, XRP, SOL, ADA
As the market fully digests the FOMC news this week and looks towards the next meeting for rate cuts, more opportunities continue to arise. It's impressive seeing how quickly some of these dips are getting bought up. It shows that there's real institutional/retail demand finally returning. While this is all good, always remember to take profits along the way, as we still have the New Moon Sept 21st and historically Sept has been the most bearish month, which shouldn't rule out one last flush if we have one. With that said, if there is any flush, I will be bidding at major support levels on the daily/weekly timeframes.
💸 Bitcoin Analysis 💸
BTC is finally having its retracement after the daily StochRSI was overbought for almost two weeks. The RSI is very close to crossing below its signal line which could exacerbate the bearish momentum if closed below. The 24H liq heatmap shows clusters near 114k and 116.5k while the 1W shows clusters near 118.8k, which should get tagged within the next few weeks. I continue to remain patient and have my bids set for lower (112-114k) in case the New Moon this weekend ends up being bearish and the flush finally comes.
Major resistance is 116.8k, 120k, 123k
Major support is 114k, 112k, 110k, 108k, 106.4k, 104k, 100k
📊 Ethereum Analysis 📊
ETH remains in its symmetrical triangle on the daily but closed below 4480 (which I don't like). The RSI cross below its signal line while the StochRSI continues lower, but is getting close to oversold. If ETH breaks below its trendline support at 4420, I would look for 4300 at the very least and DCA there and 4060. Remember to be patient and only bid at levels that are advantageous R/R wise. This weekend will undoubtedly be volatile so risk management is key.
Major resistance is 4500, 4640, 4760 and 4950
Major support is 4300, 4060, 3830, 3630, 3500, 3270, 3050, 2820
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📊 Blofin Exchange 📊
👉 Sign up for a Blofin account (NON KYC leverage exchange) and earn a 20% deposit bonus when you deposit USDT into your futures account - https://partner.blofin.com/d/CryptoData
Quote of the Day 📝
""Sometimes the hardest conversation is the one that will change everything."
❌ BEWARE OF SCAMMERS! I WILL NEVER DM YOU FIRST! ❌
+3
📊 Market Update 📊
The Fed cut rates by 25bps, down to 4.00-4.25%, its first rate reduction since December 2024. Powell emphasized this was a cautious, data-driven move, not a sign of imminent aggressive easing. He noted inflation remains somewhat elevated and the labor market is weakening, but not yet weak enough to justify larger cuts.
For crypto, this means a modest tailwind. Lower rates tend to increase risk appetite, boost liquidity, and make yield outside fiat/cash more attractive. There's also rumors of a total of one to two more cuts this year which could be another catalyst to front-run.
Other news items include:
- SEC approves Grayscale Digital Large Cap Fund for trading, which includes BTC, ETH, XRP, SOL, and ADA
- Coinbase CEO Brian Armstrong says he's in DC working to get crypto market structure legislation passed and "making sure we never have another Gary Gensler."
- SEC approves generic ETF listing standards, clearing path for digital asset listings without individual approval.
- Eric Trump says crypto is a "perfect hedge" to real estate.
- Golden statue of President Trump holding a Bitcoin placed outside the US capital.
- Top performers include ASTER, APX, BNB, and PENGU
- BTC ETF flows showed -51M while ETH showed only -1.9M, indicating institutions are taking a slightly "risk-off" approach
Now that the FOMC has passed, many are already looking towards the next rate cut and trying to "front-run" that. Powell's outlook was fairly neutral but it was enough for the market to have another sustained rally. I strongly feel alt season is close (within a few weeks). During this time, you need to manage your risk and not FOMO. There will be pullbacks, and that's where you'll enter, at major support levels on the daily/weekly timeframes when your indicators are in confluence. There are plenty of opportunities happening each day as we've seen with the top gainers which is more reason not to rush into entries.
💸 Bitcoin Analysis 💸
BTC is starting to break above our 116.8k resistance which is extremely bullish if closed above. The StochRSI is still overbought which keeps hesitant but the RSI is sitll showing bullish momentum which means we could still pump for another few days. The 24H liq heatmap shows large clusters near 119k and 114-116.5k with the 1W showing similar, which could see us have one last flush lower before pushing to ATHs.
Major resistance is 120k, 123k
Major support is 116.8k, 114k, 112k, 110k, 108k, 106.4k, 104k, 100k
📊 Ethereum Analysis 📊
ETH bounced nicely off of its 4500 support before rejecting from its 4640 resistance. It's forming a slight symmetrical triangle on the daily which should be a violent move whichever way it breaks. The RSI is slightly curving down but still above its signal line, while the StochRSI is reset and looks to be crossing back above its signal line. As long as ETH can close the daily above 4500, I'll remain bullish.
Major resistance is 4640, 4760 and 4950
Major support is 4500, 4300, 4060, 3830, 3630, 3500, 3270, 3050, 2820
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Tutorials: https://docs.sigma.win/getting-started/setup-guide
📊 Blofin Exchange 📊
👉 Sign up for a Blofin account (NON KYC leverage exchange) and earn a 20% deposit bonus when you deposit USDT into your futures account - https://partner.blofin.com/d/CryptoData
Quote of the Day 📝
"Strong minds discuss ideas, average minds discuss events, weak minds discuss people."
❌ BEWARE OF SCAMMERS! I WILL NEVER DM YOU FIRST ❌
+1
The premium group is already profiting with over a 200% spot call on ASTER! 💵
For those interested in joining, follow the steps above 👆
We also held a livestream for the FOMC meeting where I gave my thoughts in real-time. I'll say it again, this is the best group in crypto. I'll see you inside 🤝
🚨 THE WAIT IS OVER! 🚨
After months of anticipation…Data’s Alpha Circle Discord is officially LIVE 🔥
This isn’t just another crypto group, it’s the best alpha community in the space, built to give you every edge in the market:
👋 Welcome Hub → start here, meet the team, get access to bots & tools.
📊 Information Hub — curated announcements, market updates, and news
🎥 Livestreams — live calls & on-demand recordings
💎 Alpha Calls — leverage setups, altcoin gems, and memecoin opportunities
👑 Circle Access — high-level trading discussions and member wins
🎓 Mentorship — direct booking for 1-on-1 sessions
📚 Resources — technical analysis vault, courses, and PDF library
💪 Performance — mindset, nutrition, training, recovery, and daily quotes
🛠 Customer Support → fast assistance & accountability.
How to Join 👇
✅ Create an account on Whop - https://whop.com/signup/
✅ Navigate to the membership page - https://whop.com/datas-alpha-circle/upgrade-elite-access
✅ Choose the weekly or monthly payment option (monthly receives 30% off).
✅ Once your payment is processed, click the "Connect Discord" button in your Whop account.
✅ If you receive an error message that your "Discord account is already being used by another account on Whop" then click 'Move to this account' and you should be fine.
✅ Once connected, you’ll be assigned the 'Elite 💎' role in the Discord and should be able to see each channel.
✅ If you have any questions about this process, leave them below and I will answer them accordingly.
Make sure to check the pinned messages in each Discord channel to become familiar with the content. We look forward to having you in the group! 🤝
+3
📊 Market Update 📊
The markets are continuing to price in rate cuts for a near-certain 25 bp cut at the September meeting, with more easing expected into 2026. While this supports liquidity and risk appetite ( Bitcoin, ETH, and spot ETF inflows), the key to watch is Fed guidance and upcoming inflation data, since any hawkish tilt or “sell the news” reaction could trigger volatility and short-term pullbacks. Other news items included:
✅ Crypto prediction platform Polymarket valued at up to $10 billion in VC investment offers.
✅ Tether to launch US-based stablecoin, $USAT.
✅ JPMorgan and Morgan Stanley expects the Federal Reserve to cut interest rates by 25bps next week.
✅ Polymarket partners with Chainlink "to launch 15-minute crypto price markets featuring near-instant settlement and industry-leading security."
✅ DOGE ETF delayed until next week
Upcoming Events
- Sept 17th FOMC Meeting
ETF flows continue to pile in with Friday's numbers showing 642M for BTC, 405M for ETH, and 5.5M for SOL. This is echoed by the recent outperformance of most alts vs BTC. Some of the biggest outperformers were AVNT, PUMP, DOGE, PEPE, and LINEA. It's only a matter of time before we get a full-blown alt season again, although always remember to take profits along the way as we know how quickly the market can turn. I'm still expecting a "sell the news" near FOMC, but that could change if they decide to cut rates by 50bps or more. I'll keep on eye on the macro environment as we get closer and keep you all updated every step of the way 🤝
💸 Bitcoin Analysis 💸
- Our BTC inverse H&S pattern couldn't have played out any better. We first mentioned it at 111k and it subsequently rose to our major resistance at 116.8k. This is exactly why it pays to study chart patterns and sentiment/technicals. Most people were calling for a further pullback while were looking to enter longs.
- Now I'm starting to be more cautious as the daily StochRSI has been overbought for a few days so a pullback would be healthy.
- We've also had inflows for 5 days in a row which could indicate things are getting a little overheated and may need a temporary cooldown.
- Now liquidity is forming near 117k and 114k on the 24h but the 1W is only showing large clusters at 113k and 110k which could further support the idea of a pullback in the near-term if the FOMC forecast is too bearish.
- With that said, be ready to buy dips at major support levels on the daily/weekly timeframes as the market has shown its hand of what's to come in Q4. Things are just getting started.
Major resistance is 116.8k, 120k, 123k
Major support is 115.6k, 114k, 112k, 110k, 108k, 106.4k, 104k, 100k
📊 Ethereum Analysis 📊
- Our ETH descending wedge also played out to a tee, breaking to the upside and reaching over 4760 before pulling back to support.
- Now we need to watch as the daily StochRSI is starting to get overbought as that could indicate a further pullback (with the weekend providing more volatility).
- The positive sign is ETF flows have returned which is one of the indicators I was looking for. This shows demand returning to ETH, especially with Digital Asset Treasuries (DATs) on the rise again.
- Now it becomes a waiting game until the 17th. Remember not to FOMO during these runs and wait for prices to come to you with your indicators in confluence.
Major resistance is 4760 and 4950
Major support is 4640, 4500, 4300, 4060, 3830, 3630, 3500, 3270, 3050, 2820
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Now you can trade seamlessly between SOL, ETH, Base, BSC, AVAX, and more! Sign up below 👇
Get Started with Sigma: https://t.me/SigmaTrading3_bot?start=ref=CryptoData
Tutorials: https://docs.sigma.win/getting-started/setup-guide
📊 Blofin Exchange 📊
👉 Sign up for a Blofin account (NON KYC leverage exchange) and earn a 20% deposit bonus when you deposit USDT into your futures account - https://partner.blofin.com/d/CryptoData
Quote of the Day 📝
“Doubt kills more dreams than failure ever will.”
❌ BEWARE OF SCAMMERS! I WILL NEVER DM YOU FIRST ❌
+3
📊 Market Update 📊
Yesterday’s PPI report showed a surprise 0.1% decline in producer prices, the first drop since April, easing inflation pressures and boosting expectations the Fed will cut rates at its Sept 17 meeting. While core prices still ticked up, the soft headline number gives the Fed cover to act, making a 25 bps cut the clear favorite. Markets now see little chance of no move, with only a slim possibility of a larger 50 bps cut if upcoming CPI data also shows cooling. Other major news items:
✅ Charlie Kirk was murdered while giving a speech at a college campus in Utah. The after-effects of this remain to be scene, but expect tensions to remain high over the next few days. May him and his family find peace.
✅ JPMorgan says institutional adoption for crypto is still in early phases.
✅ SEC Chair Paul Atkins says the agency will ensure capital can be raised on-chain.
✅ SEC delays staking for BlackRock's spot Ethereum ETF. The next decision date is Oct 30th.
✅ Binance partners with $1.6 trillion asset manager Franklin Templeton "to build tailored digital asset initiatives."
✅ DOGE ETF is set to launch later today under the 40 Act
Upcoming Events
- Sept 11th CPI Data
- Sept 17th FOMC Meeting
Today’s CPI report is crucial. If headline and core inflation come in at or below expectations, it will reinforce yesterday’s soft PPI and lock in a 25 bps cut on Sept 17; but if core CPI runs hotter than forecast, it could make the Fed hesitate, lowering odds of a larger 50 bps move and even softening confidence in a cut, though markets still overwhelmingly expect at least some easing. ETF flows also came in very strong today with BTC at 741M and ETH at 171M. This shows institutions are gaining confidence again and could be indicative of a further run ahead of the expected rate cuts.
💸 Bitcoin Analysis 💸
Our inverse H&S pattern played out to a tee. If you were paying attention to the last updates, this move shouldn't surprise you. We had liq clusters near 114k which subsequently was tagged. Now we're seeing levels at 113k and 115.2k on the 24h heatmap with the 1W showing slight differences. The one thing to keep in mind is the daily StochRSI that's overbought. I imagine we'll have some type of pullback to support within the next few days, but this rally has been nice.
Major resistance is 114k, 115.6k, 116.8k, 120k, 123k
Major support is 112k, 110k, 108k, 106.4k, 104k, 100k
📊 Ethereum Analysis 📊
ETH had a perfect breakout from our descending wedge pattern which hit our TP1 at 4440. It's coming up against resistance but the RSI is just now crossing above its signal line which tells me it likely has room to go. ETF inflows are also increasing which is a good sign.
Major resistance is now 4500, 4640, 4760 and 4950
Major support is now 4300, 4060, 3830, 3630, 3500, 3270, 3050, 2820
🤖 Sigma Bot 🤖
Sigma has finally integrated SOL into their trading bot! 💎
Now you can seamlessly switch between SOL, ETH, Base, BSC, AVAX, and more! Sign up below 👇
Get Started with Sigma: https://t.me/SigmaTrading3_bot?start=ref=CryptoData
Tutorials: https://docs.sigma.win/getting-started/setup-guide
Quote of the Day 📝
"Tomorrow is never guaranteed, so live for today."
❌ BEWARE OF SCAMMERS! I WILL NEVER DM YOU FIRST ❌
+3
📊 Market Update 📊
The market had a nice relief pump today after the weekend, but fell short at the daily close. One of the biggest culprits was the Ledger CTO warning of "large-scale" crypto hack in the JavaScript ecosystem and advised against making on-chain transactions. This caused FUD in the market which in turn halted some of our momentum. Although there were still some interesting developments:
✅ BTC saw 364M of ETF flows while ETH saw -96M, indicating that institutions are still favoring the former asset.
✅ Supreme Court ruled Trump can fire FTC Commissioner. This will allow him to further his agenda for the market and policies.
✅ US House Committee on Financial Services calls for the Senate to pass crypto 'Clarity Act' market structure bill. I'm still expecting this to be passed by the end of September.
✅ Nasdaq files with the SEC to allow tokenization and blockchain listing of stocks. More adoption is on the way.
✅ SEC to host public crypto roundtable on October 17. This will be another catalyst as we approach it next month.
✅ WLD surged over 44% today, fueled by a new university partnership and institutional backing. This shows that AI is still very much in the limelight for a resurging narrative.
✅ CleanCore Solutions bought 285,420,000 $DOGE worth $68M for its treasury strategy, targeting 1 billion $DOGE in 30 days and aiming for 5% of total circulating supply long-term.
✅ Standard Chartered now expects the Fed to cut rates by 50 bps next week after weak U.S. jobs data. This would be a nice catalyst as we approach the Sept 17th.
Upcoming Events
- Sept 9th Nonfarm Payrolls
- Sept 10th PPI Data
- Sept 11th CPI Data
Summary ✍️
Markets are currently pricing in near 100% certainty that the Fed will cut rates Sept 17th, driven primarily by a weak jobs backdrop and rising unemployment with the potential of a 50bps cut. However, the upcoming inflation data on Sept 10th (PPI) and Sept 11th (CPI) could sway the outcome. Soft readings would reinforce the case for easing (and potentially even embolden a larger cut), while hotter than expected figures would cool the fervor, making a modest 25 bps cut a more likely result. This week will undoubtably be volatile, but I remain tentatively bullish with the aforementioned news on the horizon and increasing odds of a 50bps cut :ox:
💸 Bitcoin Analysis 💸
- BTC is still respecting its inverse H&S pattern on the daily while also closing at exactly 112k. While I would've liked to see a close at 112.5k, it still shows a lot of demand near that area.
- While the RSI is still above its signal line, the one thing to keep in mind is the StochRSI is starting to get overbought, which means we could still pump for a few more days but a short-term pullback is on the horizon.
- The 24H liquidity heatmap remains encased between 113k and 110.8k while the 1W heatmap shows liquidity near 114k and very thick liq at 109k (which would be a level I would bid if we have another pullback).
- I'm still watching the daily close and waiting for a close above 112.5k, as that would confirm a bullish uptrend and a higher move to 114k at a minimum to grab the liq in that area.
Major resistance is 112k, 114k, 115.6k, 116.8k, 120k, 123k
Major support is 110k, 108k, 106.4k, 104k, 100k
📊 Ethereum Analysis 📊
- ETH is very close to breaking out of its descending wedge. I feel the MMs are playing games and trying to shake out weak hands on both sides.
- The fact that ETH closed above 4300 is very bullish and shows a strong demand to stay above that level.
- The RSI and StochRSI tell me that it wants to go higher. It's been underperforming vs BTC and even had negative ETF flows while BTC was positive.
- With Tom Lee recently buying, it's only a matter of time before ETH catches up. Practice patience during times like these. It will pay off.
Major resistance is 4500, 4640, 4760 and 4950
Major support is 4300, 4060, 3830, 3630, 3500, 3270, 3050, 2820
Quote of the Day 📝
"Become the person your younger self would be proud of."
❌ BEWARE OF SCAMMERS! I WILL NEVER DM YOU FIRST ❌
+1
📊 Market Update 📊
The market continues to be extremely choppy with a few outperformers such as WLFI and WLD taking center stage. We also had SOL Strategies becoming the first Solana treasury company to be approved for a Nasdaq listing which should create some positive pressure in the future. Later tonight/tomorrow we have the Blood Moon, also known as a Total Lunar Eclipse. This has had mixed reactions in the market with some notable dates below:
Bearish Examples:
May 16, 2022 – During a total lunar eclipse ("super blood moon"), we had the collapse of Terra Luna/UST triggering a crash that sent Bitcoin below $30,000
November 8, 2022 – A blood moon coincided with FTX’s collapse, leading to a ~20% Bitcoin drop that month
Bullish Examples:
October 18, 2013 – Following a lunar eclipse, Bitcoin surged from roughly $200–$250 to over $1,000 by November 2013
August 7, 2017 – Ahead of a total lunar eclipse, Bitcoin rose from about $2,500 to $3,000, then continued climbing throughout the year
Summary ✍️
As you can see, the reactions are mixed, but one thing remains clear. It coincides with either local bottoms or local tops so may sure you stay away from high leverage today/tomorrow as there will be some wild swings going into next week.
💸 Bitcoin Analysis 💸
BTC continues to hold above its major 110k support with the daily RSI and StochRSI both bouncing off of their signal lines. BTC is also forming a potential inverse H&S pattern, which at the very least would take us to 112.4k, but I would look for much higher if it confirms. Our bullish continuation remains a close above 112k with invalidation being a close below 110k (and lower afterwards).
Major resistance is 112k, 114k, 115.6k, 116.8k, 120k, 123k
Major support is 110k, 108k, 106.4k, 104k, 100k
📊 Ethereum Analysis 📊
ETH is still hovering just above its 4300 level, although it's starting to look much better recently. It's forming a descending wedge, which if broken to the upside, will be very bullish. The RSI is also close to crossing above its signal line and the StochRSI is oversold and already crossing above its signal line showing positive momentum. I'll be curious to see if positive ETF flows return Monday which would set the stage for a nice breakout.
Major resistance is 4500, 4640, 4760 and 4950
Major support is 4300, 4060, 3830, 3630, 3500, 3270, 3050, 2820
Quote of the Day 📝
"I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain."
❌ BEWARE OF SCAMMERS! I WILL NEVER DM YOU FIRST ❌
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Get started with Sigma 👉 https://t.me/SigmaTrading3_bot?start=ref=CryptoData
Tutorials: https://docs.sigma.win/getting-started/setup-guide
Now that Sigma is integrated with SOL, I'll be making a lot more SOL calls in the near future, along with alpha plays in my paid group (coming soon). Make sure to sign up with the bot as every call will have a direct "buy link" that's integrated with Sigma so you can purchase the token the instant I post it. No need to switch between multiple bots or use your Phantom wallet to buy SOL memes anymore. Everything is finally all-in-one. Sigma is constantly showing why they're the best trading bot in the game 🤝
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📊 Market Update 📊
Yesterday’s data showed initial jobless claims rose by 8,000 to 237,000 for the week ending August 30th, higher than expected and signaling cooling in the labor market, which helped push market odds for a 25 basis point Federal Reserve rate cut at the September 16–17 meeting sharply higher (now approaching the high-90 percent range.
At the same time, forecasts for today’s nonfarm payrolls estimate only modest job gains (around 75,000–80,000) and a tick up in the unemployment rate to 4.3 percent, reinforcing the narrative of a slowing but not collapsing labor market, conditions that further support the case for a rate cut later this month. A weaker than expected jobs report will be bullish short-term for the market because it reinforces the need for a rate cut (and potentially 50bps at that).
💸 Bitcoin Analysis 💸
- We mentioned BTC should push for another move higher in yesterday's market update and that's exactly what happened. We broke the long-term trendline resistance, retested it as support, then continued higher to 113k (which also lined up with the cluster we were watching on the 24h and 1W heatmap). This is why it pays to study the data and react without emotions.
- Now the 24h heatmap is showing a cluster near 114k and 110.5-111.5k while the 1W only shows 114k. I feel we may still tag higher before eventually chopping lower (a daily close above 113.3k could make things interesting for a move to 116.6k).
- The StochRSI is still looking very strong and the RSI still has room to go after bouncing off of its signal line.
- Make sure you guys are reading these market updates. I spend as much time as possible analyzing the markets so you can stay one step again 💎
Major resistance is 112k, 114k, 115.6k, 116.8k, 120k, 123k
Major support is 110k, 108k, 106.4k, 104k, 100k
📊 Ethereum Analysis 📊
- ETH is barely maintaining above 4300 on the daily so I remain tentatively bullish, but it needs to close above 4500 to show any meaningful form of contuation (that remains major resistance).
- The RSI is looking promising (very close to crossing above its signal line, while the StochRSI is still oversold and crossing to the upside as well).
- An interested metric is the ETF flows. BTC had -229M outflows while ETH had -167M outflows, showing ETH may start to outperform if it can get back into positive territory again.
- The jobs report today will tell us a lot and should set the tone for next week.
- As always, manage risk accordingly and only bid at major support levels on the daily/weekly timeframe while your indicators are in confluence 🤝
Major resistance is now 4500, 4640, 4760 and 4950
Major support is now 4300, 4060, 3830, 3630, 3500, 3270, 3050, 2820
Quote of the Day 📝
"Quit being what others want you to be, and start being who you were meant to be."
❌ BEWARE OF SCAMMERS! I WILL NEVER DM YOU FIRST ❌
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📊 Market Update 📊
The Composite ISM Manufacturing PMI for August came in at 48.7%, up from 48.0% in July—still below the 50% threshold, confirming manufacturing is contracting for the sixth consecutive month, and lifting pressure on the dollar. Overall, the manufacturing sector remains fragile, and the data may reinforce caution for markets watching for signs of a rebound. Soft manufacturing conditions (PMI under 50, contraction persists) keep pressure on the Fed to act. This increases the likelihood of a rate cut September 17th. Importantly, the Nonfarm Payrolls report on Sept 5th could aid this, with a weak job report further solidifying the cut, while strong numbers could temper it.
Regarding other news items:
- Justin Sun announced he's not selling WLFI + introduced yield on HTX
- The WLFI team has issued a new governance proposal to enable a WLFI buyback and burn mechanism. The team has proposed taking 100% of their protocol-owned liquidity fees (on ETH, BSC & SOL) to buy WLFI & burn it.
- President Trump says there will be an "emergency meeting" tomorrow on the tariff ruling.
- Treasury Secretary Bessent says President Trump might declare a national housing emergency in the coming months.
- SEC & CFTC allow spot trading of certain cryptocurrencies on US registered exchanges.
- Ethereum Foundation announces intent to sell 10,000 $ETH worth $43 million
- California Governor Gavin Newsom to launch crypto memecoin.
Upcoming Events
- Sept 4th Initial Jobless Claims
- Sept 5th Nonfarm Payrolls and Unemployment Rate
- Sept 10th PPI
- Sept 11th CPI
Summary ✍️
As you can see, there will continue to be a lot of volatility this week. Luckily we're seeing some relief in the market (BTC and SOL bounce), which is exactly why you remain patient and buy at major support levels on the daily/weekly timeframes while everyone else calls for lower. The recent PMI data was good for rate cuts, but the big factor will be the jobs report on Sept 5th. If that comes in weak, the markets will rally, if it comes in strong, it may cause more turbulence as it could potentially signal no rate cut (I still think it'll happen). Despite the volatility, there are still plenty of opportunities in the market. Never FOMO into trades and always wait for them to come to you. We still have a long ways to go this cycle.
💸 Bitcoin Analysis 💸
- BTC looks great on the daily as our support of 107-108k held and the RSI/StochRSI are both crossing to the upside above their signal lines.
- The 24H heatmap shows clusters near 112.4k and 109.1k while the 1W shows clusters near 112.5k/114k and down at 106.7k.
- I'm not sure we'll reach the lower end this week. It seems that everything wants to run now.
- The big thing to watch is the daily trendline resistance. If it can close above that, it'll be extremely bullish.
- I'll continue to watch ETF flows this week and see if institutions agree (and inflows return).
Major resistance is 112k, 114k, 115.6k, 116.8k, 120k, 123k
Major support is 110k, 108k, 106.4k, 104k, 100k
📊 Ethereum Analysis 📊
- ETH is currently lagging now, barely hanging on to its 4300 support.
- There's been news of the ETH foundation planning to sell $43mil worth, which isn't a lot, but could indicate a short-term top if other players follow suit.
- The silver lining is the daily StochRSI is oversold and very close to crossing to the upside above its signal line, while the RSI is neutral but slightly curving to the upside as well. Although keep in mind the weekly is bearish so that will most likely come into play by mid September.
- If 4300 fails, I'm still looking to DCA at 4060 and 3830.
Major resistance is now 4500, 4640, 4760 and 4950
Major support is now 4300, 4060, 3830, 3630, 3500, 3270, 3050, 2820
Quote of the Day 📝
"It's never too late to become what you might have been."
❌ BEWARE OF SCAMMERS! I WILL NEVER DM YOU FIRST ❌
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📊 Crypto Market Update 📊
Regarding the PCE and Consumer Sentiment data that came out yesterday, it showed headline inflation steady at 2.6% while core ticked up to 2.9%, pointing to sticky price pressures even as consumer spending remained resilient. At the same time, consumer sentiment fell to 58.2 with inflation expectations creeping higher, showing households are more cautious. Together, the data reinforces expectations for a quarter-point Fed rate cut on September 17th, but rules out a larger move given inflation remains above target. This is partly why we saw mixed reactions in the market. Although I still remain tentatively bullish. Regarding recent news items:
- US Appeals Court found Trump's global tariffs illegal, although Trump said "all tariffs are still in effect" despite the ruling (which also added to volatility in the market)
- China National Petroleum, One of the world’s largest energy firms, to launch feasibility study on cross-border stablecoin payments
- Bitfinex-backed Plasma secures EtherFi partnership with $500 million ETH vault integration
- Amplify ETFs files for $XRP Monthly Option Income ETF
- SoFi Technologies (SOFI) Partners with Lightspark to Enable Money Transfer on Blockchain
- Whale holding over $5,000,000,000 of $BTC is buying $ETH (this will only continue)
- Gucci now accepts payments in cryptocurrencies including $ETH and $DOGE at select U.S. stores
- Bitcoin ETFs: -$126M net outflows
- Ethereum ETFs: -$164M net outflows
Upcoming Events
- Sept 1st WLFI token launch
- Sep 7th Full Moon
Summary ✍️
The market remains stagnant during this low liquidity weekend. ETF flows were negative which shows institutions are taking a risk-off approach for the time being. Although I'm still expecting a bullish first week of September as the rates cuts will inevitably get front-ran and the hype starts for the World LibertyFi launch. We also have the Full Moon which has historically been bullish 70% of the time. BTC is also near major support between 107-108k, and as long as it can hold that, alts should perform well. As always, remain patient during times like these and only bid at major support levels on the daily/weekly timeframes.
💸 Bitcoin Analysis 💸
- BTC had quite the flush earlier but has since bounced from the 107-108k support area.
- The StochRSI is oversold and the RSI is starting to curve back to the upside, showing potential bullish momentum.
- The 24H liquidity heatmap shows a nice cluster near 109.4k and 107.2k. We're closer to the former which makes me believe we'll continue higher before a flush. This is also supported by the 1W showing much more liquidity to the upside.
- We also have the CME gap from 114.2-116.8k which should eventually get filled.
Major resistance is 110k, 112k, 114k, 115.6k, 116.8k, 120k, 123k
Major support is 108k, 106.4k, 104k, 100k
📊 Ethereum Analysis 📊
- ETH bounced nicely off of our 4300 support while its daily StochRSI is still oversold.
- The thing that makes me cautious is the weekly RSI and StochRSI are still very overbought and crossing to the downside, which means we may see some temporary upside from the daily but another flush as the weekly fully plays out (which will most likely be mid September-mid October).
Major resistance is now 4500, 4640, 4760 and 4950
Major support is now 4300, 4060, 3830, 3630, 3500, 3270, 3050, 2820
Quote of the Day 📝
"Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win." - Sun Tzu
❌ BEWARE OF SCAMMERS! I WILL NEVER DM YOU FIRST ❌
