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BTC is pushing back toward the invalidation zone, but the bearish structure is not invalidated yet.
A wick above $82.7K alone would not be enough. I’d want to see a convincing close above it and then acceptance/retest.
If BTC rejects below $82.7K, the bearish ABC/Y scenario remains valid, keeping $65K → $57.5K → $49.5K area in play.
If BTC reclaims and holds $82.7K, this specific bearish count should be reconsidered rather than forcing the old thesis.
For now: let’s see how the invalidation plays out.
#XAI is starting to show a possible reversal from the bottom of the falling channel.
Price is currently around $0.00679, and it already reacted from the lower support area near $0.0058 to $0.0060. After a long downtrend, this is the first sign that buyers are trying to step back in.
If bulls can hold above $0.0065 to $0.0068, #XAI can move toward the channel resistance around $0.0080 to $0.0085 first.
A clean breakout above that falling resistance would make the setup stronger, with upside targets around $0.011, $0.015, and possibly $0.022 to $0.026 if real momentum comes in.
But the breakout is not confirmed yet. If price loses $0.0060, this can still become another fake bounce inside the downtrend.
For now, #XAI is showing early reversal signs, but bulls need to hold this area and break the falling channel properly.
#ATS Swing Buy SETUP
🎯 Targets:
1️⃣ $0.1200
2️⃣ $0.1500
3️⃣ $0.2200
4️⃣ $0.4000
5️⃣ $0.6360
❌ Invalidation: Below $0.0493
#BTC is still inside the same corrective Elliott Wave structure, and the bearish count is not invalidated yet.
BTC is currently around $63,384. Price is moving sideways after the previous drop, but this still looks more like a corrective pause than a confirmed reversal.
The way I’m reading it:
Wave A already gave the first strong drop.
Wave B gave the recovery bounce.
Now Wave C still has room to continue lower.
Inside this current structure, BTC looks like it may be forming a smaller corrective bounce before the next downside leg. If BTC cannot break above the local resistance area around $67,000 to $70,000, then the next move can still be lower.
The main downside zone I’m watching is around $48,500 to $42,500. If Wave C extends fully, BTC can even move toward the $42,000 to $39,000 area before a stronger reversal.
For this bearish Elliott Wave count to become weak, BTC needs to reclaim the upper invalidation area around $82,700 with strength. Until then, I’m not treating small bounces as a full trend reversal.
So for now, my view is simple: BTC can still bounce short term, but unless bulls reclaim $67k to $70k strongly, the bigger correction toward $48.5k to $
🇺🇸 U.S. CPI DATA DUE TODAY, WHAT SHOULD MARKETS EXPECT?
Markets are pricing in 3.4% CPI.
A reading above 3.4% could weigh on Bitcoin and other risk assets, while a softer-than-expected print could revive buying momentum and support a broader market rebound.
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BREAKING:
🇺🇸 US ISM PMI CAME IN AT 55.6
EXPECTED: 54
HIGHEST LEVEL IN 4 YEARS
Chances for a red August are historically high :(
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#UAI has shown a strong recovery move after holding the rising support structure and breaking above the descending resistance trendline. The breakout has pushed price back into a major supply zone, where the next direction will likely be decided.
A successful reclaim above the 0.399 - 0.450 resistance area could open the way toward the next target around 0.634. However, rejection from this zone may trigger a retest of the breakout area before the next move.
Key levels:
🟢 Support: 0.399 →0.299 → 0.234
🔴 Resistance: 0.450 → 0.634
📈 Bullish scenario: Holding above the breakout zone could continue the recovery toward higher targets.
📉 Bearish scenario: Failure to break the supply zone may lead to a pullback toward previous support levels.
#NEAR is still compressing inside a falling wedge / descending channel.
Current price is around $1.63, and price is now very close to the upper resistance trendline. This is the area where bulls need to show power.
If #NEAR breaks above $1.65 to $1.70 with strength, then we can see a move toward $1.80 first, then $2.00 to $2.10.
But if it rejects from this trendline again, price can come back toward the lower support area around $1.50 to $1.45.
For now, I wouldn’t call the breakout confirmed yet. #NEAR is at a decision point, and we need to see whether buyers can finally break this falling structure.
🇺🇸 S&P 500 hits 7,800 for the first time in history
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PPI 0.0% MoM, Exp. 0.2%
PPI Core 0.2% MoM, Exp. 0.3%
PPI 4.7% YoY, Exp. 4.9%
PPI Core 4.2% YoY, Exp. 4.1%
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#PUMP
Price continues to maintain a strong recovery structure, trading inside an ascending channel with consistent higher highs and higher lows. The recent move has pushed price toward the upper boundary of the channel, where a breakout attempt could determine the next direction.
A confirmed breakout above the current resistance area could open the path toward further upside, while rejection from the channel top may lead to a short-term pullback toward the nearby support zones.
Key levels:
🟢 Support: 0.00218 → 0.00204
🔴 Resistance: 0.00278 → 0.00337
📈 Bullish scenario: Holding above 0.00218 and breaking the channel resistance could continue the upward move.
📉 Bearish scenario: A rejection from the upper channel may trigger a retest toward lower support before the next attempt.
#BTC Update
Since the previous analysis, BTC followed the expected rejection scenario instead of reclaiming higher resistance. The rally into the $66K to $69K region was rejected, and price has now rolled over, keeping the larger bearish Elliott Wave count intact.
The current structure still suggests Wave C is in progress, with recent price action forming a lower high before continuation to the downside. As long as BTC remains below the recent swing high, the path of least resistance continues to favor further weakness.
The $49,000 to $47,000 support zone remains the primary downside target, where a stronger reaction from buyers is expected. However, if selling pressure accelerates and Wave C extends, BTC could still decline toward the $43,000 to $39,000 region before a larger trend reversal develops.
The bearish outlook remains valid unless BTC reclaims the invalidation level near $82,721 with strong momentum. Until that happens, I continue to view rallies as corrective bounces rather than the start of a new bullish trend.
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#OGN is approaching a major support area inside its long-term descending channel after a prolonged bearish trend. Price is currently testing the lower boundary of the structure, where buyers need to step in to prevent further downside.
A recovery attempt could start if OGN holds the 0.0143 - 0.0137 support zone and reclaims the 0.0162 - 0.0174 resistance area. A stronger breakout above 0.0219 would confirm increasing bullish momentum.
However, failure to defend the current support zone could push price toward the lower levels of the channel and continue the long-term downtrend.
Key levels:
🟢 Support: 0.0143 → 0.0137
🔴 Resistance: 0.0162 → 0.0174 → 0.0219
📈 Bullish scenario: Holding channel support and reclaiming resistance could trigger a recovery toward higher levels.
📉 Bearish scenario: Losing the support zone may extend the bearish continuation.
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