Watch out for the bull trap in Bitcoin (BTC), XRP, DOGECOIN as S & P 500 Prints Wedge, waving American inflation
This is a daily analysis by Coindsk analyst and omkar Godbook.
The main encrypted currencies operate, with the leading bitcoin currency on the market Show a classic inverse outbreak of the head and shoulder It can be paid about $ 120,000.
But there is hunting. The daily chart of the S& P 500 E-MINI is a declining pattern, indicating potential sales that can affect the cryptocurrency market and bulls on the wrong side of the market.
S & P 500 score high with a height of the wedge
E -mail futures increased by approximately 5 % to a record level of $ 6,542 since August 1. The slow upness has taken the form of an escalating wedge pattern that was identified by the convergence of trend lines connected to July 31 and August 15.
Converged trend lines indicate that the upscale momentum is diminishing, which increases the probability of the sale.
When it is asked to determine the future style of the S&P 500, Google Gemini answered: “When a growing wedge appears, a declining reflection pattern, it appears after an extensive gathering to record altitudes, it greatly increases the possibility that there will be sharp on the negative side. Return.”
It is known that encrypted currencies closely track Wall Street’s feelings, which means that the potential decrease in S&P 500 can affect bitcoin and other cryptocurrencies.
Eyes inflation
The possibility of collapse in the consumer price index in the United States may rise on Thursday if (CPI) Print more hot than expected. Such a result, along with Weakness of the last job marketReviving fears of recession-the worst acres of risk assets-on additional pressure and cryptocurrencies alike.
The expected average of the US consumer price index (CPI) In August 2025 it is an increase of 2.9 % on an annual basis (Other than a seasonal average)and According to facts. If this estimate is correct, it will be the highest annual increase since January 2025, when the consumer price index reached 3.0 % and exceeded the goal of the Federal Reserve by 2 %. In addition, this number 2.9 % will exceed the decrease infection rate of twelve months of 2.6 %.
More importantly, medium appreciation (On an annual basis, not seasonal amendment) For the basic CPI, which excludes food and energy, it is 3.1 %.
BTC, already biased eth options
Risk repercussions 25-DELTA associated with bitcoin options full of convenience and ether options were negative until the end of December, according to Amberdata data. In other words, the short and repeated BTC and ETH placement places trading in addition to calls, which reflects a bias to protect the negative side.
The buyer’s option protects from a decrease in the basic asset value. The call provides an asymmetric iodine exposure. The risk reflection of 25-DELTA includes the simultaneous purchase of the option to place and sell a call, or vice versa.
According to the founder of Insights, IMRAN Lakha, it is possible that the bias are in BTC Because of the institutions that put long -term hedges. Infloring continued in the low direction in the model of the non -prescription technology platform.
“You flow again [ETH] September 26th placed 4K, lifted to 73 volts, “the model indicated.
XRP is not decisive, Doge looks at the north
While BTC’s reverse penetration, indicates a strong upward trend, the XRP price appears to be uninterrupted.
The encrypted currency that focuses on payments remains closed in a descending triangle and continues to circulate within Ichimoku cloud. Together, these indicators indicate a period of monotheism and uncertainty.
The collapse of the triangle may call for a stronger purchase pressure, which may lead to a re -test of $ 3.38, and it swings high from August 8. However, the descendant triangle, in itself, is a declining pattern. This is because the climbing, climbing trend line that connects its highest low levels indicates that sellers are gradually increasing and can soon penetrate the level of horizontal support.
When talking about Doug, the bullish trend line recovered from its lowest level in June, where sellers carry on the wrong side of the market. In addition, the prices crossed to upward lands above the Ichimoku cloud, which indicates a scope to test the highest level in July 28.76 cents.
However, traders still need to pay attention to a potentially increasingly sporadic breakdown in the future of the S&P 500, as the reflection there can gain gains in Dog and weighs their price momentum.
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