
 Technical Analysis
Price has decisively broken out of the descending channel highlighted in recent weeks. The weekly support zone between 1.1540 – 1.1580 is holding, triggering a significant technical reaction. The weekly RSI has entered oversold territory, suggesting a potential short-term reversal.
Key Support: 1.1530–1.1580 (currently reacting)
Key Resistance: 1.1720–1.1780 (inefficiency & supply zone)
Base Case: Potential rebound toward 1.1720–1.1750 before next structural decision
🧠 Sentiment Analysis
82% of retail traders are long, with an average entry at 1.1635
Only 18% are short, a clear minority
This extreme imbalance suggests downside pressure may persist to flush out weak long hands before a genuine reversal takes place.
 COT (Commitment of Traders)
USD Index:
Non-Commercials increased both long (+663) and short (+449) positions → uncertain stance but slight USD strengthening
EUR Futures:
Non-Commercials increased long (+6,284) and short (+8,990) positions, but net increase favors the bears
This shift signals a bearish turn in sentiment among large speculators, indicating short-term downward pressure.
 Seasonality
In July, EUR/USD historically tends to rise, but:
This year’s price action is underperforming the seasonal pattern, showing relative weakness
August is historically flat to slightly bearish
Seasonality does not currently support a strong bullish continuation
 Strategic Conclusion
Current Bias: Bearish-neutral (with short-term bullish bounce expected)
A technical rebound toward 1.1720–1.1750 is likely (liquidity void + RSI bounce + retail imbalance)
However, 1.1720–1.1750 is a key supply zone to monitor for fresh shorts, in line with:
Dollar-supportive COT data
Overcrowded long retail positioning
Weak seasonal context
🧭 Operational Plan:
Avoid holding longs above 1.1750 without macro confirmation
Monitor price action between 1.1720–1.1750 for potential short re-entry
Clean breakout above 1.1780 → shift bias to neutral/bullish
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️ The Hook
 Ethan’s Spiral
️ The Shift
 Final Takeaway
 While BTC chills at $114K, $ETH is quietly leading the next leg up.
️ Coinbase is getting it from all sides:
️ Bakkt is accused of misleading investors about losing key clients (Webull + Bank of America), resulting in a 73% revenue collapse. Lawsuit seeks a jury trial.
 LIBRA — the memecoin tied to Argentine President Javier Milei — is under fire after its price pumped and dumped post-Milei endorsement. Investors are suing for manipulation and fraud.
 Pump.fun, the memecoin launchpad, is facing a RICO lawsuit, accused of operating like a rigged slot machine, enabling billions in rug pulls with no actual products or projects behind the tokens.
 Nike is being sued for rug-pulling its RTFKT NFT platform, allegedly leaving collectors with worthless assets. Plaintiffs are seeking $5M+ in damages, accusing Nike of pushing unregistered securities.
 Why it matters:
 And if history is any guide, these cases will drag on for years — with massive reputational and financial consequences in play.







 Why? Fed Chair Jerome Powell @ Jackson Hole hinted at rate cuts coming.
️
 Market Takeaways

 What changed?
️ Industry reactions:


 DeFi is booming again:
️ The Bigger Picture
 Takeaway