In him latest In a daily technical outlook, Cryptowzrd emphasized that Bitcoin has closed the day with its tombstone doji, and is above a critical level. Analysis shows that to maintain momentum and push prices up to $120,000, you need a more bullish candle resistanceespecially as the market is fighting against the underlying pressures that are underway.

Despite the weak NFP print, fundamentals support Bitcoin

Cryptowzrd emphasized that Bitcoin’s daily candles are closed for indecisiveness and show uncertainty as the market evaluates its next move. Despite this indecisiveness, BTC has surpassed the key level of $110,500, which continues to function as a strong support zone. This level remains important in determining whether you are bullish or not. Momentum It can be maintained in the short term.

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Analysts noted that Bitcoin remains at a bullish edge in the face of lower than expected NFP prints caused by the basic commentary. This development suggests a wider market Feelings It still supports BTC, and its technical strength is strengthened by macroeconomic factors.

From a weekly standpoint, traditional markets have been shut down with bullish memos, further supporting the potential benefits of Bitcoin. However, to solidify confidence in a rally heading towards a $120,000 resistance level, you need a series of consecutive bullish daily candles. Without this confirmation, the market remains a retention pattern, leaving room for volatility and short-term swings.

On the downside, he warned that if Bitcoin falls below $110,500 by the middle of the week, it could open the door deeper Correctionpotentially testing a support zone of $100,000. Such movements will shift and increase market dynamics Sales pressure It creates strategic opportunities for traders to position for short-term downside plays.

Over the weekend, Cryptowzrd will ensure that your current position is above $110,500, while closely monitoring low frame charts to identify viable scalp opportunities.

Intrinsic volatility driven by NFP and market foundations

Conclusion of his analysis, analysts highlighted that BTC’s intraday charts are volatile and affected by recent basic commentary and lower NFP prints than expected. This volatility reflects market uncertainty as traders weigh both technical and macroeconomic factors.

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He said that a critical move above $113,200 shows stronger bullish momentum and potentially pushing. Bitcoin It will help you secure your current position higher. Such a breakout indicates that buyers are regaining control of the market.

Meanwhile, a drop below $110,400 can open the door to gain additional drawbacks. For now, Analyst We will be patiently waiting for the market to form a more mature trade setup before taking the next practical position.

Getty Images Featured Images, Charts on tradingView.com

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Bitcoin: Powell brings bearish lower high

Bitcoin BTC$111,747.10 has retraced to levels last seen before Federal Reserve Chair Jerome Powell’s dovish remarks on Friday, which set expectations for a potential rate cut in September.

At the time of writing, BTC is trading just above $112,000, having peaked at around $117,440 on Friday. Technical scrutiny of the daily chart reveals that the pullback from the $117,000 peak has established a lower high in close proximity to the resistance line defined by the previous bullish trendline originating from the April lows.

This lower high reinforces the prior trendline breakdown, signaling a continuation of bearish price action. Complementing this observation, the Guppy Multiple Moving Average (GMMA) indicator is poised to confirm a bearish momentum shift, highlighted by the imminent crossover of the short-term exponential moving averages (white band) below the longer-term averages (red band).

On the weekly chart, the MACD histogram has initiated the new trading week with a sub-zero reading, highlighting the potential acceleration of downward momentum.

In summary, what do you say about a market that not only resists a sustainable rally on the back of favorable news – such as Powell’s speech – but also maintains a series of bearish technical patterns? I’ll leave it to the readers’ discretion.

Key technical support lies at the $110,756 level, corresponding to the lower boundary of the Ichimoku cloud, with a more substantial support zone marked by the 200-day simple moving average near $100,000. Conversely, reclaiming Friday’s high of $117,440 is essential to resurrect the bullish case.

• Support: $110,756, $100,887, $100,000.
• Resistance: $117,440, $120,000, $122,056.

Ether: Loss of upward momentum

Ether (ETH) printed a doji candle with a prominent upper wick on Sunday, signaling market indecision at record highs. This candlestick pattern forms when the opening and closing prices converge, reflecting a stalemate between buyers and sellers.

However, the relatively long upper shadow, in this case, means that the bull’s attempts to push prices higher faced significant pushback from bears, who managed to pull the price back down before the close.

While the doji itself does not guarantee a reversal, it highlights uncertainty and a possible loss of upward momentum. It warrants caution as it often precedes a potential reversal or a consolidation phase where the market awaits further catalysts for direction.

A pullback appears likely, as the 14-day relative strength index continued to print lower highs over the weekend, contradicting the new price high. The so-called bearish divergence indicates a loss of upward momentum and often yields corrections.

Interestingly, ether traded 3% lower on the day at $4,624 at press time, with charts indicating support at $4,065, the level from which ETH turned higher on August 20.

• Support: $4,065, $4,000, $3,805 (the 50-day SMA).
• Resistance: $5,000, record highs.

Read more: Bitcoin Reverses Powell Spike With a Flash Crash as Options Market Signals Jitters Ahead

Ethereum is stable above the $1,800 level despite multiple failed attempts attempting to rise. Current price action shows potential shifts that compress the volatility to make a big move in either direction and build momentum. Analysts now believe that ETH is approaching a critical inflection point after months of pressure and weaker performance sales compared to Bitcoin.

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Top analyst Ted Pillows highlighted the formation of long legged Doji candles in Ethereum’s monthly time frame, sharing important technical observations. This type of candle usually reflects intense market indecisiveness, with both bulls and bears testing the extremes, but neither side gaining clear control by the end. It is often seen near major turning points, especially after long downtrends and integrations.

If Ethereum can regain the $2,000 level in upcoming sessions, it will confirm bullish intentions and open the door to a stronger gathering. On the other hand, not holding more than $1,750 can cause updated downside pressure and potentially retesting deeper support zones.

For now, ETH remains trapped in a tight range, but the technical setup and market structure suggest that a critical breakout could quickly define Ethereum’s path in the coming weeks.

Ethereum Key Resistance Levels are restricted upside down

Ethereum has been below the $2,000 level since late March, but this long-term integration shows a market that is still searching for directions. Despite bounces off the local lows, ETH is above 55% from its December high. This reflects the broader weaknesses of the Altcoin market. The Bulls manage to hold the $1,800 level, but to see a meaningful inversion, they need a sustained breakout on top of high supply zones like $2,000-$2,100.

In the short term, Ethereum has begun to build a more bullish structure, with higher and lower values ​​being formed across the daytime charts. This suggests that, despite the strong pressure from the seller, the Bulls are gradually regaining control. During upward movements, volume continues to fade, and without a critical breakout, prices may continue to be chopped sideways or revisit support zones near $1,700 or $1,550.

Market sentiment is carefully optimistic, and analysts are closely watching technical signals for confirmation. Pillow pointed out that ETH recently formed long-legged Doji candles on their monthly charts.

If this candle marks a turning point, Ethereum may be preparing for a breakout. However, the risk of moving to a lower demand zone remains very realistic until the Bulls regain important resistance.

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ETH Prices will be integrated as Bulls Eye Breakout

Ethereum currently trades for $1,830 and owns the company after several days of tough integration between $1,750 and $1,850. This narrow range defines recent price action as the Bulls and Bears remain trapped in standoffs close to key resistance. A critical breakout above the $1,850 level is important for the Bull to maintain control and see the inverted structure. Reclaiming the $2,000 zone will trigger new buying momentum and change short-term emotions and turn them upside down.

However, the longer ET stays at the upper limit below the resistance, the higher the risk of failure. If the Bulls can’t push past the $1,850 level anytime soon, sales pressure could be increased. A loss of $1,750 in support could open the door to return to the $1,700 zone. Further weakness from there could potentially lower ETH and retest the $1,500 level of demand that had previously intervened.

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Macroeconomic uncertainty is still heavy with markets and Etham performance lower than Bitcoin, so traders are watching the critical moves carefully. Until then, ETH remains trapped in a tighter range with increasing momentum, with breakouts and breakdowns likely turning corners.