Downward Order Flow and NFP Test: Trader Predicts Movement of Two Major Cryptocurrencies

The beginning of a new month hasn’t sparked an impulsive breakout in the cryptocurrency market. Bitcoin has ignored last week’s upward scenarios; local peaks remain untouched. Rather than undergoing a full technical correction, its chart has transitioned into a phase of sluggish decline, forming a downward order flow.
The geopolitical tensions from late July turned out to be mere verbal interventions without actual escalation. This led to local stop-orders being triggered for long positions. As August began, the market was squeezed between two key points: last week’s low at $62,228 and the resistance zone around $64,000.

Bitcoin Technical Overview and Scenarios

Current structures indicate a lack of liquidity above and the need to work with lower pools before establishing a medium-term trend.
Scenario A – Liquidity Collection Below and Rebound: Two apparent zones of attraction have formed below: last week’s minimum at $62,228 and an hourly price imbalance (1H FVG) around $61,000. Within this movement lies the potential for both quick breaches with subsequent purchases or deeper dives covering inefficiencies. Retesting $60,000 from below also remains valid.
Scenario B – Manipulative Surge Before Decline: A technical breach of last week’s lows followed by a V-shaped rebound into upper four-hour price imbalances (4H FVG) could gather short liquidity before resuming corrective movement. A packed macroeconomic calendar this week creates ideal conditions for two-sided swings.
Scenario C – Continuous Decline Without Pullback: The least likely option involves sellers intensifying pressure without prior pullbacks or upper liquidity gathering. The chart continues falling uninterruptedly while updating local lows.

Key Fundamental Triggers This Week

– **Strategy Report**: The market eagerly awaits current data from Michael Saylor’s company—whether it continued accumulating fiat reserves for future interventions or made its first Bitcoin spot purchase in two months.
– **Macroeconomic Block PMI, ADP & NFP**: Reports on US business activity and labor markets will be crucial. Friday’s non-farm payroll data will significantly impact the Federal Reserve’s upcoming autumn meeting decisions affecting dollar index dynamics (DXY).
– **Middle East Track & Oil Factor**: Washington’s rhetoric shifts towards finding negotiation lines amidst depleted strategic oil reserves (SPR) ahead of Senate elections requiring economic stability without causing energy price shocks.
– **Big Tech Earnings Season**: Results from tech giants will determine AI sector trends’ resilience affecting overall stock market dynamics potentially leading to temporary decoupling from crypto markets.

Ethereum – Barrier at $2000

Ethereum followed similar dynamics; sellers quickly absorbed its strong initial impulse while holding firm psychological support at $2000 despite news surrounding its network’s 11th anniversary. However crucial liquidity pools above remain unengaged raising questions about whether current declines signify genuine corrections or intermediate pullbacks.
Ethereum’s key reference point remains Bitcoin behavior alongside dominance index strength impacting broader impulses in both directions:
Scenario A – Synchronous Rebound Behind Leader: Mirroring Bitcoin structure correction towards last week’s minimum zones gathering liquidity followed by upward reactions with nearest resistance being 4H FVG near $1925 opening pathways back towards monthly highs reaching mark$2000 if surpassed successfully;
Scenario B– Deep Unloading:Aggressive rise till$2000 left significant inefficiencies under present prices yet untested possibly prompting deeper coverage should US unemployment figures prove strong amid overall market cooling trends;
Scenario C– Cascading Position Dumping :The least probable scenario involves continuous fall without retracement potentially aiming downwards towards$1500 testing unswept liquidity levels like$1384 under worsening macro environment conditions;

DXY Index – Aggressive Sell-Off After Macro Block Test 99 .652 Awaited NFP

Last trading week crushed bullish drives within Dollar Index owing largely due published slowdown inflation data particularly Core PCE dipping down low0 .1% coupled cooling American economy GDP hovering around1 .5% against forecast2 .1%, triggering strong selling impulse DXY veered away upper resistances plummeting sharply breaking prior supports registering fresh weekly minimum mark99 .652 presently trading near99 .820 enclosed newly formed four-hour frame volume gap just over weekly bottom limits found zone heightened sensitivity now dedicated wholly examining state United States labor markets ranging JOLTS ADP concluding final result Friday compelling dollar set decide medium-term movement direction
Professional writing combined with insightful analysis enhances understanding among seasoned enthusiasts seeking comprehensive updates concerning ongoing developments shaping global digital currency landscapes today!