ICYMI

Here are the top stories for the week

• Spot Bitcoin ETFs Record Highest Inflows in Over Five Weeks

• Germany Offloads Final Bitcoin Holdings Amidst Market Turbulence

• Coinbase Report Highlights U.S. Economic Slowdown and Market Volatility

📈 Spot Bitcoin ETFs Record Highest Inflows in Over Five Weeks

On July 12, U.S.-based spot Bitcoin ETFs saw significant inflows totaling over $310 million, the highest since June 5, with major contributions from BlackRock and Fidelity, leading to a cumulative $1.04 billion in inflows since July 8.

• Spot Bitcoin ETFs in the U.S. recorded $310 million in inflows on July 12, the largest since June 5.

• BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund led with $120 million and $115.1 million, respectively.

• Since July 8, spot Bitcoin ETFs have garnered $1.04 billion in inflows, while total net inflows since launch have reached $15.8 billion.

👛 Germany Offloads Final Bitcoin Holdings

Germany's government sold its remaining Bitcoin holdings, totaling 3,846 BTC, on July 12, contributing to market pressure and keeping Bitcoin below $60,000, while institutional investors took advantage of the dip.

• Germany's government sold its last 3,846 Bitcoin on July 12, primarily to institutional entities.

• The sale, part of a larger offload of 50,000 Bitcoin over three weeks, kept Bitcoin prices below $60,000 and its 200-day exponential moving average.

• Despite selling pressure, institutional investors bought the dip, with U.S. Bitcoin ETFs seeing $295 million in inflows for the week of July 8.

🇺🇸 Coinbase Report Highlights U.S. Economic Slowdown and Market Volatility

Coinbase's weekly market report reveals signs of a slowing U.S. economy with rising unemployment and inverted yield curves, suggesting potential rate cuts and increased volatility before improvement in late September.

• The U.S. unemployment rate rose to 4.1% in June, and the Treasury yield curve has been inverted since mid-2022, signaling a potential recession.

• Analysts predict the Federal Reserve may cut interest rates starting September 18 due to economic slowdown indicators.

• Despite potential rate cuts and upcoming U.S. elections possibly boosting fiscal expansion, market volatility is expected to continue over the next two months.

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Dogecoin(DOGE)

Dogecoin Price Alert: Don't Miss These Critical Levels!

Price Movements: recent movements in Dogecoin's price on the 4-hour chart show a gradual upward trajectory from $0.10732 to $0.10862, indicating a steady accumulation phase. The 9 EMA has stayed below the 20 EMA, suggesting a short-term bearish sentiment. However, the narrowing gap between these averages indicates a potential bullish crossover if the upward momentum continues. The MACD indicator has shifted from a bearish to a potentially bullish outlook, with the histogram turning positive and the MACD line moving closer to the signal line, suggesting a potential bullish trend.

Key Levels to Watch: major price points for Dogecoin include significant resistance at $0.10934, with subsequent levels at $0.10967 and $0.10981. A successful break above these levels could lead to robust upward movement. On the downside, key support levels are $0.10739, $0.10578, and $0.10235. Falling below these supports might trigger further downside pressure, making these points critical for setting stop-loss orders to mitigate risk. The RSI values have increased from 48.22 to 53.73, moving from neutral to slightly bullish, suggesting further upward price movement.

Potential Trade Strategies: long positions could be considered if Dogecoin breaks above the $0.10934 resistance level, targeting subsequent resistance levels at $0.10967 and $0.10981, with a stop-loss below $0.10739. Conversely, short positions could be considered if Dogecoin fails to break the $0.10934 resistance, with targets towards the support at $0.10739 and lower levels, and a stop-loss above $0.10967. These strategies provide clear entry and exit points based on the identified key levels and technical indicators.

Pepe (PEPE)

Pepe Coin Price Prediction: Major Breakout Ahead

Price Movements: Recent closing prices around $0.0000089 reflect slight upward movement within a tight consolidation range. The technical indicators reveal a bearish sentiment, with the 9 EMA at $0.00000887 below the 20 EMA at $0.00000892. The MACD also indicates bearish momentum, although the decreasing negativity in the histogram suggests a possible weakening of this trend. The RSI hovering in the mid-40s signals a neutral market, indicating potential room for upward movement if buying interest increases.

Key Levels to Watch: major level to keep an eye on for Pepe coin include a major resistance at $0.00000930, with a break above this potentially leading to higher levels such as $0.00000941. On the downside, the crucial support level is at $0.00000855, with additional support at $0.00000838 and $0.00000836. These levels provide important indicators for potential price movements and should be monitored closely by traders.

Potential Trade Strategies: long positions could be considered with an entry around $0.00000855, targeting exits near $0.00000930 or higher if bullish momentum continues, with a stop-loss below $0.00000836. Conversely, short positions could be taken near the resistance level of $0.00000930, exiting close to the support at $0.00000855 or lower if bearish momentum persists, with a stop-loss above $0.00000941 to mitigate risk. These strategies align with the current technical outlook, providing clear entry and exit points.

Notcoin (NOT)

Bearish Trends in Notcoin Price Show Signs of Weakening

Price Movements: Notcoin is currently experiencing a period of consolidation, with minimal fluctuations observed in the range of $0.01503 to $0.01529 over the past five sessions. This tight trading range indicates that the market is preparing for a significant move. The 9 Exponential Moving Average (EMA) remaining below the 20 EMA highlights a short-term bearish trend, suggesting continued downward pressure unless a significant bullish catalyst emerges. Additionally, the MACD indicator supports this bearish sentiment, although the narrowing gap between the MACD and the signal line suggests that bearish momentum is weakening, hinting at a potential bullish crossover.

Key Levels to Watch: Levels to keep an eye on for Notcoin include support at $0.01509 and $0.01479. A breakdown below these levels could trigger further selling pressure and test lower supports. Conversely, resistance levels at $0.01596 and $0.01615 are crucial for the bulls. A sustained move above these resistance levels could signal the beginning of a new uptrend, attracting buyers and potentially leading to higher prices. The Relative Strength Index (RSI) fluctuating around the 50 level reflects a neutral market sentiment, suggesting the market could move in either direction depending on upcoming catalysts.

Potential Trade Strategies: Long trades can be considered if the price breaks above the $0.01596 resistance level with strong volume, targeting $0.01615, and placing a stop-loss below $0.01509. Conversely, short trades could be considered if the price falls below the $0.01509 support level, targeting $0.01479, and placing a stop-loss above $0.01537. These strategies provide clear entry and exit points based on the identified key levels.

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