Bitcoin Chalks Out Lower Price High After Powell, Ether Prints Doji at Lifetime Peak
Bitcoin slipped back to pre-Powell levels after Friday’s dovish signals, struggling to sustain its bounce. The move highlights hesitation among traders who were expecting stronger follow-through after the Fed chair’s remarks. Momentum appears to have cooled, suggesting that bulls may need fresh catalysts before reclaiming higher ground.
Ether, meanwhile, stalled at record highs, printing a doji candle that often signals market indecision. Combined with waning momentum, it points to potential consolidation before any renewed push upward. While the broader trend for both assets remains constructive, current price action reflects a cooling-off phase. Bulls may need to regroup and reset before attempting the next leg higher, with upcoming macro cues and liquidity shifts likely to determine the near-term direction.
BTC: Trendline Rejection and a Market That Won’t Run (Yet)
BTC pulls back — Bitcoin lower high after Powell near trendline
Friday’s pop toward ~$117,440 faded quickly, leaving a Bitcoin lower high after Powell right beneath a former bullish trendline from April. That rejection keeps bears in the driver’s seat and affirms the prior breakdown.
Momentum check: GMMA and MACD lean bearish
The Guppy Multiple Moving Average is close to a bearish flip as short-term EMAs (white band) threaten to slide below long-term EMAs (red band) a setup that often precedes sustained downside. That adds weight to the Bitcoin lower high after Powell narrative. On the weekly chart, the MACD histogram has kicked off the week below zero, a sign downside momentum could be building.
Levels that matter
For traders mapping risk, the Bitcoin lower high after Powell leaves three clean levels to watch:
Support: $110,756 (Ichimoku cloud lower edge), $100,887 (200-day SMA), then $100,000 (psychological).
Resistance: $117,440 (Friday’s high), $120,000, $122,056.
A daily close back above $117,440 would begin to crack the Bitcoin lower high after Powell structure and revive the bull case. Until then, sellers have the clearer technical path.
ETH: Doji at All-Time Highs Signals Hesitation
Ether posted a doji with a long upper shadow at record levels—classic indecision after an extended run. While a doji isn’t a guarantee of reversal, it often precedes consolidation when buyers and sellers hit a temporary stalemate.
RSI divergence flags cooling momentum
Despite price printing a fresh high, the 14-day RSI made lower highs, a bearish divergence that frequently resolves with a pullback. While the Bitcoin lower high after Powell sets a cautious tone across majors, ETH’s own signal says to respect downside risk.
ETH key levels:
Support: $4,065, $4,000, $3,805 (50-day SMA).
Resistance: $5,000 (round number / records).
What Flips the Script?
BTC: Reclaiming $117,440 would neutralize the Bitcoin lower high after Powell and put $120K–$122,056 back in play.
ETH: A strong close back above the doji’s high with RSI confirming higher highs would validate trend continuation.
Macro: Follow-through on September rate-cut expectations could loosen risk conditions but price has to confirm.
Bottom line
Bitcoin’s post-Powell pullback has left a clear lower high, keeping the short-term outlook defensive. Until buyers reclaim control, the market structure favors caution. Key support levels should be respected, while rallies into resistance look more like fading opportunities than breakout setups.
Momentum will remain the most reliable guide in the near term. Without a decisive shift in strength, bulls may struggle to regain traction. For now, the market seems more comfortable consolidating, waiting for fresh catalysts to tip the balance and confirm whether the next move will be a renewed push higher or another leg lower
FAQs
Q1. What does “Bitcoin lower high after Powell” mean for the short term?
A1. It signals sellers defended a rally; Bitcoin lower high after Powell implies bearish continuation until $117,440 is reclaimed.
Q2. Which BTC levels matter most right now?
A2. Watch $110,756, $100,887 (200-day SMA) and $100,000; above, $117,440 invalidates the Bitcoin lower high after Powell setup.
Q3. Why is ETH’s doji important at record highs?
A3. A doji shows indecision; paired with RSI divergence, it warns of cooling momentum even as Bitcoin lower high after Powell weighs on risk.
Q4. What would turn BTC bullish again?
A4. A decisive daily close over $117,440, with momentum improving, would negate the Bitcoin lower high after Powell and open $120K–$122,056.
Q5. Is a rate cut enough to lift crypto?
A5. Macro helps, but price confirmation matters; without it, the Bitcoin lower high after Powell bias can persist.