Tech w Swalif – August 12 Crypto Closing Wrap

Hala bil’shabab, here’s the deal — today’s market was a mix of chill and drama. BTC’s moving sideways, ETH is flexing, CPI numbers gave traders some hope, and ETF flows are making institutions load up like it’s eid shopping.

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BTC – The Big Boss

Bitcoin was playing shy today. Dropped to around 118.25k, then came back up to hang around 119–120k.
Support is sitting at 118k–118.5k — if that breaks, we might see 115–116k real quick.
But if BTC pushes above 122k, wallah you’ll see the FOMO kick in hard.

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ETH – The Showoff

Ethereum is on a different level right now. Dipped to 4.23k and bounced straight back to the 4.55k–4.6k range.
Institutions are going crazy over ETH ETFs — over $1B inflow in one day 🤯.
Break 4.6k and we could be talking 4.8k next. Drop below 4.23k and that momentum starts cooling.

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Altcoins – The Cousins

SOL’s in a mood. Trading between 174–193, with support at 174–176 and resistance at 195–200.
Most alts are following BTC’s lead. Token unlocks and some liquidations hit the market, but nothing too scary.

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News & Vibes

• CPI numbers came in at 3.1% core inflation — in-line, so Fed cut hopes for September are still alive.

• ETH ETF inflows smashed records, led by BlackRock and Fidelity.

• BTC spot ETFs also seeing positive flows.

• Funding rates are positive, meaning longs are in control — but if price stalls, watch out for liquidation traps.

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Tech w Swalif TL;DR

• BTC: Hold 118k and you’re safe; break 122k and we’re pumping.

• ETH: Above 4.23k is bullish; over 4.6k is 🚀 territory.

• SOL: Waiting for BTC to make the first move.

• Macro: CPI gave a small green light to risk assets.

• Institutions: Loading BTC & ETH heavy.

Market’s not in full send mode yet, but it’s definitely building up for something. Keep your stops tight and your karak hot ☕.