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On November 29th, the Wall Street Journal reported that last month in Miami Beach, three powerful businessmen—two Americans and one Russian—huddled around a laptop, ostensibly to draft a plan to end the Russia-Ukraine conflict. But according to sources, their project extended far beyond that. Privately, they were devising a path to reintegrate Russias $2 trillion economy into the international arena and allow American companies to reap the benefits before their European competitors. In the mansion, billionaire developer and current U.S. envoy, Witkov, was hosting Dmitriev, head of Russias sovereign wealth fund and Putins handpicked negotiator. Dmitriev practically dominated the drafting and revision of the document on the screen. Trumps son-in-law, Kushner, also arrived from his residence. Dmitrievs plan involved American companies utilizing approximately $300 billion in Russian central bank assets frozen in Europe for joint U.S.-Russian investment projects and a U.S.-led reconstruction effort in Ukraine. American and Russian companies could also collaborate on developing the Arctics rich mineral resources.American Airlines: As of 7 a.m. Central Time, the team has made significant progress in resolving the Airbus software issue, with 4 of the 209 affected aircraft still awaiting the update.Indian aviation regulator: IndiGo and Air India are expected to complete software fixes for the affected aircraft today.Sources say Kurdish security forces have killed at least two people and wounded three others during protests in front of the Ranaz oil refinery near Erbil, Iraq.The Kazakh Ministry of Energy stated regarding the attack on the Caspian Pipeline Union (CPC) pipeline that plans have been initiated to divert oil supplies.

BTC Eyes Sub-$19,000 with ETH Facing a Fall to Sub-$1,450

Cory Russell

Sep 06, 2022 16:03

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Bitcoin (BTC) increased by 0.85% on Sunday. BTC gained 2.21% to reach $20,03 at the close of the week, reversing a Saturday decline of 0.68%. BTC rebounded from a low of $19,589 to a high of $20,039 in the last hour before easing down.


Ethereum (ETH), which had lost 1.14% on Saturday, gained 1.35% on Sunday to close the week up 10.73% at $1,579.


Following the general market, ETH dropped to a low of $1,541 before reaching a high of $1,584 in the last hour. Investor anticipation of the impending Merge offered assistance, while Fed apprehension maintained ETH below $1,600.


Despite the US markets being closed for Labor Day, investor caution dominated the cryptocurrency market going into the Monday session. Investors in cryptocurrencies are in the dark about the Fed's rate rise in September.


Although the US job market statistics from last week were worse than anticipated, inflation is still much higher than the Fed's target, which signals front-loading for the rest of the year. After Friday's statistics, former Fed Chair and US Treasury Secretary Janet Yellen emphasized the Fed's obligations. The remarks made by Yellen are still relevant.

Bitcoin Price Action (BTC)

BTC was worth $19,746 at the time of writing, a decline of 1.28%. BTC saw a negative morning, dropping from a high of $20,060 to a low of $19,637.


At $19,715, BTC momentarily breached the First Major Support Level (R1).

Technical Significance

In order to support a run at the First Major Resistance Level (R1) at $20,165, BTC must cross the pivot point at $19,877. To break beyond the morning high of $20,060, BTC requires support from a larger portion of the market.


BTC would challenge the Second Major Resistance Level (R2) at $20,327 and resistance at $20,500 during a prolonged crypto rise. At $20,777, the Third Major Resistance Level (R3) is located.


If the pivot is not moved through, the First Major Support Level (S1) at $19,715 remains in play. In the absence of a prolonged sell-off, BTC should stay above $19,000. The decline should be constrained by the Second Major Support Level at $19,427.

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