Bitcoin (BTC) trades above a short-term support range between $120,000 and $121,000 at the time of writing on Friday. Its technical outlook leans bearishly after correction from the record high of $126,199, reached on Monday.
Ethereum (ETH) is trading lower on Tuesday on the back of $490 million in long liquidations. The decline comes despite ETH accumulation outweighing distribution over the past 24 hours.
Bitcoin (BTC) shows subtle signs of strength following a rebound above $110,000 on Tuesday as traders look out for a macroeconomic lifeline ahead of the United States (US) Federal Reserve's (Fed) September interest rate decision.