Bitcoin has slipped to a seven-week low near $108,000, Ethereum is wrestling with support under $4,500, and yet large wallets are circling a lesser-known payments play claiming real-world rails. What are whales seeing that most traders miss? The current setup blends classic **support/resistance** on BTC and ETH with a potential **event-driven** catalyst in Remittix—offering a rare moment where narratives, flows, and product milestones collide.

BTC: Key Levels, Probabilities, and Traps

Bitcoin is defending the **$107,000–$105,000** zone after a ~12% drawdown from August’s high above **$124,000**. Short-term models suggest a relief move toward **$124,560**, with some projections eyeing **$135,000–$153,600** mid-month if momentum returns. Longer-term calls toward **$200,000** persist, but the path remains sensitive to support integrity.

Action for traders:

• Watch the **$107,000–$105,000** band: firm holds favor mean-reversion; a clean break risks deeper corrections.
• Upside pivots: reclaiming **$112,000–$114,000** on rising volume sets the stage for a push toward **$124,000+**.
• Avoid knife-catching if **$105,000** fails; wait for a **break-and-reclaim** or fresh higher low.

ETH: Robust Inflows, Fragile Structure

ETH dipped below **$4,500**, probing **$4,390** support amid broader volatility. Despite price pressure, institutional appetite is notable—weekly flows into ETH products reportedly above **$2.5B**, outpacing BTC. Co-founder Joseph Lubin underscored Ethereum’s role as a potential **monetary base** for **DeFi/Web3**, but price still tracks macro risk.

Action for traders:

• As long as **$4,390** holds, range trades back toward **$4,500–$4,650** remain viable.
• Stronger trend signal if ETH reclaims and holds **$4,500** with expanding **open interest** and positive funding that doesn’t overheat.
• Invalidation: decisive close below **$4,390** opens room for a deeper pullback—reduce risk and reassess.

Why Whales Are Watching Remittix

While BTC/ETH command headlines, whales appear to be tracking **Remittix (RTX)** for its **payments (PayFi)** angle: - Priced near **$0.1030** - Over **640M** tokens sold; **$23.3M+** raised - Listings secured on **BitMart** (post-$20M) and **LBANK** (post-$22M) - **Q3 wallet beta** slated; an active **$250,000 giveaway** - Claims of **direct crypto-to-bank** transfers in **30+ countries**

What stands out is the **utility-first** narrative: targeting a slice of a **$19T** payments market, aligning incentives for adoption instead of pure speculation. That mix of product milestones plus listings is classic **event-driven** fodder for whales.

Opportunities vs. Risks: A Trader’s Lens

Opportunity:

• BTC/ETH relief rallies are on the table if supports hold; volatility favors **mean reversion** and **breakout-retest** setups.
• Remittix’s near-term **events** (wallet beta, listing momentum, promotions) can create tradable **liquidity pockets** and asymmetric moves.

Risks:

• BTC below **$105,000** likely drags risk assets—expect correlation spikes and thinner bids.
• ETH failing **$4,390** turns inflows into a fading narrative short term.
• For Remittix: **execution risk**, **listing slippage**, **token distribution/whale concentration**, and **regulatory** friction in payments. Sponsored claims warrant extra **DYOR**.

One Actionable Play

Build an **event-driven watchlist** with clear invalidations:

• BTC: alerts at **$107,000**, **$112,000**, **$124,000**; position small until trend confirms. Risk ≤ **1–2%** per trade.
• ETH: alerts at **$4,390** and **$4,500**; trade the reclaim or step aside on breakdown.
• Remittix: track the **wallet beta** date, **exchange liquidity depth**, and **top-holder concentration** before sizing. Consider **scaling entries/exits** around events rather than all-in impulses.

The Bottom Line

BTC and ETH are at inflection levels where **discipline beats prediction**. Whales scanning Remittix are likely playing the **product+listing** catalysts, not chasing headlines. Trade the levels, trade the events, and let risk management do the heavy lifting.

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