According to @CrypNuevo, the current crypto market is experiencing a pullback phase, with the likelihood of rate cuts coming in September serving as a key macro driver. CrypNuevo highlights that unlike January, where the daily 50-day EMA acted as resistance, the market now appears poised for a deviation below this level, potentially finding strong support around the $110k mark. Traders should monitor this support level closely for signs of a continuation in the broader uptrend. Source: @CrypNuevo.