Reason to trust
Editorial policy rejection that focuses on precision, relevance and impartiality
Created by experts in the sector and meticulously revised
The highest standards of reporting and publishing
Editorial policy rejection that focuses on precision, relevance and impartiality
Pretium leo et nisl alquam mollis measles. Quisque Arcu Lorem, ultricies quis pellesque nec, ullamcorper eu hate.
Ostium Labs maintains that the Bitcoin rise tendency remains intact after the reversal of August, but draws a brilliant red line at $ 98,000. In its market prospects on September 1, the company writes: “The closing under $ 98k during this period of time would become a weekly bearish structure”, adding that “the weekly structure greater than $ 98k is still bullish and therefore we should anticipate the formation of a higher bass”.
At the time of publication, the Ostium referred to BTC approximately $ 108,017, with the August monthly candle that settles “firmly red” after reducing the record to about $ 124.5k and closure near the previous resistance transformed into $ 108.2k.
Key levels of Bitcoin price to look at now
On the monthly graph, the Ostium does not see evidence of a 2021 style cyclic top. The note recognizes a little divergence of momentum on RSI but underlines the absence of confirmation by the fantastic oscillator: “Ao continued to aim for the construction of the momentum throughout the uphill tendency … I don’t think it is not even at a distance similar to the maximum formation 2021”.
Reading Reading
The bear case is strengthened only if September “closes below 2025 it open to $ 93.3k and therefore below the local trend support”. For the bullish path, the team has it that September will find the support “Above the Yearly Open, but probably much higher around July at July at $ 105k” and “ideally” ends the green month “August the August Open at $ 115k”, a configuration that they say “prepared for expansion beyond the maximum of October.”
Weekly structure, for reading of Ostium, “has not shown in movement in motion” and now it has been restored towards 50 on RSI, a profile that the company says that it supports the continuation of the trend. If the market encourages a higher minimum in early September and claimed the momentum, a weekly closure “behind $ 112k leads to a August open test and potentially $ 117.5k in Fomc with a maximum test before the end of the month”.
The daily period remains the short -term obstacle. The Ostium characterizes the Pullback as “ordered”, with supports upside down to the resistance and “the key level … obviously the maximum of all times of $ 112k of $ 112k”, which served as a support at the beginning of August and therefore “recovered resistance” on the lower part of the leg of last week.
“A breakout and close above the trendy line and return above $ 112k it would seem that the bottom is inside,” they write. A failed probe – “Wick above the trend line in $ 112k and refuses” – would include the price towards “The June Open at $ 104.5k, with the 200dma below the one at $ 101.3k which are key requests”. In the derivatives, the liquidation maps of the coending liquidation for the BTC/USDT couple of Binance for a week and one month show dense liquidation bands stratified above the $ 114k hood and grouped below the $ 120k region, while no significant levels are visible.
With a macro-macro week in advance-ISM prints, Jolts, The Fed’s Beige Book, Jobless Claims, ADP, ISM Services and Friday the non-agricultural paychecks: the hospice establishes conditional tactical configurations. For Longs, they prefer proof of exhaustion in support: resistance to the respected trend line, the “bass today” eliminated through a liquidation wick in the June-open cluster/200 days and a bullish divergence that is formed there before making an offer to return to the open weekly and the next next. For shorts, they prefer a strong tight of the first weeks in $ 112k “with trendy tiredness … not having eliminated today’s minimum of about $ 107k”, disappearing pop in minimum weekly with reduced risk if it takes place in front of NFP.
Reading Reading
The Ostium also examines the positioning, indicating the snapshots through the veil and slate, annualized three months bases and the mix between Bitcoin and Altcoin Open Interest, as well as one -week liquidation maps and one month. Although it abstains from the claims of the title on these dashboard, the technical levels of the note align with the most concentrated liquidation density visible in the heat maps attacked, where the stacked interest remains perched near the ride of Giromba from $ 112k and layered through the shelf of the application of $ 105k to $ 101k.
Dxy as a tail wind for the btc price
The relationship extends over Bitcoin. The background of the dollar, in the Ostium framework, remains a tail wind for BTC in the end of the year. With Dxy around 97.2, the company states that the current sequence rhymes with past cyclical withdrawals and provides that “Dxy will break below 96 and push around at least 94.6, but more likely 93”, where a basic formation of 200 months could emerge above. The secular case Dxy Bull is not rejected; Rather, the Ostium places the current leg as the final cyclic downswing before a higher and more multi -year recovery, depending on the results of the policies. A decisive monthly recovery of 100 invalidate the short -term bearish dxy.
Through the resources, the line through the September map of Ostium is clarity on the thresholds. For Bitcoin, a weekly loss of $ 98,000 would be the first structural pause of the cycle; A daily recovery of $ 112,000 strongly claiming that the local minimum is in; And a monthly suspension above $ 105,000 with a closure of over $ 115,000 was held of fresh heights until October.
At the time of the press, BTC exchanged $ 110,610.
First floor image created with Dall.e, graphic designer by tradingview.com