Bitcoin analysis

This month I'm leaning toward a retest of 87–89K, where the 20-month MA and the Ichimoku base line overlap. Last month's candle closed above the double-bottom neckline for the first time, and a push through opens 92K and the $100K area. A daily close below 82.2K invalidates the view, and a monthly close below 73.8K invalidates the bullish view.

A range with slightly lower highs and a flat floor has formed on the 4-hour. With longs crowded, it's more likely to break the range floor and pull back toward 80K.

BTC's daily chart shows a cup and handle overlapping an inverse head and shoulders, and both point to 82300–82850. Meanwhile, USDT dominance has dropped to 6.6 and altcoin market cap is at a new high — money is rotating into alts first.

The Fed hiked by 25 basis points, but Bitcoin tagged 75064 and immediately climbed back above 76000. There's heavy supply in the 77000s above and a 75400 bid wall below, so over the weekend just watch whether 76000 holds.

Bitcoin (BTC) closed the daily below $76264, breaking the previous support condition. The $74500 bid wall and $74313 long liquidations sit right next to each other, so that zone comes first now.

Bitcoin (BTC) failed to reclaim $80300–80560 and slid to $76464. Support at $76264–76518 and the $75500 downside zone are getting close, and until $78955 is reclaimed on the 4H, I'm leaning toward another test of lower levels.

Bitcoin (BTC) fell as low as $78660 after a strong US jobs report and closed the daily at $79660. Until $80600 is reclaimed, $78500 and $78200–77800 stay in play first, and only above $82850 does a bigger W setup come into view.

Bitcoin (BTC) bounced more than 5% on September 3 to close at $81,270, but the first measured move of the 4-hour double bottom was already completed when price hit $82,300. A daily close above $82,850 and whether $80,389~80,600 holds will decide direction after tonight's jobs report.

BTC ran to 81,479 and closed at 77,682, almost unchanged from the prior week. Large orders sold $160 million in a single day, and dominance is rotating from alts into BTC.

The 79.90K reclaim condition passed, but the 4-hour candle that tagged 81.48K is still open. Until there's a close above 81.48K backed by volume and OBV, it's better read as a resistance test than a breakout.