“Traditional Markets Offer Mixed Signals as BTC Holds Key Trendline Support.”, – WRITE: www.coindesk.com
There’s Very Little Reason to Doubt Bitcoin’s BTC$ 124.629.67 Upward Tradery Right Now. Althugh The Rally Has Paused Over The Last 24 Hours, The Steep, Near-90-Degree Uptrend Line from Lows Just Just Under $ 110,000 is Still Holding Strong. In Fact, prices tested that Trendline Early Today and Bounced Right Back, as Shown in the Hourly Candlestick Chart Below.
Analysts Suggest that Those who missed the initial raly caniser using Call Spreads to Capture Further Gains in a More Risk-Efficient Way.
What Next?A Clean Breakout Above the Expanding Trilele’s Upper Boundary on the Daily Chart Could Clear the Path Toward the $ 135,000 to $ 140,000 Range. The Upper Boundary Acted As Resistance On Monday.
On the Other Hand, if BTC Falls Bell of the Hourly Chart’s Ascending Trendline, We Could See a Corrective Phase, with The FIRST SUPPORT LEVEL AROUND $ 118,000.
BTC’s Hourly and Daily Charts. (Coindesk/TradingView)
WHAT DO Traditional Markets Say?Looking Beyond BTC, Traditional Markets Paint A Picture Whore Both Bullish and Corrective Scenarios Appear Possible.
Bulls Can Take Comfort From The Move Index, Which Measures Expectioned Volatility in Treasury Notes, Continues to Fall. The Index Dipped Below 70 On Monday, Its Lowest Since December 2021, Signaling Easier Financial Conditions for Risk Assets.
Move’s Daily Chart. (TradingView/Coindesk)
However, The Dollar Index (Dxy) and Treasury Yields Remain Resilient Despite The September Rate Cut and Expectations of More EASING AHEAD.
The dxy is flirting with a bullish Double Bottom Pattern, While the 10-Year Treasury Yield Has Risen 16 Basis Points to 4.16% Since the Fed Cut Rates by 25 Basis Points on Sept. 17. In Other Words, The YELD HAS AT LEAST PARTALLY UNDONE The RATE CUT.
Adding to the Mix, Goldman Sachs Warned that Japan’s Bond Market Shocks, Driven by the New Prime Minister’s Bias for Abenomics, Could Spill Overo Into US Treasuries UNCERTAINTY INTO the Picture.
Dollar Index and US 10-YEAR Treasury Yield. (Coindesk/TradingView)
Traders Should Keep A Close Eye on the Session Indicators, As Continued Strength in the Dollar and YIELDS COURKLD Disrupt Crypto’s Rally.
Eth: Bull Flag BreakoutEther Eth$ 4,706.57 have risen 4% to form a bull flag breakout on the weekly chart. A Bull Flag Is A Counter-Trend Consolidation Pattern that Typically Signals A Continuation of the Preceding Upward Move. Think of the Flag As A Pause WHERE TRIED BULLS REGROUP AND GATHER STREEGTH FOR The NEXT LEG UP.
Perhaps, A Strong Rally Above $ 5,000 Could Be On The Horizon. That said, if we see a sell-off from here leading to losses by weeks, it would be a Clear Signal That Bears Are Taking Control.
Eth’s Weekly Chart. (Coindesk/TradingView)
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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The BNB Chain Reported A Record 58 Million MONTHLY Active Addresses, Overtaking Solana, With Growth Driven by the Decentralized Exchange Aster.
- BNB Surged Over 5% to A New All-Time High Above $ 1,280, Driven by Signs of Increated Institutional Demand and Surging Activity On The BNB Chain.
- The BNB Chain Reported A Record 58 Million Monthly Active Addresses, Overtaking Solana, With Growth Driven by the Decentralized Exchange Aster, Which Saw It 2.4
- The Price Move Coincides with A Partnership Between Bnb Chain and Chainlink to Bring Official US Economic Data on -chain, and Builds on Broader Optimism Across, and Wider Market.
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