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Sunday, September 20 |
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Bitcoin holds its bull trend above both averages, boxed in a heavily worn range
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Bitcoin trades at $80,291.4, sitting above both its 20-day average of $77,863.35 and its 50-day average of $74,476.62, which keeps the broader regime classified as bull — a confirmed uptrend rather than a bounce. The last 24 hours pulled price down 1.15% off a high near $81,915, while the 7-day tally is still up 4.55% and the pair remains well clear of its recent seven-day low near $74,892. Fear & Greed sits at 71 (Greed), up from 61 a week ago, showing sentiment has warmed even as today's candle is red. Price is consolidating just under its recent 24-hour ceiling rather than breaking cleanly through it. Funding on BTC and ETH perpetuals is only marginally positive, which points to a market that isn't leaning hard on leverage in either direction right now. Open interest reads 2,136.3 BTC-equivalent, a current snapshot rather than a trend signal on its own. The alt-rotation gauge sits at 2.33, suggesting some capital is moving into alts alongside the BTC move, though this reading alone doesn't establish a pattern. As of this writing, order flow over the last 30 minutes shows a strong buy skew — roughly 93% of volume on the buy side, with four whale buys totaling near $574k against one sell near $16k — but this is a thin, short window that can flip within the hour and should not be read as the day's character. Bitcoin is sitting inside a band with a heavily tested ceiling above (worn by well over twenty touches) and an even more heavily tested floor below (worn by more than thirty touches), which makes both boundaries well-established rather than freshly drawn. Price currently sits noticeably closer to the ceiling than to the floor, meaning the recent pullback has come from just under resistance rather than from deep in the range. The gap between the two boundaries is moderate — not razor-thin, but not sprawling either — and there's no clear signal yet of that band tightening or widening further. Both sides have held so far today, so the range remains intact rather than broken. |
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The week in market structure
Bull regime held all week, but the market gave and took back in equal measure — a choppy grind, not a clean trend.
It was a bull-regime week where momentum was rewarded about as often as it was punished — trend continuation (451) and trap reversals (468) came in nearly tied. Average realized move on flagged setups was modest (~0.44%), and most signals (58%) fizzled into no clear direction, consistent with a grinding, low-conviction uptrend rather than a decisive trend or a sharp chop.
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Bull regime persisted for the entire week across all classified periods. |
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Trend continuation (451 cases) and trap reversals (468 cases) were nearly balanced, with a slight edge to reversals — a choppy undertone within the broader uptrend. |
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Average realized move on flagged setups was modest, around 0.44%, and most signals (58%) resolved inconclusive rather than following through strongly. |
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Setup mix skewed toward range-bound and trend-following patterns in roughly equal measure, with breakout-style setups notably less common. |
See the full week →
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24-hour
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-1.15%
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7-day
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+4.55%
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20-day average
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$77,863.35
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50-day average
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$74,476.62
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Resistance tested 24×
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$81,083.85
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Last price
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$80,291.4
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Support tested 31×
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$76,049.16
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Fear & Greed 61 a week ago
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71 · Greed
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24h range
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$80,101 – $81,915
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What to take from it
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BTC trades above both its 20- and 50-day averages, keeping the bull regime intact despite a red 24-hour candle. |
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Funding is only mildly positive and open interest is a current reading — neither signals aggressive leverage buildup right now. |
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Order flow was strongly buy-skewed in the last 30 minutes on thin whale volume; that's a snapshot, not a standing condition, and can reverse quickly. |
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Headlines
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OddTick reports what the market is doing, measured by an automated system, for informational
purposes only. It does not make trade recommendations, does not predict prices, and makes no
claim that acting on this information is profitable. Nothing here is financial advice.
Crypto assets are volatile — never trade money you can't afford to lose.
OddTick · Patrick Register · PO Box 472 · Christiansburg, VA 24068
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