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Thursday, October 1 |
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Bitcoin stays in its bull trend above both moving averages, boxed in a well-tested range
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Bitcoin trades near $83,784, comfortably above both its 20-day average ($82,130) and 50-day average ($78,014), keeping the broader regime classified as a confirmed bull trend. The last 24 hours were quiet, up roughly a quarter of a percent, while the 7-day change is slightly negative — a pause rather than a reversal, especially set against gains of nearly 10% over two weeks and almost 8% over the past month. Price has spent the session inside last week's established range, with neither boundary giving way. Sentiment reads as Greed on the fear/greed index, little changed from a week ago, consistent with a market that's extended but not euphoric. Funding on both BTC and ETH perpetuals sits barely positive, effectively flat — leveraged positioning isn't leaning hard in either direction. Open interest in BTC is holding near recent levels, showing no sign of a rapid build or unwind. Alt rotation is modestly tilted toward alts over BTC, a mild reading rather than a decisive shift. As of this writing, the 30-minute order flow snapshot shows aggressive sellers outnumbering buyers by roughly two to one in dollar terms, with whale sell volume well ahead of whale buy volume — a short-window reading that can flip within the hour and shouldn't be read as the day's character. Price is sitting roughly in the middle of a band that has been hit hard on both sides — the floor has been tested over three dozen times and the ceiling even more, making this one of the more thoroughly worked ranges in recent sessions. Neither side has clearly broken, and the gap between floor and ceiling remains narrow, meaning price doesn't have much room to move before testing one of them again. Whether that band tightens further or widens out isn't yet showing in the data — for now it's a well-defined, heavily probed range with price parked near its center. |
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24-hour
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+0.26%
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7-day
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-0.71%
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20-day average
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$82,130.17
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50-day average
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$78,013.99
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Resistance tested 43×
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$84,300.77
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Last price
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$83,784.1
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Support tested 36×
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$83,327.84
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Fear & Greed 71 a week ago
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74 · Greed
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24h range
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$83,124.8 – $85,604
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What to take from it
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BTC remains in a bull regime, trading above both its 20-day and 50-day averages near $83,784. |
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The current range is heavily tested on both sides, and price sits roughly in the middle of it. |
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Funding is flat, open interest is steady, and the 30-minute flow snapshot shows net selling pressure — a reading that can change 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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