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Wednesday, September 16 |
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Bull regime intact: BTC above 50-day, below 20-day, down almost 4% over the week
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Bitcoin trades near $75,900, up slightly on the day but down almost 4% over the past week, extending a pullback from its 7-day highs after a strong month-long run that still leaves it up nearly 20% over 30 days. The 20-day average sits above the 50-day average, which keeps the broader trend classified as bull, but price itself has slipped back below the 20-day line while staying comfortably above the 50-day — a short-term wobble inside a longer uptrend rather than a trend change. The pullback lines up with headlines around the failed CLARITY Act vote in the Senate and general caution ahead of the Fed decision, both cited as weighing on sentiment. Fear & Greed has cooled to a neutral reading from a more optimistic one a week ago, consistent with the softer tape. Funding on both BTC and ETH perpetuals sits only marginally positive, close to neutral, which doesn't point to an aggressive leverage skew in either direction right now. Open interest on BTC is holding around recent levels without any dramatic shift alongside the price move. The rotation reading is negative, indicating altcoins have not been picking up relative strength against BTC lately. Order flow, as of this writing over the past 30 minutes, leans toward sellers — the aggressive-buy share sits under 40%, and whale wallets logged more sell transactions than buys by dollar volume — but this is a short snapshot that regularly flips within the hour and shouldn't be read as the day's character. The resistance band above current price has been tested extensively, on the order of dozens of times, marking it as a heavily worn ceiling that has repeatedly capped upside attempts. The support floor below has been tested only a handful of times, making it a comparatively lightly-proven line by contrast. Price currently sits closer to that floor than to the well-worn ceiling, and the gap between the two has narrowed as the week's pullback has played out. Whether the lightly-tested floor keeps holding or the heavily-tested ceiling continues to cap rallies is genuinely unclear from the data on hand, and no conclusion should be drawn either way from current price position alone. |
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24-hour
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+0.42%
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7-day
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-3.05%
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20-day average
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$76,870.57
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50-day average
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$73,552.37
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Resistance tested 80×
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$77,213.27
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Last price
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$75,901.8
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Support tested 7×
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$75,523.59
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Fear & Greed 66 a week ago
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51 · Neutral
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24h range
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$74,891.5 – $77,321.2
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What to take from it
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Regime stays bull (20-day average above 50-day), though price has slipped below its 20-day line after a roughly 4% weekly pullback. |
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The upper level has absorbed dozens of tests and looks well-worn, while the lower level has barely been tested — price sits nearer the lightly-proven floor. |
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Funding is near-neutral, alt rotation reads negative, and 30-minute order flow leaned toward sellers as of this writing — all readings that can shift 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.
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OddTick · Patrick Register · PO Box 472 · Christiansburg, VA 24068
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