Bitcoin, Ethereum and XRP are stable when ‘Red September’ begins

The cryptocurrency market is trying to shake the weekend blues when September begins, but the story suggests that this could be calm before the storm.

The feeling of the market has collapsed, according to the cryptographic fear and greed index. The feeling has left the neutral territory and has fallen in the “fear” area, falling from 75 out of every 100 in mid -August to 46 today, the worst score from mid -June.

This change in feeling occurs when merchants prepare for what has historically been Crypto’s cruelest month: “Red Septmber”. Bitcoin has fallen an average of 3.77% in price every September since 2013.

The broader macroeconomic image adds another layer of complexity. The policy meeting from September 16 to 17 of the Federal Reserve may well be one of the most controversial in years. With the markets that imply an 87% probability of a cut of 0.25%, the cryptographic market is at a crossroads between seasonal weakness and the possible relief of monetary policy.

Meanwhile, traditional markets show mixed signals, with future S&P 500 pointing to a positive open on Tuesday after Friday’s volatility, while inflation remains above the objective of the Fed with CPI central to 3.1%.

But while the stock market is on vacation in the United States, or never rests cryptography. This is what Bitcoin graphics show today:

Bitcoin price (BTC): critical support test

Bitcoin is showing resilience with a modest gain of 0.53% to $ 108,842, recovering from an intradic minimum of $ 107,270. The cryptocurrency has been bounced in its current range (the white dotted line in the table below), which suggests that buyers defend the psychologically important level of $ 108,000.

Bitcoin’s average directional index, or ADX, is currently 20, indicating that there is no clear trend in the comment. ADX measures the resistance of the trend on a scale from 0 to 100, where readings below 25 suggest choppy and without direction operations.

In this case, the 20 Bitcoin score suggests its inability to advance more to the new maximums of all time or below a cross of death for now. For merchants, this means that Bitcoin is currently in a consolidation phase where rank trade strategies could overcome trend monitoring approaches.

The relative force index in 40 points shows that the red effect of September is real: merchants are beginning to sell their coins faster than usual. The relative force index, or RSI, measures the impulse of the market on a scale of 0 to 100, where readings greater than 70 indicate overload conditions and less than 30 suggest overall.

At this time, Bitcoin approaches the territory of overalls, with more people interested in getting rid of their coins than to buy them.

The compression impulse indicator shows the state of “off”, indicating that volatility has already been launched instead of accumulating. This indicator identifies when markets are compressed before explosive movements. When it is “off”, it suggests that the recent price action has already exhausted short -term volatility. Reading shows that there is a bearish movement, and that the sale pressure remains dominant despite today’s modest recovery.

The exponential mobile averages, or EMA, provide merchants an idea of ​​the resistance and price supports when taking the average price of an asset in the shorter and longer deadlines. Bitcoin’s EMA configuration remains optimistic, with the 50 -day EMA above 200 days

But the current price action that looms near these averages suggests a battle between bulls and bears. It is also worth noting that the gap between the two EMA is beginning to close. That is not a good sign, since it shows a slowdown of the upward trend and could bring the currency to a configuration of the death of death that, for merchants, would confirm a solid bearish trend instead of just a correction.

In Myriad, a prediction market developed by DecipherThe Dastan parent company, merchants feel bassist vibrations. Myriad users now give Bitcoin a 75% probability to fall to $ 105,000 early later. A little over two weeks ago, Myriad Market had placed the chances of Bitcoin to rise to $ 125,000 to more than 90%.

Key levels:

• Immediate support: $ 105,000 (September psychological level and objective)
• Immediate resistance: $ 113,000 (previous consolidation zone and EMA50 price line)

Ethereum price (eth): bulls fight against resistance

Ethereum currently has a lower yield with a decrease of -0.66% to $ 4,363, despite opening a little more to $ 4,392.87. The second largest cryptocurrency briefly increased to $ 4,490,97, a 2.2% movement from the open, but failed to have profits, indicating the rejection of the resistance level of $ 4,500.

The ADX of Ethereum in 28 tells a more optimistic story than that of Bitcoin, crossing over the crucial threshold of 25 confirming the establishment of trends. This reading suggests that the recent Ethereum price action represents a genuine tendency behavior instead of random volatility. The operators generally see ADX above 25 as validation for trends monitoring strategies, although the current pricing weakness contradicts this upward signal, a divergence that often precedes acute movements.

On the other hand, ETH ADX score has been decreasing over time, which can point to a weakened trend in the near future.

The compression impulse indicator suggests that volatility is being built after a compression phase, typically previous rupture movements. This is probably a small consequence of the September effect, with short -term merchants who try to sell their long -term merchants who buy for what they expect to be the one that is coming.

Ethereum’s RSI in 57 is also in what merchants would consider bullish territory. It has been higher recently, suggesting that the market is calming down. Position merchants can be maintaining and waiting for explosive movements before issuing judgments.

The alignment of the bullish EMA (with the average of 50 days above the average of 200 days) provides structural support, but the lack of maintenance of more than $ 4,400 increases concerns. The current configuration shows that Ethereum remains very optimistic, above the average price of the last 50 days and is enrolled for a significant movement, since it breaks a weak and weak symmetrical triangle pattern.

Myriad merchants also support the Ethereum bull line. Predictors on the platform place the probabilities of 77% that ETH continues its upward trajectory and reaches $ 5,000 before the end of the year.

Key levels:

• Immediate support: $ 4,360 (bass intraay)
• Strong support: $ 4,000 (Psychological level and 50 -day EMA zone)
• Immediate resistance: $ 4,490 (today’s height)
• Strong resistance: $ 4,500 (key technical barrier)

XRP price: drifting at sea

XRP completes the main cryptocurrencies with a decrease of -0.5% to $ 2.76, showing a relative weakness. The token linked to undulation briefly broke $ 2,8387, an intradic movement of 2.3%, before sellers took control, which led it to $ 2.70.

The ADX in 19 is the weakest among the three main cryptocurrencies, firmly below the trend threshold of 25. This reading indicates that XRP is stuck in a market of scope without clear directional bias. For merchants, ADX below 20 generally suggests that they should avoid trends monitoring strategies and, instead, focus on support levels and resistance for rank trade. A low reading like this after recent volatility often marks the accumulation phases before the next trend movement.

Although the impulse of APARTÓN is “activated”, XRP’s inability to maintain profits greater than $ 2.80 suggests that bears remain in control. The activation of the indicator combined with weak ADX creates what technical analysts call a “rolled spring” scenario. The prolonged adx periods often lead to violent outbreaks when they finally occur, although the address remains uncertain.

The price action shows a possible descending triangle pattern that could end in a bearish break, potentially testing the 200 -day or even lower EMA support. It is worth noting that XRP has now broken below the 50 -day EMA support, which means that bears have control, at least in the short term.

The RSI in 40 points confirms that the currency is directed to an oversized territory, with sellers in control, although not yet in complete panic mode.

Myriad Traders believes that XRP falls to $ 2.50 before it reaches $ 4 per currency, which places those probabilities at 78% now.

Key levels:

• Immediate support: $ 2.70 (low psychological level today and the real support of the descending triangle)
• Strong support: $ 2.50 (previous consolidation base and EMA200 price zone)
• Immediate resistance: $ 2.85 (EMA50)
• Strong resistance: $ 3.00 (main psychological barrier and resistance established by the descending triangle)