The main dishes to remember:
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Dip Bitcoin buyers are back, but are still controlled by sellers in future and punctual markets.
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The markets closed during the labor holidays and the threat of sale by the Bitcoin OG whales could send the price of the BTC to $ 105,000 and less.
Bitcoin (BTC) is negotiated in the middle of rocky waters while the price is struggling to maintain above $ 108,000, and for the moment, there is no sign of recovery in sight. Merchants are cautious due to the closure of Wall Street on Monday for labor holidays and the overhang of a Bitcoin whale potentially discharges another billion BTC dollars on the free market.
Notable transfers and sale from Bitcoin long -term Bitcoin wallets and product conversion to Ether (ETH), declining entries in the BTC ETF spot and weekends in the DOW, S & P500 and Nasdaq all weigh on the feeling of investors. Adding to pressure is the rhetoric of the back and forth of the American president Trump on the prices and the reaction of the markets to the president’s attempts to take control of the Federal Reserve Board.
Certain longer positive points are the expectations of market participants that the Fed will begin to reduce interest rates at the end of September or October, but these hopes have not been sufficient to improve the feeling of short -term investors.
From a technical point of view, the action of Intradays of Bitcoin continues to be mainly motivated by the activity on the perpetual -term market, where the cumulative Delta volume shows the sale of 10,000 to 10 million binance cohort exceeding the purchases on the Spot and Binance and Coinbase market.
While the continuous term sale to delete Bitcoin eruptions, and the data show that short positions thicken each attempt to support support failed,, The retail size of the retail cohort (100 to 10k) are buying each new hollow.
In relation: Will Bitcoin price drop in September?
As indicated in the graph below, the BID and ASK ratio (set at 10% depth to handle orders) shows buyers a bite while the price fell into the $ 112,000 area at $ 111,000 on August 19 to August 22 and again while BTC dropped to $ 107,200 from Friday to Sunday. It should be noted that before August 19, the metric had not reported an instance of the order book with more offers than the sales orders since June 22, when the BTC price fell below $ 98,000.
The Bitcoin liquidation thermal card at 30 days shows the downward liquidity that continues to be absorbed, with the largest cluster at $ 104,000.
Over a shorter period, the one hour BTC / USDT table at TRDR.IO shows offers belonging to $ 105,000, $ 102,600 and $ 100,000. By adjusting the 10% depth order book, offers in the area from $ 99,000 to $ 92,000 are also present.
While buyers prove to be eager to buy new lower reductions, the liquidity of orders combined with low BTC prices is the decline and sellers continue to overcome lowering buyers. Wall Street (and the BTC ETF spot) will be closed on Monday, and the negative overhang of OG whales selling on the free market should continue to weigh on the short -term price.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.