HTF 1D:
Bitcoin is steady at $59,080, with the 200-day BPRO trend support at $62,750 and 200-day SMA support at $63,682. The RSI is 44, indicating moderate buying interest, with 50-day momentum at 51. The ATR is 2550, and the 50-day volatility index is 2740, suggesting potential market stability.
HTF 12H & MTF 4H:
Bullish momentum faces resistance as a bear breakout attempt occurs. The CTF Trailer remains in bull mode with stop support at $59,102, while the HTF Trailer shifts to bear mode with stop resistance at $67,057. Trading ranges are between $61.4k-$62.1k for the High Band and $56.7k-$57.5k for the Low Band, key for near-term movements.
Fear & Greed Index:
Currently at 29, signaling 'Fear' and cautious market sentiment.
Mining Costs:
Bitcoin mining costs have risen to $75,119, impacting miners' profitability. The mining cost-to-price ratio is 1.27.
Seasonality & Outlook:
From September 1 to October 1, Bitcoin shows a -49.69% annualized return, with 42.86% profitable trades. The average loss is -5.46%, with a max gain of +7.70% and a max loss of -37.32%.
Net Unrealized Profit and Loss (NUPL):
The NUPL is at 0.467, indicating that a significant portion of the market remains in profit, which might increase selling pressure.
MVRV Z-Score:
The MVRV Z-Score is 1.84, suggesting the market is moderately overvalued but not at extreme levels.
Hope it helps. God bless.
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