Bitcoin Risk Of Labor Day Drop To $105K Rises

Main meals:

• DipCoin buyer has returned, but sellers still overcome in futures and instant markets.

• Closed markets on Labor Day and the threat of sale by OG Bitcoin whales can send the BTC price to $ 105,000 and less.

Bitcoin (BTC) is trading in rock water where prices are struggling to bear more than 108,000 dollars, and at the present time, there are no signs of recovery on the horizon. Traders are cautious due to the closure of Wall Street on Monday for the Labor Day holiday and the accumulation of bitcoin whale, which is likely to empty another billion dollars of BTC in the open market.

Prospel and selling transfers from a long -term bitcoin portfolio, convert revenues to ether (ETH), and downflows to ETF BTC boxes, and weekend weakness in DOW, S & P500 and NASDAQ are all over the feelings of the investor. In addition to the pressure is the speech of US President Trump, who is behind the tariff, and the response of the markets to the president’s attempts to control the Federal Reserve.

Some long positives are the expectations of the market participants that the Federal Reserve starts to reduce interest rates in late September or October, but these hopes were not enough to improve investor morale in the short term.

From a technical point of view, the procedure between the price of bitcoin during the day is mainly driven by activity in the permanent future contracts market, as the cumulative size for sale appears from the group of 10,000 to 10 million of the category that exceeds the purchase in the immediate period and the future team in Binance and Coinbase.

While selling in future contracts continues to suppress the collapseand Partners in the retail size (100 to 10 thousand) buyers buy every new level.

Related to: Will the bitcoin price decrease in September?
As shown in the graph below, the percentage of giving and tendency (which was appointed to 10 % of the depth of the local request book) shows buyers who take a bite as the price decreased to $ 112,000 to $ 111,000 on August 19 to August 22 and again as BTC was sent to $ 10,200 on Friday to Sunday. It should be noted that before August 19, the scale did not know an example of a request book that contains more bids from sale orders since June 22, when the BTC price decreased to less than $ 98,000.

The 30 -day rotational map of Bitcoin shows continued absorption of negative liquidity, with a group, the most prominent of which is $ 104,000.

On a shorter time frame, BTC/USDT scheme for an hour on Tradr.io He offers bidding with $ 105,000, $ 102600 and $ 100,000. The appointment book is set at a depth of 10 %, there are also bids in the region 99,000 dollars to 92,000 dollars.

While buyers are keen to purchase declines to their lowest levels, the application book liquidity along with twice the price of BTC prefers the negative side and sellers continue to overcome buyers. The Wall Street (and the designs of the investment funds circulating in the period of BTC) will be closed on Monday, and the negative structures of the sale of OG whales are likely to continue in the open -term open -term market.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.