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Published: 29 September 2026,06:03
Daily Market Analysis New
*Bitcoin has retreated from $87,000 to around $83,000, while Ethereum slipped below $2,700 as bullish momentum fades.
*Profit-taking, leveraged liquidations, rising Treasury yields, a stronger dollar and slowing ETF inflows have weakened risk appetite.
*Bitcoin’s 80,000-82,000 support zone remains critical, while Ethereum is likely to track Bitcoin as markets await key U.S. data and Fed signals.
Bitcoin and Ethereum have lost directional momentum following last week’s sharp advance to multi-month highs, with both assets now consolidating and drifting lower. Bitcoin retreated from peaks near $87,000 to trade in the 83,000 region, while Ethereum has slipped below $2,700 and is holding around $2,650. The pullback reflects a classic post-breakout digestion phase rather than an outright reversal, yet the absence of fresh bullish catalysts has left the market without a clear upward drive.
Several factors are contributing to the current lack of conviction. Profit-taking after a rapid multi-day rally has been evident, accompanied by leveraged long liquidations that amplified short-term selling pressure. At the same time, rising U.S. Treasury yields— with the 10-year note climbing above 5.1 percent—and a firmer dollar have increased the opportunity cost of holding non-yielding risk assets. Markets are also pricing a more hawkish Federal Reserve path, with elevated odds of further rate increases later this year, which typically weighs on speculative sentiment. Although U.S. spot Bitcoin and Ethereum ETFs recorded substantial net inflows last week, daily flows have slowed, reducing the immediate institutional bid that powered the earlier move.
In the near term, both Bitcoin and Ethereum are likely to remain range-bound as traders await this week’s key U.S. data, including the PCE inflation reading and employment figures, alongside ongoing Federal Reserve commentary. A sustained hold above the 80,000–82,000 zone for Bitcoin would help preserve the constructive structure established by the recent breakout, while a decisive break lower could invite deeper profit-taking and test stronger supports. Ethereum is expected to track Bitcoin’s lead with limited independent momentum. Until clearer macro or flow signals emerge, the market appears positioned for continued consolidation with a mild downside bias rather than an immediate resumption of the prior rally.
Technical Analysis
BTC, H4:
Bitcoin continues to trade within a lower-high price structure, suggesting that buying momentum is weakening as sellers gain greater control over near-term price action. The cryptocurrency is now approaching the lower boundary of its week-long consolidation range, raising the risk of a bearish breakout if buyers fail to defend current levels.
A decisive break and sustained close below $82,500 could confirm a continuation of the prevailing downtrend and trigger a fresh wave of selling pressure. Such a move would likely shift market attention toward the key psychological support at $80,000, where buyers are expected to mount a stronger defence.
The $80,000 threshold remains critical to Bitcoin’s near-term outlook. Holding above this level could encourage bargain hunting and support a technical rebound toward the former consolidation range. However, a sustained break below $80,000 would further weaken market sentiment and could accelerate the decline through stop-loss liquidations, leveraged position unwinding and panic-driven selling. Until Bitcoin breaks above its sequence of lower highs, the short-term technical bias remains tilted to the downside.
Resistance Levels: 86,700.00, 92,290.50
Support Levels 82,185.00, 76,320.35
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