Crypto markets posted a mild rebound on Sept. 15. Bitcoin traded at $77,918 as of 9 a.m., up 1.42% over the past 24 hours, with an intraday high of $79,600 and a low of $76,636. Ether rose to $2,513, up 1.13%. SOL added 2.69% to $102.43, while XRP climbed 5.24% to $1.4187.
The report said the crypto market was showing resilience under macro pressure tied to expectations that the Federal Reserve will raise rates this week, with price action reflecting a broader but still moderate rebound.
$341 million in liquidations, with shorts taking the heavier hit
Total crypto derivatives liquidations reached $341 million over the past 24 hours. That included $109 million in long liquidations and $232 million in short liquidations, putting short-side losses at roughly 68% of the total. In all, 77,568 traders were liquidated.
The largest single liquidation was recorded on Binance’s ETH/USDT trading pair, at $9.19 million.
U.S. 10-year Treasury yield moves above 5%
According to the report, the yield on the U.S. 10-year Treasury has recently moved above 5%. The market has fully priced in a 25-basis-point rate increase at this week’s Fed decision. The article said that development has weighed on risk-asset valuations in the short term, but that crypto markets have gradually absorbed those expectations after the pullback seen in early September.
Major tokens move higher
SOL rose 2.69% to $102.43. The report listed its 14-day high at $107.08 on Sept. 6 and its 14-day low at $97.65 on Sept. 2.
XRP was the strongest performer among the major tokens cited, rising 5.24% in 24 hours to $1.4187. Its 14-day range high was listed at $1.4961.
Technical levels: BTC remains below SMA20, ETH holds above key moving averages
Bitcoin’s daily close was $78,189. Its RSI stood at 57.8, which the report described as a relatively strong zone. Price was below the SMA20 at $78,474, but above the SMA50 at $71,449 and the SMA200 at $70,224. MACD remained in bearish alignment, though the histogram narrowed from the previous day. On the Bollinger Bands, the close was below the middle band at $78,474.
The article listed Bitcoin resistance levels at the SMA20 of $78,474, the upper Bollinger Band at $80,974, and the 30-day high at $82,300. Support levels were the lower Bollinger Band at $75,973, the SMA50 at $71,449, and the SMA200 at $70,224.
Ether closed at $2,516 on the daily chart. Its RSI was 61.3. Price stood above the SMA20 at $2,474, the SMA50 at $2,198, and the SMA200 at $2,061. MACD was still in bearish alignment, with the histogram narrowing from the prior day. Bollinger Bands showed the price above the middle band at $2,474, indicating short-term strength in the framing of the report.
For Ether, the report listed resistance at the upper Bollinger Band of $2,549 and the 30-day high of $2,666. Support was placed at the SMA20 of $2,474, the lower Bollinger Band at $2,400, and the SMA50 at $2,198.
Fear and Greed Index rises to 69
Data from Alternative.me showed the Fear and Greed Index at 69, in the “Greed” zone, up 12 points from 57 a day earlier. The report said the index has ranged from 56 to 69 over the past eight days.
The article said market sentiment has moved quickly from neutral-to-fearful territory back into greed, and it identified this week’s Fed rate decision as the main variable for the days ahead. If the Fed delivers the 25-basis-point increase already priced by markets, the tone of its post-meeting communication will shape the market’s next direction, according to the report.
The report also said on-chain data showed strong buying support for Bitcoin around $76,000. Whether the rebound continues in the short term will depend on whether BTC can move back above the SMA20, around $78,500.
The article was compiled by BlockTempo and cited Binance, CoinGecko, Alternative.me, and CoinGlass as data sources.