Bearish Momentum #bitcoin is gaining traction — which was expected after the divergence signal — we showed this divergence a few days ago 🤝 see post below👇
Meanwhile #BTC price is extending its pullback — Let's keep monitoring.
#bitcoin has moved into a new subcycle between $81k-$89k after establishing the former resistance channel ($76k–$71k) as support.
The price paused at top of resistance channel($86k) and is currently testing the bottom of channel helping to fill advanced buy orders, since we have fully sold this channel and the average price Short Hedge Position is near the 50% level($83k) of channel.
If the price rises to $89k, it opens a high-probability window to advance another subcycle and we’ll be ready to double the short hedge position between $92k-$100k, following break of the 3-point control level without a subcycle reversal — which dramatically increases the probability that next move will be a full retracement, opening an opportunity to close out the short hedge position.
The target for hedge position is below $78k down to support channel — this target changes if price advances to $89k after testing lower zone current resistance channel.
Our expectation is that #BTC price will complete a full rotation in this subcycle, once we reach 100% and create a distribution zone within the current channel, where we have been for about 18 days. Time matters because it generates volume, traps traders in certain key regions and wears down investors’ patience.
In our last analysis, we emphasized that in addition to the short position — which we’ve increased and continue to increase within current resistance channel, just as we do in all channels — the new long position we’ve begun building in previous resistance channel acts as a counterbalance to hedge that has already paid off and we’re taking the same approach in current channel($81k–$86k) because the same movement may or may not occur.
If the market completes a full retracement down to support channel of current subcycle, we will close 95% Short Hedge Position (increasing amount BTC) and double the advanced Long Position we’re building in the current channel — the expected average price for this position is $72k–$73k under this scenario.
In the last technical analysis update, I emphasized that the $64k support level increases likelihood that #BTC price will rebound and continue its recovery.
We’ve circled it in yellow ($78k) — a new control point, a new subcycle— the price is here and has successfully completed a full rotation.
I increased my Short Hedge positions during this move by filling orders mainly within the resistance channel ($71k–$76k) — as I mentioned I would do about a month ago — track everything by following the thread! The Long position in the support channel we built during last bearish move — a two-channel retracement — paid off and has already been completely closed.
#bitcoin price has not yet broken out of the current subcycle — to do so, it must break through $78k or $58k. If the price establishes current resistance channel ($71k–$76k) as new support, it opens the door for $78k to be broken and for price to expand into a new subcycle, setting a target at $81k–$89k — this move will only occur if $73k holds as the main support (former resistance — new support).
I’ve started building a new Long position within the current resistance channel ($76k–$71k) — in anticipation that this channel will flip to support, countering active Short Hedge. Staying humble in the face of volatility, building positions, and prepared for movements in both directions of the market.
Strategy purchased 334 #BTC at an average cost of $85,839 totaling $28.7 million
The company now holds 848,000 BTC in its holdings at a current cost basis🟡 $76k with an unrealized gain🟩$8,43 b
92,894 shares of MSTR were sold totaling $15.7 million — 100% of this amount was allocated to increasing exposure to #bitcoin
It used $13 million from the USD Cash to complete purchase BTC and $154.1 million to repurchase STRC. The company used $142.5 million from the USD Reserve to pay preferred dividends and interest on debt.
Coinbase Premium Z-Score #bitcoin has remained in positive territory since August 26, indicating that institutional appetite remains active.
However, volume is declining after peaking — which suggests caution in the short term as these investors tend to take profits, increasing the likelihood of triggering forced liquidations and creating opportunities for new entries into #BTC
Coinbase Premium Z-Score hits new 2026 high🔥 signaling a return of institutional appetite for #bitcoin
About a month ago, we highlighted an active bullish divergence in this indicator, which influenced the relief in short-term selling pressure from institutional investors on #BTC acting in that region.
Since November 2025, the Puell Multiple MA7d has been in Discount zone🟢 and has remained below 1.00 for about 10 months👀
Historically, whenever this indicator has traded below 1.00 (discount zone), it has signaled periods of #bitcoin accumulation associated with market bottoms.
As the Puell Multiple breaks above 1.00 — exiting the accumulation zone — a reversal is expected to be underway, with an initial target of 2.00🟨 — #BTC price has room to continue rising in an attempt to break through key resistance levels.
Exchange CDD Pressure Index #bitcoin remains below the Neutral Zone (0.00) — which is positive for a price reversal
We emphasized in our last analysis in August 2026, that as this indicator remains below 0, it paves the way for recovery to evolve into reversal trend — which is exactly what we’re seeing now.
We continue to monitor this indicator because when new peaks above neutral zone occur, the risk of a correction in #BTC will increase exponentially.
Long-Term Holders are losing momentum in potential selling volume to exchanges since the June 2026 low
After three descending tops, we caution that this signal opens the door for a #bitcoin recovery 🤝
Now, this recovery movement could evolve into an actual reversal as long as the Exchange CDD Pressure Index remains below the Neutral Zone — we will continue to monitor.
It has now been 12 months since the BTC/Gold Ratio Z-Score indicator entered negative territory, indicating that BTC is oversold relative to Gold, favoring risk-to-return in BTC positions.
In our last analysis in August 2026, we reinforced the idea of #BTC greater potential for appreciation relative to Gold — this has not changed, the market is moving in opposite direction it has over the past year.
#bitcoin still in Oversold territory relative to gold
This correlation has been weakening since February/2026, moving closer to the equilibrium point between two assets.
#BTC and Gold tend to move in sync most of time, though sometimes Bitcoin outperforms Gold or vice versa, as in 2025 when gold rises 38% while BTC drops -50%.
Anyone who has been trading #GOLD for #BTC recently is technically making a good deal in the medium term, as Bitcoin is down 50% from its ATH and Gold is down 27%, with BTC having greater upside potential over the next few years compared to Gold up potential.
IBCI Monthly reaches 42.86 points approaching neutral range (50—yellow line) — the highest level since December 2025
The indicator has moved away from the accumulation zone, where it had remained for about 10 months — it is expected to reach 50+ points to confirm the reversal of #bitcoin bear market.
IBCI Momentum hits -14.849 🔺 — It’s the lowest bar in 7 months
Last month, the low was not retested, which indicated a reversal signal. In our last analysis, we emphasized that the next bar would confirm this signal if slowdown continued — and that is exactly what has just happened👀
The trend is for the slowdown to continue in coming months, while #bitcoin price continues to extend uptrend formed since the last low, breaking through key resistance levels.
The new month bar IBCI Momentum #bitcoin does not renew the low, indicating an active reversal signal
To confirm this signal, the next bar (October) must continue to decelerate
Although the indicator has not reached historical range (-25 | -30), a pattern can be observed: The formation of historical lows is characterized by a slight upward slope — this indicates that #BTC bear markets are becoming milder over the course of cycles
#bitcoin Fear & Greed Index reached 78 — Extreme Greed — Highest level in 13 months
This move is expected as #BTC price is staging a reversal rally — however, with sentiment remaining in greed territory, the risk of triggering pullbacks that liquidate leveraged positions increases.