Bitcoin and Ethereum Show Mixed Signals Ahead of Economic Data
- Bitcoin returned to the upper edge of its trading range around $81,550, with a May high of $82,828.7 remaining untested for five weeks.
- Ethereum hit a new previous-week high at $2,669.00, but left several fair-value gaps unfilled below this price level.
- The Dollar Index maintained a bullish structure above the key level of 100.000, reaching a recent high of 100.564.
- Upcoming economic indicators include preliminary PMI readings on September 23 and weekly jobless claims on September 24.
- Open interest in Bitcoin increased to approximately 109,640 contracts beneath recent highs, indicating potential for volatility.
As Bitcoin approaches critical resistance levels and Ethereum shows mixed momentum signals, market participants are closely watching upcoming economic data for potential impacts on price movements.
With Bitcoin stalling near $81,550 and Ethereum reaching $2,669.00, traders are keenly aware of the significance of these levels amid changing market conditions.(Source)
