resistance

Crypto analyst Ali posted on platform X, stating that Dogecoin has currently reached an important resistance area of about 0.098 USD, with approximately 28 billion DOGE traded around this price level. Meanwhile, the whales continue to accumulate.In the past 96 hours, large holders have cumulatively bought over 1.14 billion DOGE, worth about 112 million USD. Ali added that the whales seem to be positioning themselves for a breakout of DOGE above the current resistance level.

Liquid Capital founder Yi Lihua posted on platform X, stating: "The market has risen to the $86,000 resistance level, facing a normal pullback, but in a bull market, one should not short. Be patient and wait for the next buying opportunity.In terms of specific opportunities, ETH is stronger, trading infrastructures like UNI, HYPE, etc., are recognized as necessities, and ZEC is a strong asset."

Famous trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, shares his long-term outlook on Ethereum, stating that the current Ethereum price is around 2794 USD, indicating a potential rise to around 8600 USD after breaking through the 5000 USD resistance. Additionally, Peter Brandt believes that the long-term target for XRP could reach 5.4 USD.

The founder of the Liebit Mining Pool, Jiang Zhuoer, stated that the Bitcoin trend aligns with one of the expected scenarios he previously published, which is: "Touching the high resistance zone of 83~84k, then starting a significant correction."Jiang Zhuoer also believes that "this pattern indicates that this is not the highest point; let's wait and see, do not short. Hold a full position of ETH spot and wait for the rise."

CryptoQuant analyst Axel Adler Jr. stated that the Bitcoin 30-day compression indicator has risen to an extreme range of 93.9%, marking the fourth occurrence of a similar situation since the current bear market phase.Over the past 20 days, the Bitcoin price has continuously tested the annual moving average line but has failed to establish a solid position, indicating that volatility compression is intensifying near key resistance levels, and a directional choice may be faced in the short term.

CoinShares pointed out in its latest research report that the Federal Reserve's hawkish policy shift and the stalled CLARITY Act are the two major short-term pressures facing the current cryptocurrency market. The report states that the Federal Reserve believes inflation is still too high, and the latest interest rate forecasts no longer indicate any room for rate cuts before 2027, which has supported the dollar and short-term U.S. Treasury yields. Coupled with the Iran conflict driving up energy prices, the possibility of another rate hike within the year has increased.CoinShares believes that if the inflation outlook does not improve significantly or if there is no major shift in monetary policy expectations, it may be difficult for Bitcoin to effectively break through $80,000 before the end of the year. In terms of regulation, the main disagreements regarding the CLARITY Act still focus on ethical provisions, with a revised version possibly being pushed forward as early as next year. Due to Bitcoin's relatively clear regulatory status, the stalled act has limited impact on it, while Ethereum and other altcoins face greater regulatory uncertainty.

CryptoQuant analyst Darkfost stated that Bitcoin is currently operating above the "active supply cost basis" of $71,300, which represents the average cost of BTC actually circulating in the market and may form significant support.On the other hand, the "capital input cost basis" of $79,800 constitutes resistance, as BTC has previously faced obstacles at this level, with some loss-making positions choosing to exit after approaching breakeven.

Corpay Chief Market Strategist Karl Schamotta stated that the Federal Reserve's decisive interest rate hike received support from all FOMC members and raised interest rate expectations, which will help restore market confidence in the Federal Reserve's determination to combat inflation and eliminate a major obstacle that has suppressed the performance of the dollar.

After the CPI was announced yesterday, Ethereum briefly surged nearly 10%, quickly rising from $2433 to $2667. According to analyst alicharts, this short-term spike was driven by whales, during which the number of Ethereum transactions worth over $1 million increased by nearly 14%.However, alicharts also stated that Ethereum is now approaching a major resistance level. Previously, over 10 million ETH were traded between $2700 and $2800, forming a significant supply barrier. This is the key range that whales must break through for Ethereum to rise to $3000.

The Southeast Asian cryptocurrency industry is expected to double its funding to $680 million by 2026, with Singapore taking the lead.Japan's Metaplanet faces shareholder backlash due to the executive stock incentive plan.

According to CoinDesk, the U.S. Department of Commerce has allocated up to $100 million each to three quantum computing companies: Rigetti, D-Wave, and Quantinuum, totaling up to $300 million, to expand hardware, manufacturing, and error correction systems, while simultaneously acquiring minority stakes in the three companies.Meanwhile, Bitcoin and Ethereum developers are accelerating the advancement of post-quantum cryptography upgrade plans. The Ethereum Foundation has set December 2029 as the deadline for the base layer quantum resistance upgrade, covering the execution layer, consensus layer, and data layer; although there is no unified timeline for Bitcoin, proposals BIP-360 (post-quantum output types) and BIP-361 (phasing out ECDSA and Schnorr signatures) have been accelerated, with researchers also viewing 2029 as a critical window for completing a trustworthy migration path.

On-chain analysis platform Glassnode released a report stating that Bitcoin has risen 23% over the past 21 trading days, while the S&P 500 and Nasdaq 100 remained flat during the same period, but are still down 10% year-to-date. The cost basis of long-term holders, the futures liquidation map, and the breakeven point for the U.S. spot ETF all indicate upper resistance between $83,000 and $86,000, with the highest spot price approximately 1.5% below the bottom of that range, followed by a narrow consolidation below $80,000.Approximately 1.07 million Bitcoins were purchased by long-term holders in the $83,000 to $86,000 range, with the heaviest positions close to $85,000, and this block has remained nearly unchanged for the past 30 days. The selling pressure at the high point of the range is calculated at 7 basis points per day based on the selling risk ratio, which is less than half of August's peak of 16 basis points, and the profit realization ratio for long-term holders has dropped from 88% in August to 47%. The breakeven point for the U.S. spot ETF since its launch has been around $86,000, with the paper loss narrowing to approximately $3.9 billion.U.S. core inflation has fallen to a two-year low of 2.5%, with inflation expectations at 3.6%, marking the widest gap in three years; the 10-year U.S. Treasury yield closed at 4.8%, near a two-year high. The derivatives liquidation heatmap shows that the short liquidation shelf between $82,000 and $86,000 has increased by 21% since the squeeze on August 19.

According to CoinDesk, Glassnode data shows that Bitcoin wallet groups have collectively turned to net selling for the first time since early June. Bitcoin fell below $80,000 after being blocked at the key resistance level of $83,000. The current Glassnode accumulation trend score is 0.37, close to 0, indicating selling, led by whales holding over 1,000 BTC.In the previous three months, almost all groups were actively accumulating, with Bitcoin trading sideways around $60,000. Bitcoin is also facing resistance at approximately $79,687, the 50-week moving average. However, the 50-day moving average may cross above the 200-day moving average as early as Tuesday, forming a golden cross, providing an optimistic signal for bulls, which means Bitcoin may eventually break through the resistance zone.

Glassnode released a report stating that a short squeeze in mid-August drove Bitcoin's rebound, breaking above $80,000 on August 27. However, the price subsequently encountered resistance in the long-term supply zone above and fell back to around $76,000, triggering a series of long liquidations. Currently, there is still a large amount of potential short liquidation positions clustered between $83,000 and $86,000, while the area between $60,000 and $63,000 contains an undigested long liquidation zone, with BTC positioned between the two.On-chain data shows that when Bitcoin traded around $78,000 in May this year, about 65% of the supply was in profit; by the end of August, when it returned to the same price level, that ratio had risen to 68%. The summer redistribution of chips pushed the cost basis of short-term holders to about $71,000, and the same price now would activate more profit-taking chips, increasing potential selling pressure. Considering the overall cost basis and chip distribution, the accumulation support zone is between $62,000 and $65,000, while the concentrated supply zone for long-term holders is between $83,000 and $86,000.The average net inflow of the U.S. Bitcoin spot ETF during the rebound peaked at $290 million per day over seven days, but the daily trading volume in the secondary market remained around $3 billion, significantly lower than during the previous expansion phase. Meanwhile, the yield on U.S. 10-year Treasury bonds briefly fell to 4.6% after the Treasury's repurchase announcement on August 19, but returned to 4.8% in just eight trading days, reaching a new high for this cycle, indicating that sovereign debt pressure is still affecting market valuations. In the options market, short-term optimism has cooled, while long-term options demand remains. The open interest for Deribit and IBIT options expiring on September 25 is about $14 billion, with a large number of positions concentrated above $80,000, which may become important volatility and position anchor points in the coming weeks. Before the supply above $83,000 to $86,000 is digested, BTC will continue to maintain range-bound fluctuations, with $62,000 to $65,000 being the main downward reference area.

StarkWare successfully tested quantum-resistant transactions on the Bitcoin network, marking a further enhancement of Bitcoin's technological defense capabilities against the threat of quantum computing.

Justin Sun stated at the Bitcoin Asia 2026 conference in Hong Kong that the threat of quantum computing to blockchain and the entire financial system is widespread, and traditional banks like JPMorgan are also facing risks.Due to the highly decentralized nature of the Bitcoin community, which involves multiple participants such as miners, exchanges, and WBTC, reaching a consensus on quantum resistance will take a long time. Justin Sun mentioned that TRON has been developing quantum-resistant mechanisms over the past year, and in the first half of this year, they released a quantum-resistant address solution and launched it on the testnet, with plans to upgrade the entire network to a mainstream cryptocurrency network with quantum resistance capabilities by the end of this year.

According to The Block, Glassnode stated that $81,000 to $86,000 is the resistance wall between Bitcoin's current rebound and the January peak. Bitcoin has rebounded 26% since the August low.Glassnode pointed out that this round of Bitcoin's movement is supported by $2.23 billion in ETF inflows, continuous outflows from exchanges, and widespread accumulation among various wallet groups.