September often brings a shift in crypto sentiment. As markets roll into the month, Bitcoin, Ether and XRP are trading in tight ranges while the Crypto Fear and Greed Index slides from 75 in mid‑August to 46 — back in “fear” territory. Historically dubbed “Red September,” Bitcoin has averaged a 3.77% drop each September since 2013, and traders are positioning accordingly.
Bitcoin: testing key support
Bitcoin is consolidating near $108,000, trading around $108,842 after bouncing off an intraday low near $107,270. Technicals show a neutral environment: the Average Directional Index (ADX) sits near 20, indicating a weak trend, while the Relative Strength Index (RSI) near 40 suggests growing selling pressure. The Squeeze Momentum reads “off,” implying recent volatility has already been released.
Structurally, the 50‑day EMA remains above the 200‑day EMA, but the gap is narrowing — a sign that bullish momentum is decelerating and a potential death cross could form if selling intensifies. Prediction-market odds on Myriad now favor a fall to $105,000.
Ethereum: range with building volatility
Ether is under pressure around $4,363, failing to hold a brief spike toward $4,490. ETH’s ADX at 28 signals an established trend, and its RSI near 57 still reads as relatively healthy. The Squeeze Momentum is compressing again, which can precede a breakout — up or down — and the EMA alignment remains bullish.
XRP: sideways and fragile
XRP trades near $2.76 and shows the weakest trend metrics of the three, with an ADX around 19. Price action hints at a descending triangle and the coin has slipped below its 50‑day EMA. The Squeeze Momentum is “on,” suggesting volatility is coiling; Myriad odds favor a drop to $2.50.
What traders should watch
Key levels to monitor: Bitcoin support $105,000 / resistance $113,000; Ether support $4,360 / resistance $4,500; XRP support $2.50 / resistance $3.00. The Federal Reserve meeting on Sept 16–17 and ongoing inflation data remain major macro catalysts that can amplify moves.
Risk reminder: Technical signals and prediction markets reflect probabilities, not guarantees. Manage position sizing and expect higher volatility in September.
Source: Decrypt. Read the original coverage for full details.