Bitcoin’s Sunday gain has revived caution among traders after analyst Ali Martinez warned that a familiar Monday reversal pattern may be returning. BTC rose more than 1% on Sunday, and Martinez pointed out that in five consecutive Sunday-to-Monday sessions between August 29 and September 28, the direction flipped each time. For example, Sunday gains of 0.50% on August 29 and 0.66% on September 6 were followed by Monday losses of 0.68% and 1.54%, while Sunday dips of 0.57% on September 13 and 0.10% on September 20 preceded Monday gains of 1.75% and 6.71%. On September 27, Bitcoin closed up just 0.01% and then fell 1.12% on Monday.
In addition, Martinez highlighted fresh TD Sequential sell signals on the four-hour charts for Bitcoin, Ethereum, and Solana. According to the analyst, the previous four comparable Bitcoin signals were followed by corrections of 1.74%, 4.37%, 3.11%, and 1.96%. Ethereum’s last two comparable readings preceded declines of 5.40% and 3.31%, while Solana’s previous three signals were followed by pullbacks of 2.44%, 5.76%, and 5.30%.
Bitcoin’s price action has been volatile around the latest US jobs data. After an unexpectedly weak jobs report on Friday, BTC moved above $87,000 before falling below $84,000. Lacie Zhang of Bitget Wallet Research described $87,500 as the critical resistance level, with support in the $82,000 to $85,000 range. At the time of writing, CoinGecko data showed Bitcoin trading slightly above $86,000, up about 1.5% over 24 hours and nearly 4% over seven days. The two-week and 30-day gains were almost 6% and more than 8%, though BTC remained roughly 31% below its all-time high above $126,000.
Broader market data from TradingView showed total cryptocurrency market capitalization at $2.91 trillion, down $5.13 billion or 0.18% for the period, while market volume reached $88.41 billion, up 10.38%. Stablecoin market capitalization stood at $311.36 billion, a 0.64% increase. Bitcoin dominance was 59.59%, Ethereum accounted for 11.43%, and other cryptocurrencies represented the remaining 28.97%.
