Bitcoin Holds the Line π The Daily Chart Report
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Todayβs Summary
Thursday, August 28, 2025
Indices: Nasdaq 100 +0.58% | S&P 500 +0.32% | Russell 2000 +0.19% | Dow +0.16%
Sectors: 6 of the 11 sectors closed higher. Technology led, gaining +0.79%. Utilities lagged, closing lower by just -0.76%.
Commodities: Crude Oil rose +0.70% to $64.60 per barrel. Gold rose +0.75% to $3,474 per oz.
Currencies: The US Dollar Index fell -0.31% to $97.88.
Crypto: Bitcoin is currently up +0.68% to $112,004. Ethereum is down -0.65% to $4,477.
Volatility: The Volatility Index fell -2.70% to 14.44.
Interest Rates: The US 10-year Treasury dropped to 4.205%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Louis Sykes (@haumicharts).
- Bitcoin has pulled back about ~10% from its record closing high of $123k over the past two weeks. However, Louis notes that the former resistance has turned into support, signifying a successful retest so far.
- $108 ~ $110k was the ceiling in the first half of the year, suffering multiple rejections between December and July. It finally cracked in mid-July and hasn't been tested from above as potential support until now.
- Losing this key level would've been a major setback for the entire crypto space, but the strong hands appeared where they needed to. This also bodes well for stocks, as Bitcoin has been an excellent leading indicator for risk appetite.
The Takeaway: After pulling back ~10% over the past two weeks, Bitcoin has successfully retested its former highs near $110k. Holding above this key area would be a positive sign for crypto and risk appetite more broadly.
Quote of the Day
"Iβve never understood the apocalyptic theory of investing. If the world really does collapse, is it really going to do you any good to have a few Krugerrands in your pocket?"
- Peter Lynch
Top Links
Bears Have Been Running Wild in September Since 1950 - Almanac Trader
Jeff Hirsch examines September seasonality for the major averages.
Staples Collapse, Discretionary Soars π - The Daily Number
Grant Hawkridge looks at the recent message from Consumer Discretionary and Consumer Staples.
The AI Revolution in Banking - The Strazza Letter
Steve Strazza highlights the setup for the big banks.
An Interview With Eric Jackson - StockMarketTV
Phil Pearlman interviews activist investor Eric Jackson on his latest position, OpenDoor ($OPEN).
A Small Cap in a Big Cap's Clothing - Bespoke
Bespoke notes that Apple ($AAPL) has been more correlated to the Russell 2000 than the S&P 500 lately.
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