Stock Market LIVE Updates, Sensex Today: Markets Likely To Open Flat

Vikram Subburaj, CEO, Giottus.comBitcoin traded near $79,850-$80,000 on Monday morning, broadly unchanged over 24 hours, as markets digested Friday's stronger-than-expected US employment report. Bitcoin has recovered from the $76,000-$77,000 region seen earlier last week but remains within a well-defined range. Immediate support lies around $78,400-$78,800, followed by $76,800.Resistance is near $81,200-$82,300. The heavier on-chain supply zone between $83,000 and $86,000 remains the larger hurdle.The on-chain picture remains constructive but not uniformly bullish. Institutional allocation and large-value settlement remain healthy. Entity-adjusted transfer volumes remain elevated. Most Bitcoin supply also continues to sit in unrealised profit. However, retail participation has softened, while short-term speculative capital and leverage have increased. The market is currently in a transitional phase. Strong institutional demand remains supportive. However, weaker secondary-market activity and tighter volatility conditions are limiting momentum.US spot Bitcoin ETF demand strengthened again last week. ETFs recorded $236.5 million in net outflows on September 1. This was followed by $101.1 million in net inflows on September 2. Inflows increased to $730.8 million on September 3 and $174.6 million on September 4.The September 1-4 period therefore produced roughly $770 million in net inflows. This indicates that institutional demand remains an important support for the market.Large-cap altcoins are also broadly resilient. Ethereum traded near $2,514, BNB around $749, XRP near $1.42, Solana around $106 and TRON close to $0.335. Solana was among the stronger performers, gaining about 2.5% over 24 hours, while Ethereum was up roughly 1%.Macro remains the key risk. US payrolls increased by 162,000 in August, far above expectations, while unemployment stayed at 4.1%. Markets now price roughly a 57%-59% probability of a September Fed hike. Attention shifts to US CPI on September 11, ahead of the Fed's September 15-16 meeting. Brent crude near $96 also keeps inflation risk elevated.Our advice: Bitcoin's recovery remains intact, but investors should avoid chasing moves near resistance.Staggered accumulation and disciplined exposure remain preferable. Immediate support lies around $78,400-$78,800. Resistance is near $81,200-$82,300.