BTCUSD trades under $65,000 on meager ETF outflows and rising US-Iran geopolitical tension. It has decreased to $61310 and is now trading around $62641.
|
Technicals |
CMP -$62683 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$71183 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$74966 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$75249 |
CMP<365 EMA |
Bearish |
Major support- $59000/$52796. Minor bullishness only above $70000. Any break above targets $72200/$74950/$78000/$80000/$82000/$85890/$90000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-347 |
|
ADX |
Bearish |
Strength increased from 19.45 to 33.69 |
It is good to sell on rallies around $66000, with an SL around $70000, for a TP of $59500/$52750.


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