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FxWirePro- Major Crypto levels and bias summary 
BTCUSD trades above $75000 on strong institutional demand..It hits an high of $78390 and is currently trading at about $75031.
With BlackRock's iShares Bitcoin Trust (IBIT) alone seizing USD 871 million in one week, Bitcoin remains the undeniable trend leader. Bitcoin funds have had the most inflows this year, bringing in USD 1.9 billion. Meanwhile, the Ethereum sector is still struggling, with a negative balance of -USD 130 million.
|
Technicals |
CMP -$75031 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$74265 |
CMP> 55 EMA |
Bullish |
|
200- EMA |
$71652 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$72234 |
CMP< 365 EMA |
Bullish |
Major support- $70000/$67000/$64000/$60000/$52500/$50000. Minor bullishness only above $76200. Any break above targets $78500/$80000/$85500.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
26.62 |
|
ADX |
Neutral |
|
It is good to buy on dips around $73000, with an SL around $70000, for a TP of $80000.
