FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown 
FxWirePro- Major Crypto levels and bias summary 
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200 
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.
