Demand for riskier assets falls as BTCUSD trades below $65,000. It is presently trading around $63175 and hit an intraday low of $62676.
|
Technicals |
CMP -$63159 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$67278 |
CMP < 55 EMA |
Bearish |
|
200- EMA |
$73731 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$79301 |
CMP < 365 EMA |
Bearish |
Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-294.85 |
|
ADX |
Bearish |
Strength increased to 26.48 from 29.02 |
It is good to sell on rallies around $67200-300 with SL around $70100 for a TP of $60000.
