Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
FxWirePro: USD/ZAR sell bias remains below key resistance zone 
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets 
FxWirePro: EUR/AUD downward momentum remains in place 
FxWirePro- Woodies pivot (Major) 
Bitcoin Cracks $75K as $1.3B ETF Exodus and Middle East Jitters Spook Bulls; Bears Eye $70K 
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95 
BTCUSD showed a minor pullback from the temporary bottom of $65720 made yesterday. It hits an intraday high of $68233 and is currently trading around $68019.
|
Technicals |
CMP -$68015 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
$67895 |
CMP > 55 EMA |
Bullish |
|
200- EMA |
$70564 |
CMP is less than 2200- EMA |
Bearish |
|
365- EMA |
$74252 |
CMP < Value |
Bearish |
In the 4- hour chart, the pair is trading well below short term - $71057 (55-EMA) and long-term- $84992 (365- EMA) and $80396 (200-EMA).
Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500.
|
Momentum indicator (1-hour chart) |
Inference |
Value |
|
CCI(50) |
Neutral |
|
|
ADX |
Bullish |
Strength - 15.84. It should cross above 20 level for bullish trend confirmation |
It is good to sell on rallies around $70000 with SL around $74250 for a TP of $60000.
