BTC/USD chart - Trading View
Exchange - Coinbase
Technical Analysis: Bias Neutral
GMMA Indicator: Major Trend - Bearish; Minor Trend - Neutral
Overbought/ Oversold Index: Oversold, on verge of rollback into neutral
Support: 7602 (55-EMA); Resistance: 8007 (110-EMA)
BTC/USD is extending weakness for the 2nd straight session after spinning top formation on the previous day's candle.
The pair was trading 1.39% lower at 7934 at around 06:30 GMT, after closing 1.39% lower in the previous session.
Price action has retraced below 110-EMA (8007) and is currently hovering above 5-DMA support (7852).
Oscillators are at overbought territory on verge of rollback into neutral. Bearish RSI and Stochastics divergence on the hourly charts raises scope for near-term weakness.
Major trend is bearish. 55-EMA is strong support at 7602. Break below will see resumption of weakness.


NZDJPY Technical Outlook: Selling the Rallies as Bearish Momentum Consolidates
FxWirePro- Major Crypto levels and bias summary
Bitcoin Defies Gravity: BTC Holds Above 80,000 USD Milestone Amid Geopolitical Shifts
FxWirePro: GBP/AUD edged higher but bearish outlook remains
Swiss Strength Persists: USDCHF Slumps Below 0.7800 Amid Broad Greenback Sell-Off
Ethereum Follows the Leader: ETH Eyes 2,500 USD as Bullish Momentum Builds
CADJPY Outlook: Loonie Limps as Dismal Jobs Data Fuels BoC Rate Cut Bets
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD momentum strongly bearish despite pause in losses
FxWirePro- Major Crypto levels and bias summary 



