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 Bullish Surge: RBNZ Hawkish Pause Fuels Rally Toward 95 as 92.60 Support Holds
FxWirePro: GBP/AUD steadies around 1.9310,retains bid tone
FxWirePro- Major Pair levels and bias summary
AUDJPY Pulls Back as Yen Momentum Returns: Sell Rallies Near 112.60 Targeting 110
FxWirePro: NZD/USD hits three-week high, scope for further upside
AUDJPY Consolidates in Tight Range: Sell Rallies as Longer-Term EMAs Turn Bearish
NZDJPY Surges on NZD Buying: Bullish Setup Eyes 95 as Key Support Holds 



