BTC/USD chart - Trading View
Exchange - Coinbase
Technical Analysis: Bias Neutral
GMMA Indicator: Major Trend - Bullish; Minor Trend - Neutral
Overbought/ Oversold Index: Overbought, on verge of rollover into neutral
Volatility: High
Support: 9649 (200H MA); Resistance: 9891 (5-DMA)
BTC/USD is extending weakness for the 2nd straight session, intraday bias is slightly bearish.
The pair was trading 1.39% lower on the day at 9714 at 04:00 GMT, after closing 3.11% lower in the previous session.
Price action has slipped below 5-DMA and is now close to major support at 200H MA at 9649.
Major trend is bullish, however, break below 200H MA could change near-term dynamics.
Dip till 21-EMA at 9351 then likely. Break below 200-DMA (currently at 8857) will invalidate any further bullishness.
Bounce off 200H MA and resumption of upside momentum will see test of 61.8% Fib at 11,026.


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