BTC/USD chart - Trading View
Exchange - Coinbase
Technical Analysis: Bias Slightly Bearish
GMMA Indicator: Major Trend - Bullish; Minor Trend - Bearish
Overbought/ Oversold Index: Neutral
Volatility: Shrinking
Support: 9690 (21-EMA); Resistance: 9936 (5-DMA)
BTC/USD was trading 0.82% higher on the day at 9780 at around 04:30 GMT.
The pair has paused downside at 21-EMA support (currently at 9690), weakness only on break below.
Correction on account of overbought oscillators is likely to be shallow as major trend still remains bullish.
MACD is showing a bearish crossover on signal line and a 'Death Cross' formation on the hourly charts keeps downside pressure.
That said, 21-EMA is strong support and a potential 'Golden Cross' (bullish 50-DMA crossover on 200-DMA) limits downside.
5-DMA is biased lower and is now offering immediate resistance at 9936. Retrace above 200H MA (10056) could see upside resumption.


FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary 



