BTC/USD chart - Trading View
Exchange - Coinbase
Support: 9525 (110-EMA); Resistance: 9,999 (5-DMA)
Technical Analysis: Bias Bearish
BTC/USD extends previous session's weakness, trades 1.18% lower on the day at 9589 at 04:20 GMT.
The pair has shown a breach of 'Symmetric Triangle' pattern raising scope for downside.
Price action has slipped below 38.2% Fib. Technical indicators on the intraday charts are biased lower.
110-EMA is strong support (9525), break below eyes next major support at 9108 (28th July low).
5-DMA is immediate resistance at 9999. Breakout above cloud required for bearish invalidation.
