- BTC/EUR resumes downside after range trade for a couple of sessions.
- The pair is down 5.47% on the day at the time of writing with scope for further downside.
- Momentum studies have turned bearish and we see -ve DMI dominance.
- Price action remains well below major moving averages and daily cloud.
- The pair hovers around 78.6% Fib. Break below finds next major support at 5225 (trendline) ahead of 88.6% Fib at 4092.
- On the flipside, 21-EMA is strong resistance. Break above could see upside till cloud base.
- Breakout at daily cloud could invalidate the bearish bias.
Support levels - 5225 (trendline), 5000, 4092 (88.6% Fib)
Resistance levels - 5738 (5-DMA), 5934 (21-EMA), 6000
Recommendation: Good to go short on upticks, SL: 5935, TP: 5225/ 5000/ 4720
FxWirePro Currency Strength Index: FxWirePro's Hourly BTC Spot Index was at -34.7171 (Neutral) at 1100 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
ETH Bulls Smash Trendline – $4,000 Next as Whale Squeeze Tightens
BTC Bulls Defend $90,000 – One Fed Spark Away from $100K Explosion
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices 



