Ichimoku analysis (1-hour chart)
Tenken-Sen- $56055
Kijun-Sen- $56583
BTCUSD has formed almost a double top near $58300 and shown a minor sell-off. The intraday trend is still on the higher side as long as support $54250 holds. The pair is holding above hourly Tenken-Sen and Kijun-Sen. Any close below Ichimoku cloud $55200 confirms minor bearishness, a dip till $53000/$51940 (200- H MA) is possible. On Mar 8th, 2021 the pair took support near 200- 4H MA. This confirms shows that BTCUSD must close below $49300 for a further trend reversal. The support to be watched is $55000. Any violation below targets $54250/$53700/$53000.
The pair's near-term resistance is around $58300.Any further bullishness can be seen if it breaks above that level. A jump till $62300 (127.2% fib)/$65000 is possible.
It is good to buy on dips around $56000 with SL around $55000 for TP of $62000.


FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/CAD dips below lower range, bearish bias increases
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Woodies Pivot(Major)
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists 



