Ichimoku analysis (4-hour chart)
Tenken-Sen- $61948
Kijun-Sen- $62128
BTCUSD is trading slightly weak after hitting a fresh all-time high at $64895.The short-term trend is bullish as long as support $57945 (200-4H MA) holds. The pair is holding well above $60000 and is currently trading around $61595.The pair is trading below 4-hour Tenken-Sen, Kijun-Sen, and cloud.
The near-term resistance is around $65000. Any indicative break above targets $67950/$69000.Major trend continuation above $65000.
The pair's minor support is around $59450.A break below will drag the pair down till $58300/$57945/$55500 is possible.
Indicator (4 Hour chart)
CAM indicator – Bearish
Directional movement index – Bearish
It is good to buy on dips around $61000 with SL around $59450 for TP of $65000.
