Ichimoku analysis (Daily chart)
Tenken-Sen- $52061
Kijun-Sen- $55949
BTCUSD has declined after a minor recovery to $56500 yesterday. The overall trend is bearish as long as resistance $65000 holds. The digital asset is struggling to breach past 50- day MA. This confirms minor bearishness and a dip to $43000 possible. The pair has formed a temporary top of around $64895 and lost more than 25%. It hits an intraday low of $53305 and is currently trading around $53800.
The near-term resistance is around $57000. Any indicative break above targets $60000/$65000. Major trend continuation above $65000.
The pair's minor support is around $53000.A break below will drag the pair down till $50290 (100- day MA)/$47000/$43000 is possible. Significant bearishness only if it breaks $43000.
Indicator (Daily chart)
CAM indicator –Slightly bullish
Directional movement index – Bearish
It is good to sell on rallies around $56000 with SL around $58000 for TP of $43000.


FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro: NZD/USD hovers near one-week low, outlook bearish
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro- Major Crypto levels and bias summary
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro: USD/ZAR bears maintain upper hand 



