Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K

BTCUSD trades in a narrow range despite the Fed rate cut. It hit a high of $93652 yesterday, and at the moment, it is around $92235.

Oscillators and moving averages to forecast the trend of BTCUSD

CMP- $92234

EMA (4-hour chart)

55-EMA- $91068

200-EMA- $93691

365-EMA- $98186. The pair trades above short and below long term moving average.

Major Support - $90000. Any breach below $90000 will drag the pair down to $86000/$83000/$80000.

Major Resistance - $95000.  Any break above $95000 confirms minor bullishness, a jump to $95415/$97400/$98500/$10000.

Indicators (4-hour chart)

CCI(50)- Bullish

ADX-  Neutral

5. Investment Strategy for BTCUSD

It is good to buy on dips around $90000 with a stop loss around $86000 for target profits of $100000/$107000.