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FxWirePro- BTCUSD Daily Outlook

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.
 

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