Bitcoin Reclaims $70,000: Trump’s De-escalation Rhetoric Sparks Crypto Rally 
FxWirePro: EUR/ NZD stays range-bound but maintains bearish bias 
Pound Under Pressure: GBPJPY Pauses Five-Day Rally for Tactical Profit Booking 
FxWirePro: GBP/USD dips after US CPI data, key support level in focus 
NZDJPY Holds Firm: Bullish Bias Intact Despite Temporary Top at 94.18 
Bitcoin Teeters Near USD 70,000 as USD 245 Million Liquidation Wave Rocks Crypto Markets 
FxWirePro: USD/JPY edges up, remains on front foot 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin’s Tug-of-War: Institutional Inflows Battle Technical Resistance at USD 72,500 
BTCUSD is consolidating in a narrow range and struggling to close above $70000. It hits an high of $70089 yesterday and is currently trading around $67769.
|
Technicals |
CMP -$67769 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$69433 |
CMP < 55 EMA |
Bearish |
|
200- EMA |
$77284 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$82494 |
CMP < 365 EMA |
Bearish |
Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500.
|
Momentum indicator (1-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-17.81 |
|
ADX |
Neutral |
|
It is good to sell on rallies around $70000 with SL around $72280 for a TP of $65000/$64000.
