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.


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