BTC/USD chart - Trading View
Exchange - Coinbase
Support: 9656 (100-DMA); Resistance: 10407 (55-EMA)
Technical Analysis: Bias Bearish
BTC/USD consolidates previous session's slump, trades 2.20% lower at 9800 at 04:00 GMT.
The pair is extending weakness below daily cloud, hits news August month lows at 9,770.
Technical indicators are bearish, scope for further downside. Stochs ans RSI are sharply lower and RSI is well below 50 level.
MACD shows bearish crossover on signal line and -ve DMI crossover on +ve DMI adds to the bearish bias.
Strong trendline support seen at 9790. Break below will see further downside. Next major support aligns at 100-DMA at 9656 ahead of 110-EMA at 9313.
Oscillators on the intraday charts are in oversold territory. Scope for minor pullbacks.
Retrace above 55-EMA (10407) will see consolidation. Break above 21-EMA (10824) negates near-term bearishness.


CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/ZAR edges higher but bearish outlook persists
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Major European Indices
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 



