- BTC/EUR extends range trade, capped below 5-DMA which is strong resistance at 8505.
- The pair finds major support at rising trendline currently at 7790, break below to see further weakness.
- Technical studies are biased lower. RSI and Stochs support downside. We see -ve DMI dominance.
- Break below major trendline support at 7790 could see test of 200-DMA at 6535.
- On the flipside, break above 5-DMA could see minor upside till 20-DMA at 9411.
- Bullish invalidation likely on decisive break above 20-DMA.
Support levels - 7790 (trendline), 6535 (200-DMA), 5488 (78.6 % Fib retrace of 2502 to 16457 rally)
Resistance levels - 8503 (5-DMA), 9411 (20-DMA), 9479 (50% Fib)
Recommendation: Good to go short on break below 7790 (trendline), SL: 8600, TP: 7000/ 6500/ 6000/ 5500.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
ETH Cracks $2,100 in Bitcoin’s Wake as Bearish EMA Stack Deepens; Sellers Target $1,900 on Rallies
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900
Ethereum Cracks Below $2,000 as Bitcoin Contagion Bites—Bearish EMA Stack Sets Sights on $1,700
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY edges higher but bulls lack punch 



