Ichimoku analysis (Daily chart)
Tenken-Sen- $52318
Kijun-Sen- $55949
BTCUSD has recovered more than $8000 after forming a bottom of around $47000.The digital asset has halted its ten days of a bearish trend. The jump above $56000 confirms trend continuation. Short term trend is still weak as long as resistance $57000 (50-day MA) holds. The pair has formed a temporary top of around $64895 and lost more than 25%. It hits an intraday low of $53811 and is currently trading around $54413.
The near-term resistance is around $56000. Any indicative break above targets $57000/$60000. Major trend continuation above $65000.
The pair's minor support is around $5300.A break below will drag the pair down till $50000/$47000/$43000 is possible. Significant bearishness only if it breaks $43000.
Indicator (Daily chart)
CAM indicator –Slightly bullish
Directional movement index – Bearish
It is good to sell on rallies around $56000 with SL around $58000 for TP of $43000.


FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level 



