BTC/USD retests 30281: Sally Ho’s technical analysis – July 17, 2023
Bitcoin (BTC/USD) lacks a clear technical direction in its early days Asian During the trading session, the currency pair again changed from 30142.85 level,at 23.6% retracement the most recent one Appreciation range is narrow from 29715.87 area to 30456 area. buying pressure appeared around 30145.47 period area pull backan action reduce represent a test of 23.6% retracement recent Depreciation range from 31525.10 arrive 29715.87. stops yes Choose below this 31003.83, 30739.19, 30474.55and 30147.11 Areas where the recent epidemic has been severe depreciation, downside price target link to the nearest selling pressure surrounding 31862.21 and 31376.52 area. Upside Price Target include 32125 and 33569 region, and stops quoted more than additional Upside Price Target surrounding 32043, 34531and 34658 area.
Following recent trading activity, technical support and potential buying pressure include 29920, 29108, 28275, 27443, 26413and Level 26257. Upside Price Target related to history Buy Activities include 32043, 34531, 34658and Level 35912. the following current price activity, 28095.44 area representative 23.6% retracement of historical depreciation from 69000 arrive 15460. downside price target related to recent selling pressure include 29849 and Level 29331.traders observed 50 bar MA (4 hours) yes Below indicates bearish this 100 bar MA (4 hours) and more than this 200 MAs (4 hours). in addition, 50 bar MA (hourly) yes pessimistically show the following this 100 bar MA (hourly) and more than this 200 bar MA (hourly).
Price activity closest to 50 bar MA (every 4 hours) on 30499.23 and 200 bar MA (hourly) at 30481.11.
technical support estimated about 24440.41/ 23270.10/ 22769.39 and stops expected to be lower than.
technical resistance estimated about 31986.16/ 32989.19/ 34658.69 and stops As expected.
exist 4 hours chart, Slow K yes Bullish above SlowD although MACD yes Bearish below MACD.
exist 60 minutes chart, Slow K yes Bullish above SlowD although MACD yes Bullish above the MACD average.
Disclaimer: Sally Ho’s technical analysis is provided by a third party and is for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.