BTC/USD Bearish Sentiment Extends: Sally Ho’s Technical Analysis – July 22, 2023
Bitcoin (BTC/USD) encounter Elevated downside risks already Asian session, since the pair has been growing can’t arrive maintain recent Yield higher than this 30000 graphs. Bear Absorbed 30183.73 level in the ongoing process pull backA grade represents 23.6% retracement of Range of appreciation from 24750 arrive 31862.21. stop yes Choose below this 30172, 30095, 30018, 29922and 29768 period area depreciation, downside price target related selling pressure surrounding 30421.29 and 30281.68 area.additional downside price target include 29403, 29089, 28775, 28386and Level 27757. the following current price activity, 28095.44 area representative 23.6% retracement of historical depreciation from 69000 arrive 15460.
Following the recent benefit activity, area technical support and potential buying pressure include 28306, 27466, 26428and Level 26272. more than market, Upside Price Target related to this grade include 30526, 30611, 30762and 31145 area. Upside Price Target related to other level of buying pressure include 32125 and 33569 region, and stop quoted more than additional Upside Price Target surrounding 32043, 34531, 34658and 35912 area.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 the following this 200 bar MA (hourly).
Price activity closest to 200 bar MA (every 4 hours) on 29685.25 and 50 bar MA (hourly) at 29992.93.
technical support estimated about 24440.41/ 23270.10/ 22769.39 and stop expected to be lower than.
technical resistance estimated about 31986.16/ 32989.19/ 34658.69 and stop As expected.
exist 4 hours chart, Slow K yes Below SlowD Bearish although MACD yes Bullish above MACD average.
exist 60 minutes chart, Slow K yes Below SlowD Bearish although MACD yes Bearish below 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.