February 26, 2024

BTC/USD recovers losses after 29525 print: Sally Ho’s technical analysis – July 20, 2023

Role of Bitcoin (BTC/USD) Recycle recent loss already Asian During the meeting, the two wandered between 30000 graphs After the transaction is High as 30196.24 area.important stops yes Choose below this 29592.63 The closest area depreciationA downside price target related to recent selling pressure around strengthening 31862.21 and 31376.52 area.back Bitcoin/USD advanced appreciate arrive day high and fall off, stops yes Choose below this 29860.62 area, representing 50% retracement recent Range of appreciation from 29525 arrive 30196.24. Following recent trading activity, technical support and potential buying pressure include 29108, 28275, 27443, 26413and Level 26257.

the following current price activity, 28095.44 area representative 23.6% retracement of historical depreciation from 69000 arrive 15460. Upside Price Target include 32125 and 33569 region, and stops 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 50 bar MA (every 4 hours) on 30420.27 and 50 bar MA (hourly) at 30001.33.

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 Bullish above MACD average.

exist 60 minutes chart, Slow K yes Below SlowD Bearish 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.