December 11, 2023



BTC/USD weakens after testing 27051: Sally Ho’s technical analysis – June 21, 2023

Bitcoin (BTC/USD) Continue give up recent income already Asian session as pair fall off back test this 27051.39 area, representing 61.8% retracement recent Depreciation rate from 28473.93 arrive 24750. buying pressure recent strengthen surrounding 26236.80 period area appreciaterepresent 23.6% retracement of Wider range of depreciation from 31050 arrive 24750. additional Upside retracement level at this Wider range of depreciation include 27156, 27900, 28643, 29563and 29701 field. the following market, downside price target include 25323.24 and 24680.87 levels. stop Too Quoted below main retracement level Link to 19568.52 and 15460 levelsinclude 25094, 23954, 23255, 22278and 22025 field.

additional downside price target include 24440, 23208and 22769 levels. Following recent price activity, technical resistance and potential selling pressure include 27528, 27737, 27805, 28200, 28473and 28873 levels. Upside retracement level recently Depreciation range include 28700, 28741, 28868, 29243, 29299, and 29284 levels. more than market, Upside Price Target include 30420.74, 31237.11, 31477.37, 32501.23, 32556.73, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28and 38403.97 levels. Traders observed that 50 bar MA (4 hours) yes Pessimistically indicate below this 100 bar MA (4 hours) and the following this 200 bar MA (4 hours). also, 50 bar MA (hourly) yes Optimistically show more than this 100 bar MA (hourly) and more than this 200 bar MA (hourly).

Price activity closest to 200 moving average (4 hours) at 26650.77 and 50 moving average (hourly) at 26556.19.

technical support Estimated surrounding 24440.41/ 23270.10/ 22769.39 and stop The expectations are as follows.

technical resistance Estimated surrounding 31986.16/ 32989.19/ 34658.69 and stop above expectations.

exist 4 hours chart, Slow K yes Bullish above SlowD although MACD yes Bullish above MACDAverage.

exist 60 minutes chart, Slow K yes Much lower than SlowD although MACD yes Bullish above MACDAverage.

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.