Bitcoin (XBTUSD) Aims Lower On 4h Timeframe
XBTUSD (Bitcoin) continues to aim lower, the technicals here are pretty simple.
We have prices below EMA10, EMA50, and MA200.
The MACD is below zero while trending down.
The RSI has also broken below its bullish zone of 50.
The next strong support is sitting at the $8800/$9000 price range.
Conditions for change
XBTUSD breaking and closing above MA200 at $9435 invalidates the above analysis.
This is not financial advice.
Namaste.
We have prices below EMA10, EMA50, and MA200.
The MACD is below zero while trending down.
The RSI has also broken below its bullish zone of 50.
The next strong support is sitting at the $8800/$9000 price range.
Conditions for change
XBTUSD breaking and closing above MA200 at $9435 invalidates the above analysis.
This is not financial advice.
Namaste.
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