BTC Next Move 53,000The price has fluctuated between approximately $60,546.94 and $61,431.89 in the last day. In the short term, the price shows a downward trend, as indicated by the recent lower highs and lower lows since mid-June. Over the past few weeks, there's a clear bearish trend, with consistent declines from the highs of approximately $72,000 in early June.
Around $60,500, which is the low of the last trading day and a level where buyers have previously entered the market. Around $62,000, a psychological level and a recent high where selling pressure may increase. The previous high near $66,000, where the price faced significant resistance before declining.
The volume appears relatively consistent, with no significant spikes or drops. This suggests that the recent price movements are likely supported by a stable amount of trading activity, rather than being driven by low-volume fluctuations.
Given the recent downward movement, the RSI might be approaching oversold levels, suggesting a potential for a rebound.
The price is currently consolidating, and traders should watch for a break below this support level or a recovery above $62,000 for clues about the next significant movement. The lack of strong volume spikes suggests that there might not be a significant change in trend unless accompanied by higher volume. It's crucial to keep an eye on macroeconomic factors and market sentiment, which can significantly impact Bitcoin's price.
Strong Support at 53,000
Downtrend
Down trends for xauusdGold price is going down today.
Average Hourly Earnings measures the change in
the price businesses pay for labor, not including the
agricultural sector.
A higher than expected reading should be taken
as positive/ bullish for the USD, while a lower than
expected reading should be taken as negative/ bearish
for the USD,
EUR-AUD Will Keep Falling! Sell!
Hello,Traders!
EUR-AUD is trading in a
Downtrend and the pair is
Going down after the retest
Of the resistance of 1.6169
So we are bearish biased
And we will be expecting a
Further move down
Sell!
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EUR-AUD Will Go Down! Sell!
Hello,Traders!
EUR-AUD is going up
To retest a strong horizontal
Resistance level of 1.6173
And as the pair is in the
Downtrend we are bearish biased
So after the retest we will be
Expecting a bearish continuation
Sell!
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EUR_AUD WILL KEEP FALLING|SHORT|
✅EUR_AUD is trading in a
Downtrend and the pair is
Making a retest of the broken
Key level of 1.6160 which is now
A resistance and as we are
Bearish biased a further
Bearish continuation
Is to be expected from
The resistance level
SHORT🔥
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Is the mexican index in danger?Even with great companies conforming this index, it's impossible to ignore the effect that Claudia Sheinbaum's victory had over the markets. It's shocking to see the pessimism of the markets after her victory. Unfortunately, this has now created an infliction point in the BMV:ME index. With no recent clear support, it could be possible for price to drop quite a bit more, opening great buying opportunities.
However, if price does not begin to reverse this trend soon, it's possible that we will test lower lows.
EUR-CHF Bearish Breakout! Sell!
Hello,Traders!
EUR-CHF is trading in a
Downtrend and the pair
Made a strong bearish
Breakout of the key
Horizontal level of 0.953
And the breakout is confirmed
So we will be expecting
A further move down
Sell!
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EUR-NZD Will Keep Falling! Sell!
Hello,Traders!
EUR-NZD is trading in a
Downtrend and the pair
Broke the key horizontal
Level of 1.7637 which is
Now a resistance and the
Pair made a retest and
And is going down again
So I am bearish biased
And I will be expecting
A further move down
Sell!
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GBP-AUD Will Keep Falling! Sell!
Hello,Traders!
GBP-AUD is trading in a
Downtrend and the pair
Is making a pullback from
The horizontal resistance
Of 1.905 and we will
Be expecting a further
Move down and a retest
Of the support level below
At around 1.891
Sell!
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Downtrend resumes - GBP/USDI have done plenty of analysis on the GBPUSD in the past few weeks and nothing has changed in our outlook.
The wave of disbelief has matured and we are now selling the cable.
The risk is 1.2636 about 60 pips from where we are right now.
For those who like confirmation, a break below 1.2568 is your first confirmation that more sellers have joined the party.