BTC/USD Election Holds Below 34946: Sally Ho's Technical Analysis June 21, 2021 BTC

Bitcoin (BTC/USD) remained under pressure earlier in today's Asian session, after falling below the 34000 mark during the North American session and rising as high as the 33347.05 area, representing a 76.4% pullback test of its valuation range. From 31004.95 to 41322.55. During depreciation, key stops were selected below the 34946.27 area, which corresponds to a 61.8% retracement of the same range. Traders pushed BTC/USD as high as the 35909.55 region during the European session before the collapse. Recently, intermediate stops have been chosen as we climb to several-week highs instead of the psychologically significant numbers 40000 and 41000. Traders see the 41304.22 level as potential technical resistance, representing a 38.2% retracement of the recent depreciation range between 59592.20 and 30000. Zones 51375, 51245, 50527, 51375, 51245, 50527, 48478, 47698, 47136, 41581, 40303, and 39604. The upward retracement levels and potential areas of technical resistance are the 41304, 43331, 44796, 47449, 48287 and 51567 levels. Potential technical support areas include 29156, 28747, 28387, 27706, 27317, 27175, 26621 and 26249. Traders note that the 50-bar (4-hour) MA is bullish above the 100-bar (4-hours) MA and above the 200-bar (4-hours) MA. Also, the 50 bar (per hour) MA gives bearish indication below the 100 bar (hours) MA and below the 200 bar (hours) MA. Price activity is closest to the 100 bar (4-hours) MA at 36377.81 and the 50 bar (hourly) MA at 35730.42. Technical support is expected around 29156/28747.28/27706.27 with pauses expected below. Technical resistance is expected around 46000/51569.56/64899 with expected stops above. On the 4-hour chart, SlowK is bearish below SlowD, while MACD is bearish below the MACDA average. On the 60-minute chart, SlowK is bearish below SlowD while MACD is bearish below

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