BTC/USD Under Pressure Under 39000: Sally Ho Technical Analysis 18 Jun 2021 BTC

Bitcoin (BTC/USD) failed to make any profits in the early Asian session today as the pair dropped to 38778.12 after dropping as low as 39554.98 during the European session. 50 hours of simple movement. average. Traders dropped BTC/USD as low as 38444.18 during the European session, which represents a 61.8% retracement of the range from 37191.99 to 40440.95. Recently, timeouts have been chosen instead of the psychologically important numbers 40000 and 41000 as we climb to several-week highs. 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-hours) MA is bearish below the 200-bar (4-hours) and above the 100-bar (4-hours) MA. Also, the 50 bar (hourly) MA is bullish above the 100 bar (hourly) MA and above the 200 bar (hourly) MA. Price activity is closest to 200 bar MA (4-hourly) at 38146.29 and 100 bar MA (on the hour) at 39387.60. 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 rising above the MACDA average.

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