BTCUSD Technical Analysis – 08 September 2022
08 Sep 2022
BTCUSD Technical Analysis: Weekly Chart
In the weekly charts, BTCUSD is trading in a down channel. BTCUSD is currently trading below all SMA.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 18000.00 & the resistance level is at 19700.00
BTCUSD will trade in a down channel until there is a trend reversal.
BTCUSD Technical Analysis: Daily Chart
In the daily charts, the BTCUSD is trading in a down channel. BTCUSD is currently trading below all SMA.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 19100.00 & the resistance level is at 19500.00
BTCUSD will trade in a down channel until there is a trend reversal.
How to Trade BTCUSD this Week:
BTCUSD will follow the downtrend until its trend reversal. So, remain bearish on BTCUSD